ANZ Chief Executive officer Mike Smith saysthere are strong indications thaPNG’s Natural resource sector could quadruple by 2030 producing twenty five billion US dollars in annual export revenues.
He sayPNG’s economic growth is being driven bythe urbanization and industrialization of Asia.
Underpinned by a super cycle in mining and energy, and increasingly in Agriculture.
Continued focus on policies is needed to properly harnessthe economic benefits into tangible development.
Prime Minister Peter O’Neill this afternoon welcomedthe strong statement of confidence fromthe bank.
– Meredith Kuusa
