Despite recent increases in the relationship of Papua New Guinea with China, there is still opportunity for America to be a part in growing PNG’s economy.
That is according to Fred Hochberg, Chairman and President of Exim Bank of America.
When speaking to EMTV News he said, among issues of discussion, were moves at increasing Exim’s presence in PNG, particularly at this time when China’s influence in the region is increasing.
Whilst here, Hochberg also visited the PNG LNG Plant site outside Port Moresby – a project, which until recently was the largest project Exim had financed.
Hochberg says overall, despite the current global economic downturn, PNG still remains an ideal destination for investment by Exim.