Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use. Major obstacles are political will, technical know-how, and defining a clear purpose and vision. PNG is still some years away from achieving the...
Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use. Major obstacles are political will, technical know-how, and defining a clear purpose and vision. PNG is still some years away from achieving the...