Header Ads

Economic Stability First: PNG’s Call for Sustainable Bougainville Independence

 Papua New Guinea’s Prime Minister, James Marape, has emphasized that economic stability must be a prerequisite for any progress toward Bougainville’s potential independence. Speaking at the inaugural consultation between the governments of PNG and Bougainville, Marape reiterated that while the national government respects the region’s aspirations for self-determination, financial self-sufficiency must be firmly established before political separation can be considered. His call for sustainable development highlights the challenges Bougainville faces, as it currently relies on external funding for 95% of its budget.

ABG Flag

During the discussions, Marape pointed out that Bougainville generates only 5% of its own revenue, making it heavily dependent on support from the PNG government and international donors. "The long-term sustainability of Bougainville must be factored into these conversations," he stated, stressing that true independence requires both political sovereignty and economic resilience. He noted that achieving fiscal independence is not only crucial for Bougainville but also essential to maintaining regional stability and prosperity.

The dialogue follows the historic 2019 referendum, in which 97.7% of Bougainville voters expressed their desire for independence. However, the final decision rests with PNG’s Parliament, which must ratify the outcome. While acknowledging the significance of the referendum, Marape urged patience, emphasizing that the process is guided by the principles of the 2001 peace agreement—a landmark accord that ended years of conflict and paved the way for two decades of peace. "This journey began with immense sacrifices, and it is our responsibility to ensure that the intentions of the peace agreement remain at the heart of our discussions," he said.

Marape also highlighted Bougainville’s untapped resource potential, calling for increased investment in local industries and infrastructure to strengthen its economic base. While the region possesses significant natural wealth, much of it remains underdeveloped due to limited capacity and investment. Strengthening these economic foundations, he argued, is vital to ensuring Bougainville can sustain itself as an independent entity.

In his remarks, Marape appealed to international partners, including the United Nations, to support a structured and peaceful transition. He reiterated that there is no constitutional deadline for resolving the issue, underscoring the need for careful deliberation. "There is no rush," he said. "Our goal must be to reach a decision that ensures peace, stability, and prosperity for both Bougainville and Papua New Guinea."

As consultations continue, both governments are working to find a balanced solution that respects Bougainville’s aspirations while safeguarding national unity and economic viability. The ongoing discussions aim to address outstanding issues related to Bougainville’s political future, paving the way for a sustainable path forward. For now, the message remains clear: economic stability must come first for Bougainville to achieve meaningful and lasting independence.

Also read

PNG Government Dismisses Claims of Hiring Nicki Minaj and Chris Brown

No comments

Thank you for visiting this web page. We would like to hear from you, feel free to comment below.

Powered by Blogger.