Sovereign Wealth Fund - Administrative Secretariat

Government to enact the Sovereign Wealth Fund Secretariat

Bank of Papua New Guinea Monetary stated in its Policy Statement for the month of September 2016

“The Bank has sought external technical assistance to establish the Administrative Secretariat of the SWF.

“A technical report on the assessment of existing capacity in managing the assets and possible models for the establishment of the Secretariat was completed in July 2016. The Bank is now working on developing a suitable model for the establishment of the Secretariat,” the statement read.