Economy bleeding: Sir John

By REBECCA KUKU
THE closure of the Porgera mine, plus the delay in major projects such as the Papua Liquefied Natural Gas (PNG) and Wafi-Golpu, has adversely affected the national economy, says Kompiam-Ambum MP Sir John Pundari.
Sir John said the national economy was “bleeding”.
“What steps are the Government taking or have in plan to ensure that the economy is steered back on track?” he asked.
“What is the Government doing to resolve the foreign exchange issue facing the country?
“Is the Central Bank compromised in discharging its roles independently?
“What is the Government doing to resolve the Puma (oil supply) issue?
“Businesses and lives are affected by this ongoing saga with no clear path to an amicable solution in sight.”
Sir John told Parliament that while the Government had taken measures to contain the post-Coronavirus (Covid-19) economic effects, interventions were slow and not reaching the people. “Businesses, especially small-to-medium enterprises, are suffering,” Sir John added.
“Health facilities are running shot of essential medical supplies.
“Schools are operating without adequate government support.”
Sir John said he was one of those who supported the decision not to renew the special mining lease to Barrick Niugini Limited which forced the closure of the Porgera mine.
He asked the Government what it was doing to hasten the re-opening of the Porgera mine, Papua LNG and Wafi Golpu projects.
Prime Minister James Marape advised Sir John to put in writing the points raised and send them to his office.