"Only a more rapid depreciation of the currency or a rise in business confidence among local businesses and foreign investors is likely to lead to increases in supply of foreign currency," said Mr Flanagan. Papua New Guinea warns that its government revenues for 2015 came in 21 % below expectations due to an oil price slump , the worst drought since 1975 and ballooning budget deficit , resulting in the country seeking a World Bank loan of $ 300 m to solve its financial crisis . However , analysts warn that securing an IFC loan will not solve Papua New Guinea 's financial crisis .
Papua New Guinea warns that its government revenues for 2015 came in 21 % below expectations due to an oil price slump , the worst drought since 1975 and ballooning budget deficit , resulting in the country seeking a World Bank loan of $ 300 m to solve its financial crisis . However , analysts warn that securing an IFC loan will not solve Papua New Guinea 's financial crisis .