We must not kill investment in PNG: PM Marape
Summarized and contextualized by DistantNews.
At a glance
- Papua New Guinea's Prime Minister James Marape stated that the government must not deter investment.
- Marape emphasized the need to balance the government's "take back PNG" policy with maintaining investor confidence.
- The prime minister's remarks in Parliament aim to reassure investors about the country's economic direction.
Papua New Guinea's Prime Minister James Marape has urged caution against actions that could harm investment within the nation. Speaking in Parliament, Marape stressed that while the government remains committed to its "take back PNG" initiative, it must not jeopardize existing investments or the potential for future returns. This balancing act is crucial for the country's economic stability and growth. Marape's statement signals an effort to reassure both domestic and international investors that the government's policy objectives will not come at the expense of economic opportunities. The administration seeks to foster an environment where national interests are pursued alongside a welcoming climate for business and capital. The prime minister's remarks are intended to clarify the government's stance, ensuring that the drive for economic self-determination does not inadvertently stifle the very investments needed to achieve it.
We must not kill investment or return on investment in PNG.
Originally published by Post-Courier. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.