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Investor Presentaiton

In general: - Summary development in the island of Papua is progressing However: - (1) Papua's economy after the provincial split has been stagnant, (2) poverty in rural areas is still high, (3) other welfare indicators also show that development challenges are still immense Possible explanations: Issue 1: Heavy reliance on NR → other sectors grew slowly (Manning & Rumbiak, 1989) When NR drops, the economy is affected Issues 2 & 3: besides the initial condition High population growth in rural areas Fundamental: low level of education and infrastructure and health facilities (Mollet, 2007) Fiscal effectiveness (Resosudarmo et al., 2009) Urban bias development (Manning & Rumbiak, 1989) Effective targeting EYE

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