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Quick Loans News

Png Links Strained By Cheap Loans

Saturday July 3, 1999

PORT MORESBY, FRIDAY Australia's ties with Papua New Guinea came under intense pressure tonight with disclosures that the embattled Prime Minister, Mr Bill Skate, is trying to salvage PNG's foundering economy with cheap Taiwanese loans in exchange for diplomatic recognition. The Foreign Minist

Skate Warned Against Loans Lure

Saturday July 3, 1999

Australia cautioned Papua New Guinea yesterday after disclosures that the embattled Prime Minister, Mr Bill Skate, is trying to salvage PNG's floundering economy with cheap Taiwanese loans in exchange for diplomatic recognition. Taiwan, stifled by China's diplomatic embargo, denied the move yeste

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