Today, Deputy Prime Minister and National Treasurer, Charles Abel, addressed the Mining & Petroleum conference, saying the Fund is a critical part of PNG’s medium term strategy in building the country’s economic resilience and saving for future generations.
The National Treasurer addressed a packed conference room, of the government’s observations on the mining and petroleum sector.
The notion to set up a Sovereign Wealth Fund stems from four key characteristics that shape how the government should think in driving the sector.
