In the case of Papua New Guinea, there are relatively limited credit and supplementation institutions and financial institutions that are willing to provide credit to small and medium enterprises. The problem is even harder for the government-funded credit and supplementation institutions like the Rural Development Bank to meet these credit needs because of the limited annual appropriation in the budget for this purpose.
South Asia is still way behind the East Asian countries on almost all economic and social indicators. Although we started from the same place the divergence over the last forty years has created enormous disparities in the per capita income growth, incidence of poverty, share in global trade, adult literacy, enrolment ratios, status of females, health and well being, physical infrastructure, etc.