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Total (gross) government debt as a percent of GDP by IMF. Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the ...
The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. [ 18] However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. [ 19] It is dominated by the agricultural, forestry, and fishing sector and the minerals and ...
Climate change can also be used more broadly to include changes to the climate that have happened throughout Earth's history. [38] Global warming—used as early as 1975 [39] —became the more popular term after NASA climate scientist James Hansen used it in his 1988 testimony in the U.S. Senate. [40] Since the 2000s, climate change has ...
The first major gas project was the PNG LNG joint venture. ExxonMobil is operator of the joint venture, also comprising PNG company Oil Search, Santos, Kumul Petroleum Holdings (Papua New Guinea's national oil and gas company), JX Nippon Oil and Gas Exploration, the PNG government's Mineral Resources Development Company and Petromin PNG ...
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