Original: Is PNG heading for a crisis? 22 February 2015
Author: Stephen Howes, ANU
Last year in Papua New Guinea was eventful, marked by a series of controversial government decisions.
In March, the government decided to take out a loan of about 3 billion kina (US$1.2 billion, about 8 per cent of GDP) to buy shares in Oil Search. The decision divided the government, and the treasurer was sacked for his opposition to it.