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 PNG Department of National Planning & Monitoring

From Wealth to Wellbeing: Translating Resource Revenue into Sustainable Human Development Papua New Guinea

 PNG Department of National Planning & Monitoring

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.

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 PNG Department of National Planning & Monitoring

Vision 2050 is underpinned by seven Strategic Focus Areas, which are referred to as pillars:

  • Human Capital Development, Gender, Youth and People Empowerment
  • Wealth Creation
  • Institutional Development and Service Delivery
  • Security and International Relations
  • Environmental Sustainability and Climate Change
  • Spiritual, Cultural and Community Development; and
  • Strategic Planning, Integration and Control
 PNG Department of National Planning & Monitoring,  PNG Department of Agriculture and Livestock

Oil palm prices may hold up in the medium term, with strong demand from India and China. Yet, like other non-oil commodities, oil palm prices are likely to remain volatile, and to experience a long term relative price decline. (Chapter 3)

Report for the Centre for Environmental Law and Community Rights on the economic prospects for small farmers in PNG’s oil palm industry