The Institute of National Affairs released a private sector perspective report today in Port Moresby.
The report is a compiled effort by surveyors over a five year period on business and investment in Papua New Guinea.
Executive Director for Institute of National Affairs, Paul Barker, launched the report.
Before releasing the report, Mr. Barker briefed the media on the findings and recommendations of the survey.
Mr. Barker said the survey aims to contribute to a better understanding of the private sector’s needs and constraints to improve and enable business growth.
The report indicated law and order problems, poor infrastructure and corruption as the main obstacle of business growth.
However, Prime Minister Peter O’Neill responded to the business community last week saying the Government is tackling issues slowly to create conducive environment for businesses.
Meanwhile Mr Barker said business conditions have improved by 56%.
The report was summarized by stating that if elements of improving accountability and transparency were carried out; all other impediments would be taken care of.
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