IF THE road to hell is paved with good intentions, then the latest World Bank loan is the latest paver laid on that road by the O'Neill government.
I'll leave it to the reader to determine if the intentions are good or bad. (Although I notice more than 200 PNG Attitude readers seem to have already made up their minds, marking as noteworthy Sir Mekere Morauta’s critical comments on this loan.)
Seldom has there been a worse steward of the country's finances than the current Papua New Guinean government.
It has the instincts of the very worst sort of government, which seeks to delay the day of reckoning of its fiscal profligacy by simply borrowing even more money to squander in a futile effort to remedy an irredeemable situation. Think of Greece here.