Content type

Progress On Major Resource Projects Key To PNG's Growth Outlook

Country Risk / Guinea / Mon 27 Feb, 2023

Key View

  • We at Fitch Solutions maintain our forecast for real GDP growth to register at 4.5% in 2023, up slightly from an estimated 4.2% in 2022.
  • Despite a weakening global macroeconomic backdrop, we believe growth in PNG will be sustained by robust export growth and a recovery in investment activity.
  • However, the country's medium-term
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Bank Of PNG To Maintain Accommodative Policy Stance In 2022

Country Risk / Guinea / Fri 29 Apr, 2022

Key View

  • We at Fitch Solutions expect the Bank of Papua New Guinea (BPNG) to maintain a supportive monetary policy stance during 2022 despite rising inflationary pressures.
  • The BPNG's mandate was expanded in December 2021 to include supporting economic growth and employment as key objectives alongside price stability, reducing the
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PNG: Growth To Strengthen In 2022, But Headwinds Remain

Country Risk / Guinea / Thu 06 Jan, 2022

Key View

  • We at Fitch Solutions expect real GDP growth in Papua New Guinea to accelerate to 4.4% in 2022, from an estimated 1.5% in 2021.
  • Our view is that stronger growth will be supported by the planned reopening of the Porgera gold mine and public investment via the 'Connect PNG' program.
  • However, low vaccinations rates leaves the
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New Projects To Drive Robust LNG Growth In Papua New Guinea

Oil & Gas / Guinea / Fri 12 Nov, 2021

Key View

  • Papua New Guinea (PNG)’s 2021 LNG output is set to come in higher than anticipated finishing the year at 11.4bcm.
  • The medium-to-long term outlook for the LNG sector from an output growth perspective is still bullish.
  • In addition, a number of stalled projects are showing signs of making progress, offering upside risk to output
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New Project Announcements To Boost Production Despite Risks

Mining / Guinea / Tue 10 Oct, 2017

BMI View: Guinean bauxite production will witness solid growth over the coming years as a number of new projects come online, prompting an upside revision to the country's bauxite forecasts. Ongoing political instability and US sanctions on producer Rusal will, however, pose key downside risks ahead.

Guinea's bauxite production grew by almost 50

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