All Countries and All Sectors

Since ancient times, Asia and Africa have given birth to, and spread throughout the rest of the world, a variety of ideas and religions. The spirit of generosity, one that cherishes diversity among us, is an important common asset we should be proud of.

Although the Port Moresby Stock Exchange ( POMSox) has been capable of offering debt instruments for some time, the debt market is largely undeveloped in Papua New Guinea. The government’s local-currency issues are illiquid, it has not yet issued an international bond and there is currently only one corporate debt instrument on the POMSoX. There is little available...

Of all the sub-sectors within Papua New Guinea’s financial system, the capital markets are the least mature. The banks are strong, growing and becoming increasingly competitive. The insurance sector has been active for more than a century and is substantial for a developing country. The superannuation funds are large, stable and vital to PNG society. On the other hand,...

With a strong economy in recent years, the GDP growth rate rose to a high of 8.9% in 2011, after stagnating in the early 2000s, only to fall back in 2013 to around 5% and then rise again to more than 8.4% in 2014, according to the Bank of Papua New Guinea (BPNG), the central bank. Construction work on the PNG liquefied natural gas (LNG) project...

The banking sector in Papua New Guinea is sound, growing and remarkably profitable. Its largest and only publicly traded institution, BSP, reports return on equity 10 percentage points higher than the large Australian banks, which are among the most profitable in the world. Continued expansion is expected. With 80% of the country unbanked,...