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2012 Annual General Meeting
| Phil Mulacek; Wayne Andrews | Page 4 of 11 |
June 18, 2013
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Papua New Guinea Politics National Elections set for June 23rd square4 National elections solve the supreme court decisions on the Prime Minister square4 New government should break the log jam in decisions and approvals square4 Increased impetus and drive by new government to mitigate budget shortfall through resource development Aid to PNG square4 Australia is the largest bilateral aid donor to Papua New Guinea, offering about $480 million a year in assistance square4 Other major sources of aid to Papua New Guinea are Japan, the European Union, the People's Republic of China, Taiwan, the United Nations, the Asian Development Bank, the International Monetary Fund, and the World Bank square4 Influences standard business practices Focus on Improving standard of living square4 Health square4 Education square4 Government services square4 Infrastructure Business friendly coalition formed square4 Two largest political parties in the country have formed a pact square4 All parties recognize need for government stability to attract foreign investment Page 4