Economy

Economy. The review of the press Papua New Guinea the Head of Treasury Papua New Guinea (APG) Ling Ian - Staki declared that the Government of the country is compelled to re-structure credit of 375 million kina (US$105,9 million) on satisfactorier conditions to pay for "unsuccessful" investments. Mr. Ling Ian - Staki noted that it is connected with the transaction of the previous government under the direction of Peter Charles Peyr O’Nil which agreed to single payment of 375 million kina if Petromin [a comment nowadays Kumul Minerals] is not able to pay credit BSP taken for realization of the deep-water...