A survey carried out jointly by the Institute of National Affairs (I-N-A) and the Asian Development Bank (A-D-B) highlights corruption and law and order remain impediments to doing business in Papua New Guinea.
The survey focused on key lessons from 10 years of similar private sector survey in the challenge of doing business in P-N-G. While the business environment had improved in the decade, following 2002, doing business in P-N-G remained extremely challenging in 2012. The survey also highlights business security, poor government-business relationship, poor infrastructure and service, political uncertainty among other areas that needs improving. But the survey notes significant progress in the macro-economic sector, boosting the country's investment opportunity. And, it recommends for adequate resources to improve key agencies' capacities in tackling corruption including the simplification and streamlining of licensing and regulations processes to enhance the practice of doing business in the country . PNG Facts/ NBC News Comments are closed.
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