World News: 08:16 GMT Sunday 26th May 2019. [Yahoo Business News Feed via SPi World News]
'I am announcing today that I am stepping down as the Prime Minister of the Independent State of Papua New Guinea,' O'Neill said in an emailed statement. O'Neill, who handed the reins of power to former prime minister Sir Julius Chan, said the change of leadership will allow the country to 'continue the reform agenda that we have been delivering.' Political instability is something of a fixture in the resource-rich but poverty-stricken South Pacific nation and O'Neill, who has been leader since 2011, has seen off previous attempts to topple him. O’Neill had resisted calls to resign for weeks but his opponents said on Friday they had mustered enough support in parliament to oust him over a range of grievances including a gas deal with France's Total, which critics have questioned.
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