SlideShare presentation We have prepared a SlideShare presentation that discusses the desperate state of Papua New Guinea’s public financial management (PFM). The presentation highlights a deteriorating trend in the country’s PFM over recent years and its very poor recent performance…
Papua New Guinea’s poor and deteriorating financial management: can it be turned around?
By David Fellows and John Leonardo[1] Background on Papua New Guinea (PNG) Papua New Guinea (PNG) is a lower-middle-income economy heavily dependent upon commodity exports. It has an extremely diverse social structure with fierce clan loyalties, characteristics that provide severe…