Being Heard. The results of the 2017 survey of Businesses in Papua Gew Guinea

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Economy

Responses to the survey provide little evidence that the businesses environment is improving. PNG remains a challenging country in which to do business. • The biggest change since the 2012 survey is the difficulty resulting
from the overvalued exchange rate and lack of foreign currency availability. Foreign currency practices by the Bank of Papua New Guinea are reported as being a major impediment to the effective running of businesses and are amaging future investment and growth. Security is a large burden on businesses, amounting to 10% of total operating costs and has had a negative impact on investment decisions. Business confidence in the judiciary has declined ubstantially over the past 15 years.