World Band
p. 130 · Read in the full issue
Survey Of
P-Ng
Mr. Kenneth R. Iverson head a mission from the I national Bank for Reconstnu
and Development to Papua
New Guinea about the midd this year. mission will make a cor hensive review of the econ potentialities of P-NG.. Its re mendations will be designed to the Government to plan a dev ment programme to expand stimulate the economy and thus the standard of living of the pe said the Australian Minister Territories, Mr. Paul Hasluck March.
Mr. Hasluck said the parti tasks of the mission would be: • To assess the resources o Territory and the factors affe economic growth; • To assess as far as practii the amount of capital likely t« available to the Territory approximately the next five ai half years from internal and ( sources; • To examine the effect of cu policies and measures on the devi ment of the economy and i recommendations they con necessary or desirable to secure most effective rate and patten development in both the public private sectors; and • To recommend in broad on the allocation of resources likel be available for investment in various sectors of the economy.
Mr, Hasluck said he expe other members of the missior include experts in general econ< development and in specialised f such as agriculture, industry, ti port, health and education. S would be from inside the bank some from outside it.
He said the Australian Governr welcomed the bank’s decision, bank had had long experience conducting general economic vestigations, and reports of its su missions had always been of siderable value to the governm concerned. Development in P was now at a stage where a com hensive review of the economy c; be particularly useful for fu planning.