Posts

Showing posts with the label special economic zones

Why is the World Bank washing its hands of PMIZ?

PNGEXPOSED

The International Finance Corporation, part of the World Bank, has recently published an information sheet about its support for the development of Special Economic Zones in Papua New Guinea. The information sheet concludes with remarks about the proposed Pacific Marine Industrial Zone (PMIZ) in Madang. “Is IFC involved with the Pacific Marine Industrial Zone? No” says the information sheet Then, to make it quite clear, it reiterates “IFC has not been involved with any of the arrangements for the PMIZ.” This is a far cry from the information the  IFC was putting out in June 2009 when it confidently declared its SEZ strategy for PNG… will also address the government’s plan to establish the Pacific Marine Industrial Zone promoting investment in onshore processing of regionally caught tuna.  The project made an important step forward yesterday when the PMIZ project’s National Management Committee and Technical Working Group, along with IFC representatives and members of the pr…

Why is the World Bank washing its hands of PMIZ?

PNGEXPOSED

The International Finance Corporation, part of the World Bank, has recently published an information sheet about its support for the development of Special Economic Zones in Papua New Guinea. The information sheet concludes with remarks about the proposed Pacific Marine Industrial Zone (PMIZ) in Madang. “Is IFC involved with the Pacific Marine Industrial Zone? No” says the information sheet Then, to make it quite clear, it reiterates “IFC has not been involved with any of the arrangements for the PMIZ.” This is a far cry from the information the  IFC was putting out in June 2009 when it confidently declared its SEZ strategy for PNG… will also address the government’s plan to establish the Pacific Marine Industrial Zone promoting investment in onshore processing of regionally caught tuna.  The project made an important step forward yesterday when the PMIZ project’s National Management Committee and Technical Working Group, along with IFC representatives and members of the pr…