21.11.2011 - PNG to tighten sovereign wealth fund management law
The national government is adamant in preventing mismanagement of funds by tightening the Sovereign Wealth Fund (SWF) management law, Prime Minister Peter O’Neill said last week. He said that last Friday when officiating at the opening of the Mataure Rabaul Microfinance Ltd office in Rabaul town, East New Britain. "We have had world class mines like Bougainville, Ok Tedi and continue to have Lihir but revenues have been mismanaged as such and we don’t have any money now," he said...............................................Full Article: Source
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