Loi Bankani

Strategy to look at SME financial literacy

Following the launching of the Second National Financial Inclusion Strategy 2016 – 2020 yesterday, Bank of PNG Governor, Loi Bankani, said SMEC was an important stakeholder in the financial inclusion exercise and have been considered in the plan.

He said it was a Government priority to boost the SME sector in PNG and has been identified as a key element of their strategies.

The NFIS 2016- 2020 identifies SME Finance as a ‘Strategic Objective’ number six with an access to and usage of finance SME’s.

This is done through: