The PNGDSP embodies the principles of the Constitution of PNG and reinforces the fundamental directives required to advance PNG into a middle-income country by 2030.
Background information
Report by Oxford Business Week
This report stems from a simple observation: that since Independence in 1975, Papua New Guinea’s economic and social development outcomes have not matched people’s aspirations or government promises. Indeed, despite the abundance of its riches, PNG lags behind its Pacific neighbours on many important development indicators.
The development history of PNG
The Medium Term Development Plan III (MTDP III) captures the main thrust of the Alotau Accord II and sets the Goal of “Securing our future through inclusive sustainable economic growth” by focusing on key investments to further stimulate the economic growth in the medium term. The key priorities of the Alotau Accord II are (1) inclusive Economic Growth with renewed focus in Agriculture, (2) continuing with Infrastructure development, (3) improvement of quality of Health Care, (4) improvement of quality of Education and Skills Development, and (5) improvement of Law and Order.