Public investment policy in Papua New Guinea

Hunt, Colin, Mawuli, Agogo, Gumoi, Modowa, Yala, Charles and Sa, Ogis (1999) Public investment policy in Papua New Guinea. Pacific Economic Bulletin, 14 2: 24-36.

Author Hunt, Colin
Mawuli, Agogo
Gumoi, Modowa
Yala, Charles
Sa, Ogis
Title Public investment policy in Papua New Guinea
Journal name Pacific Economic Bulletin
ISSN 0817-8038
Publication date 1999
Sub-type Article (original research)
Volume 14
Issue 2
Start page 24
End page 36
Total pages 13
Editor Ron Duncan
Maree Tait
Language eng
Formatted abstract
While a sectoral approach to education, health, communications, and law and order is now being followed, the implementation of public investment policy, two-thirds funded by donors, is well below par. This article reviews policy, its focus, and the structures in place to implement it and highlights some failures. A back-to-basics strategy, in terms of macroeconomic management, should be the basis for more effective public investment, but this needs to be accompanied by improved processes. Moreover, the donors need to examine whether there is sufficient absorptive capacity to accommodate their large aid agendas.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
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Created: Mon, 25 Apr 2011, 05:50:58 EST by Dr Colin Hunt on behalf of School of Economics