Loan repayments

PNG defaults in loan repayment

 Former Prime Minister and Member for Ialibu Pangia Peter O'Neill revealed this in a recent statement.

He added that PNG will continue to default until it reaches unbankable status and require international bailout. 

O'Neill also mentioned that the Government's stimulus package is not working. 

“When a full accounting for use of the K5.7 billion COVID stimulus package is finally out, if at all, this country will know what manner of individuals they have been supporting in Government," he said.