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PNG WHERE YOUR KINAS BUYS MORE

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by  Therow Zuaru ‎ The economy of the world and the way money is valued, is one of the biggest scams of the universe. Money and wealth are naturally backed by mineral resources, land, and basically physical commodities such as precious metals. But in Papua New Guinea, it is not so. It has created a view on national success as putting priority budget areas on financial assistance. It is amusing to watch our politicians continue to become researchers researching into international financial schemes like WB, IMF, Exim Bank, ADB, EU, Ausaid, UBS, EU for soft loans development funds, financial aid to survive. Virtually for almost 45 years these financial institutions have been the proud sponsor for Papua New Guinea existence. Papua New Guinea has been recipient of foreign assistance since independence and prepare our budgets factoring the aid dynamics into them. Important issue we must look at is the financial assistance has obviously been a primordial source of income for many Papu