In a statement, Sir Mekere said he was surprised the IFC would even consider such a loan.
“The Prime Minister cannot borrow his way out of the problems he has created.
“The budgetary and financial problems the country is facing will not be cured by band-aids such as this. In fact it will only make matters worse.”
He said O’Neill’s justification for the loan is a lack of foreign exchange, which is crippling business and commerce and leading to increased hardship for ordinary Papua New Guineans such as job losses, rising prices and a collapse in service delivery.