The role that many sovereign wealth funds (SWFs) play in national economic policy has changed dramatically as a result of the pandemic, giving rise to questions about their future.
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Articles & Analysis | Will reforms boost insurance penetration in Papua New Guinea? from The Report: Papua New Guinea 2020
Papua New Guinea’s insurance market is closely indexed to the country’s economy, which prior to the Covid-19 outbreak in early 2020 had been projected to grow at an average of 3% per year through to 2022. However, the pandemic effectively shuttered PNG for several months, and reduced global demand for the commodities that drive its export...
Interviews & Viewpoints | Jeremy Norton, General Manager, Tower Insurance: Interview from The Report: Papua New Guinea 2020
How has pressure on the global reinsurance price impacted Papua New Guinea’s insurance sector?
Articles & Analysis | Will mobile insurance boost inclusion in Papua New Guinea? from The Report: Papua New Guinea 2020
Since Prime Minister James Marape took office in May 2019, the government has continued to implement a number of strategies aimed at increasing the accessibility of financial services. The National Financial Inclusion Strategy 2016-20 seeks to promote digital services and more inclusive insurance, while the Financial Sector Development...
Interviews & Viewpoints | Loi Bakani, Governor, Bank of Papua New Guinea (BPNG): Interview from The Report: Papua New Guinea 2020
Articles & Analysis | Will entrepreneurship boost employment in Papua New Guinea? from The Report: Papua New Guinea 2020
Small and medium-sized enterprises (SMEs) in Papua New Guinea currently generate 0.8% of exports and account for 6% of GDP. However, policymakers see substantial opportunities in providing these smaller companies with enhanced institutional and financial support. Indeed, the government estimates that SMEs have the potential to generate more...