APEC Conference

Papua New Guinea says it was a ‘terrible mistake’ to buy $5.6M in cars to impress world leaders

Papua New Guinea — which is one of the poorest nations in Southeast Asia, with an average GDP per capita of $2,613 — dropped a mind-boggling $5.6 million on a fleet of luxury cars to impress regional leaders during a 2018 conference.

Nearly three years later, the country admits the shallow purchase was a “terrible mistake” and is trying to recoup its losses by offloading the multiple Maseratis at a hefty loss.