PNG LOSES $25 MILLION OF EU SUPPORT

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PORT MORESBY, PNG (PNG Post-Courier, Aug. 2) – The loss of K75 million (US$25.3M) of European Union Development Assistance to Papua New Guinea came under fire in Parliament on Friday.

Anglimp-South Wahgi MP Jaimie Maxtone-Graham expressed disgust at the manner in which MPs had remained quiet over the issue since its announcement by Minister for Foreign Affairs Sir Rabbie Namaliu.

Mr Maxtone-Graham said during Question Time the reduction of K74.8 million grant funding from PNG’s national indicative program under the ninth EDF (2002-2007) indicated that something was "terribly wrong’’ on PNG’s performance in the drawdown of EDF financial resources — and the implementation of the approved development projects and programs in the country.

He called for an investigation to be launched for the Departments of Treasury/Finance and National Planning as well as the European delegation to ascertain the actual reasons why PNG’s performance had fallen so dramatically since 1999.

"I am very disappointed that all the members of Parliament have remained silent on this matter," Mr Maxtone-Graham said.

He said the loss of this substantial grant required answers from those responsible.

Tuesday, August 2, 2005

Papua New Guinea Post-Courier: www.postcourier.com.pg/

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