Tuesday, July 30, 2019

Economic Powerhouse: Marape's Goal for PNG

PM James Marape says he wants PNG to move away from a "donor-recipient" relationship with Australia.

Posted by The West Australian

Papua New Guinea is on a quest for economic independence, which could eventually save Australia billions of dollars in aid.
New PNG Prime Minister James Marape says he wants his nation to move away from an "donor-recipient" relationship with Australia.
"I don't envisage this type of aid donor recipient relationship to last, in fact within the next 10 years I want my country to grow into economic self-reliance and independence," Mr Marape said during a speech in Sydney on Thursday night.
PNG receives more than half a billion dollars in aid from Australia each year.
Mr Marape's speech comes days after Australia's Prime Minister Scott Morrison announced another $250 million in grants and low-interest loans to help PNG connect 70 per cent of its country to electricity by 2030.
The new PNG prime minister arrived in Australia on Sunday for a six-day visit after taking over from Peter O'Neill in May.
During Thursday's speech in Sydney, Mr Marape reiterated his pledge to make PNG the world's "richest black Christian nation".
"For too long we have allowed external forces to dictate the direction that we take, but this will now change," he said.
"We will move from an introduced culture of dependency and complacency, where we rely on overseas aid and inward investment alone, to one where we become a vibrant economic powerhouse and are totally economically independent."

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