Australia willing to assist PNG on debt refinancing – minister
By Editor - Tue Aug 13, 12:34 am
Australia is willing to help Papua New Guinea (PNG) refinance its national debt, Minister for the Pacific Alex Hawke said on Tuesday, as Canberra moves to counter what it sees as China’s efforts to increase its influence in the South Pacific nation. PNG Prime Minister James Marape’s office said last week that he had asked China to refinance the 27 billion kina ($7.8 billion) debt.
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