Papua New Guinea Economic Update, March 2023 : Unlocking the Economic Benefits of Gender Equality / World Bank Group.

Format:

Book

Author/Creator:

World Bank Group, author, issuing body.

Series:

Economic Updates and Modeling

Language:

English

Subjects (All):

Sex discrimination against women--Economic aspects.

Sex discrimination against women.

Papua New Guinea--Economic conditions.

Papua New Guinea.

Physical Description:

1 online resource.

Other Title:

Papua New Guinea Economic Update, March 2023

Place of Publication:

Washington, DC : World Bank, 2023.

Summary:

High commodity prices and the removal of COVID-19 restrictions spurred economic recovery in 2022. The government continued with fiscal consolidation to safeguard macroeconomic stability. Higher commodity prices contributed to higher inflation and stronger external balances. Economic growth is projected to slow down in 2023 due to lower global demand, supply constraints due to planned maintenance in extractive facilities and the delayed reopening of the Porgera gold mine. Further fiscal consolidation can become more challenging. As a step toward unleashing these economic benefits, the government can modernize the Employment Act and address gender-based violence (GBV) through increased enforcement of commitments and scaling-up interventions. Successful private sector initiatives that address GBV at the workplace, providing anti-harassment training and support services to those affected by GBV can be scaled-up. Similarly, interventions supporting women's employment through targeted outreach, skilling or access to networks can be sustained and expanded.

Notes:

Description based on publisher supplied metadata and other sources.

Publisher Number:

10.1596/39692