Marape says Westpac Report confirms broad‑based growth

Papua New Guinea's Prime Minister James Marape has welcomed the latest Westpac Economic Growth Report, asserting that it confirms the government's strategy to broaden the nation's economic base. Marape highlighted that the report supports the policy of expanding the economy beyond its historical reliance on extractive industries such as oil, gas, and gold.

The Prime Minister emphasized that the government's policy is focused on achieving broad-based economic growth. This approach aims to diversify the economic landscape, reducing dependence on volatile commodity markets and fostering more sustainable development across various sectors.

The Westpac report's findings are seen as a crucial validation of the current administration's economic direction. Marape indicated that this aligns with the government's ongoing efforts to stimulate growth and create opportunities beyond the traditional resource-based economy.