At the risk of some oversimplification, I think there have been two basic types of economic crisis. The old-style economic crisis I will call Type I, and the new-style, which has come to prominence over the past decade, I will call Type II. Most of these crises occur in developing countries, but developed ones have not been immune from them.
The Bank of PNG is also supportive of the Government’s initiatives to promote export driven economic growth strategy through removal of impediments to trade and investment.