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Struggle, Reform, Boom and Bust

Acronyms and disambiguation

ADB

Asian Development Bank

AIDAB

Australian International Development Assistance Bureau

ANU

The Australian National University

ATM

automated teller machines

AusAID

Australian Agency for International Development

BCL

Bougainville Copper Ltd

BNL

Barrick Niugini Limited

BPNG

Bank of Papua New Guinea

BRA

Bougainville Revolutionary Army

BSP

Bank of the South Pacific

CBB

central bank bills

CLRC

Constitutional and Law Reform Commission

CPI

consumer price index

CRR

cash reserve requirement

DAL

Department of Agriculture and Livestock

DDA

District Development Authority

ECP

Enhanced Cooperation Program

EDF

Electoral Development Fund

FASU

Financial Analysis and Supervision Unit

FRA

Fiscal Responsibility Act

GDP

gross domestic product

GFC

global financial crisis

GIWPS

Georgetown Institute for Women, Peace and Security

GNI

gross national income

GoPNG

Government of Papua New Guinea

GST

general sales tax

HDI

Human Development Index

ICCC

Independent Consumer & Competition Commission

IDA

International Development Association

ILG

Incorporated Land Groups

IMF

International Monetary Fund

INA

Institute of National Affairs

IPA

Investment Promotion Authority

IPBC

Independent Public Business Corporation

IRDP

integrated rural development projects

KCH

Kumul Consolidated Holdings

KFR

Kina Facility Rate

KPHL

Kumul Petroleum Holding Limited

LGL

Lihir Gold Limited

LNG

liquefied natural gas

MCC

Millennium Challenge Corporation

MLAR

minimum liquid asset ratio

MP

member of parliament

MRDC

Mineral Resources Development Corporation

MRSF

Mineral Resources Stabilisation Fund

NCD

non-communicable disease

NDS

National Development Strategy

NEER

nominal effective exchange rate

NGO

non-government organisations

NIDA

National Investment Development Authority

NPEP

National Public Expenditure Plan

NRA

National Roads Authority

NRI

National Research Institute

NSO

National Statistical Office

OLIPPAC

Organic Law on the Integrity of Political Parties and Candidates

OLPG

Organic Law on Provincial Governments

OTML

Ok Tedi Mining Company Ltd

PACER

Pacific Agreement on Closer Economic Relations

PEFA

Public Expenditure and Financial Accountability

PNG

Papua New Guinea

PNGBC

Papua New Guinea Banking Corporation

PNGFA

Papua New Guinea Forest Authority

PNG FIU

Papua New Guinea Financial Intelligence Unit

PPP

People’s Progress Party

PRIO

Peace Research Institute Oslo

PSC

Public Services Commission

READ

Resources, Environment and Development

REER

real effective exchange rate

RNZ

Radio New Zealand

RRT

Resource rents tax

SABL

Special Agricultural and Business Leases

SARV

sorcery-accusation-related violence

SDP

Sustainable Development Program

SEZ

special economic zones

SGS

Societé Generate de Surveillance

SOE

state-owned enterprise

SWF

sovereign wealth fund

TI

Transparency Index

TPA

Tourism Promotion Authority

TRP

tariff reduction program

UPNG

University of Papua New Guinea

US

Unites States

VAT

value-added tax

WGI

Worldwide Governance Indicators

WHO

World Health Organization

WTO

World Trade Organization


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Updated:  11 August 2026/ Responsible Officer:  / Page Contact: