Papua New Guinea a warning for poor nations rich in natural resources

Developing countries often do not profit from wealth lying under the ground

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20210110 Papua New Guinea LNG carrier.JPG

A LNG carrier is docked at the ExxonMobil PNG operated plant at Caution Bay, Papua New Guinea in November 2018: the local people have seen very little of the promised benefits. © Reuters

Amit Jain is a Singapore-based consultant who helps clients navigate frontier markets and fragile states. He provides technical assistance and transaction advice on upstream projects.

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