PAPUA NEW GUINEA NEWS, FACTS, INFORMATION, STORIES AND INSPIRATIONS
PNG Kina was stronger than the Australian and American Dollar in the early years after independence, though the country had only one mine back then in Bougainville
- Get link
- X
- Other Apps
Hon. Richard Maru, MP
"PNG Kina was stronger than the Australian and American Dollar in the early years after independence, though the country had only one mine back then in Bougainville.
Today, we have 8 resource projects, including the LNG project but our Kina value is so weak, we have the highest number of unemployment with 85% of our young people unemployed, and the highest level of debts since independence.
This is because we have failed to build the agriculture sector of this country over the last 47 years.
While the resource sector is still important for income and jobs, our future is not in gold and copper and gas as we have seen over the last 47 years, it is in agriculture, fisheries and forestry. We must go back to the land and utilize it."
~Hon. Richard Maru
Minister for International Trade and Investment, and Yangoru-Saussia MP
- Get link
- X
- Other Apps
Comments
Post a Comment
Please leave a comment here...