Sydney, July 2, 2026 (AFP) - Resource-rich PNG leaving its Pacific people behind: World Bank

NAMPA / AFP

2026-07-02

Gold and gas-driven economic growth in Papua New Guinea, the South Pacific's largest nation, is leaving its people behind, the World Bank warned in a report released on Thursday. PNG saw strong economic growth of 5.6 percent last year, up from 3.4 percent in 2024, as prices for its gold, copper and liquefied natural gas exports soared. But these industries contribute only six percent of formal jobs, and foreign-invested gas projects largely keep......

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