Business struggles and coping strategies in Papua New Guinea during COVID-19 pandemic: Evidence from
1 November 2022
The study recommends government intervention to avail the right, sufficient and easy-to-understand information to the businesses using authorised channels, subsidised loans or provision of incentives to the financial institutions offering the low interest loans and, conducting interactions between clients/customers and employees to be able to map the way forward with reference to the demand and su. [...] In light of the above, the purpose of this study is to analyse data collected from a survey of business owners and managers in PNG, with a view to identify and better understand the struggles of businesses and how they copped during the COVID-19 pandemic period in PNG. [...] Figure 23: What the business did to help reduce the spread of the coronavirus The respondents were asked to indicate the number of interactions that needed to be conducted between clients/ customers and employees in the same physical location. [...] With reference to the challenges that their business faced the most and for which they required support to survive the COVID-19 pandemic situation, majority of the businesses indicated access to capital/funding and cashflow to be the biggest challenges the businesses expected to encounter in the following six months or so. [...] To help the businesses adapt to the coronavirus (COVID-19) pandemic, it would be paramount for the government to avail the right, sufficient and easy-to-understand information to the businesses using authorised channels to enable the owners to make right choices.