IB2015/45 The Six Billion Kina Answer

At a recent Australian National University workshop, a speaker claimed that China’s Export-Import (Exim) Bank had offered a 10 billion kina loan to Papua New Guinea (PNG), and that this had materialised in the form of a six billion kina loan to rebuild the Highlands Highway. In 2012, I wrote the Six Billion Kina Question, wondering what was likely to come of this loan. The story of this loan — which three years later is still a chimera — is the subject of this In Brief.