The National ResearchInstitute held its 22nd Diploma in Economic Policy Analysis Graduation last week Friday.
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Fifteen students’from various backgrounds graduated with diplomas through this course.
They have been told to usetheir skills and knowledge to contribute to sound economic policies to promote inclusive and sustainable development.
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Five weeks of intense lectures have ended for these graduates and itu2019s time now for implementation.
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Withthe skills acquiredthey have been challenged not to take economic outcomes at face value but to analyze it to benefitthe people.
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The country is experiencing unprecedented economic growth but with little impact onthe lives of ordinary Papua New Guineas. Poverty and inequality are still widespread.
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Representttative fromthe Bank of Papua New GuineaJoe Teria delivered a speech on behalf of BeNG Governor Loi Bekani. He reaffirmedthe banku2019s objective in ensuring price stability.
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He says,the bank is committed in ensuring inflation is consistent withthe growth ofthe economy to avoid repercussions on ordinary people.
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He also urgedthe government to invest inthe non-extractive sectors ofthe economy such as agriculture.
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This will help counteractthe Dutch Disease risks emanating fromthe LNG Development.
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The government has embarked on an expansionary budget with an unprecedented deficit of K2.7 billon andthe bank is conducting its monetary policy in a manner that does not hinder governmentu2019s growth targets.
https://youtube.com/watch?v=tWBe1zoMXD8%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0
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