KONTAN.CO.ID - MELBOURNE. Australia on Saturday said it would provide a loan of $300 million as direct budget assistance for the Pacific island of Papua New Guinea and aid its economic reforms and government financing. Australia’s ties with PNG and other small, developing countries in the Pacific have gained significance as China expands its influence in a region dominated by the United States and its allies since World War Two. Baca Juga: New Zealand central bank holds rates, clips doves' wings as kiwi soars
Australia gives $300 million loan to Papua New Guinea
KONTAN.CO.ID - MELBOURNE. Australia on Saturday said it would provide a loan of $300 million as direct budget assistance for the Pacific island of Papua New Guinea and aid its economic reforms and government financing. Australia’s ties with PNG and other small, developing countries in the Pacific have gained significance as China expands its influence in a region dominated by the United States and its allies since World War Two. Baca Juga: New Zealand central bank holds rates, clips doves' wings as kiwi soars