SOMARE SAYS PNG MAY GO IT ALONE WITH FORESTRY

admin's picture

MELBOURNE, Australia (Radio Australia, Mar. 17) - Papua New Guinea's prime minister, Michael Somare, reportedly says new forestry projects could make up for lost funds if the World Bank cancels its Forestry Conservation Program.

The US$50 million program was suspended by the bank last year after disagreements with PNG over conditions of the program.

According to news agency AFP, Negotiations to restore the project are continuing, but Somare has indicated Port Moresby may be prepared to go it alone with forestry projects.

"With three projects, four projects, we can raise more money than the money we've been waiting for," he said. "That's why I have made it my position and my decision that we're going ahead with felling of logs."

March 17, 2004

Radio Australia: www.abc.net.au/ra

 

Rate this article: 
No votes yet

Add new comment