WORLD BANK EXPRESSES CONFIDENCE IN PNG

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PORT MORESBY, Papua New Guinea (November 6, 2000 – Radio Australia)---The World Bank has expressed confidence in the Papua New Guinea government's economic management and reform programs.

The World Bank currently has nine active projects in PNG worth about $300 million.

Continued funding is dependent on the government implementing economic and political reform measures.

The World Bank's Vice President for East Asia and the Pacific, Jemal-ud-din Kassum, said PNG is performing well, despite the government's failure last week to steer its political reform bill through Parliament.

Mr. Kassum said the World Bank has confidence in the PNG government and in Prime Minister Sir Mekere Morauta.

"We were very impressed by the level of commitment of the Prime Minister and his colleagues. And his leadership has been very very key in maintaining the momentum of reforms and we continue to support his efforts, as do many others.

"We have every expectation that his efforts will be successful," Mr. Kassum said.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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