Abel On US$100 Million

Source: Post Courier Online

BY GORETHY KENNETH

The Government is well advanced in implementing the 100 day, 25 point plan, Deputy Prime Minister and Treasurer Charles Abel said.

Abel, speaking from Washington D.C. where he is attending the Annual Board of Governors meeting of the World Bank and International Monetary Fund has noted the 50 day mark of the 100 Day, 25 Point Plan as of the 13th of October 2017.

The Bank of PNG has made a US$100m intervention into the FOREX market and the Napanapa Refinery is purchasing 50% of its crude oil needs from Oil Search in Kina.

Separately the US$395m budget for the health sector and the US$1bn concessional loan for the Highlands Highway from the ADB is well progressed.”

“The Supplementary Budget has been passed and we are completing the 2018 Budget for the November parliamentary session,” said Abel

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