| The Government will announce the establishment of the Sovereign Wealth Fund board to manage the Fund in early 2017. Treasurer Patrick Pruaitch, when delivering his 2017 Budget speech in Parliament yesterday, said an independent firm has been engaged to carry out a comprehensive executive search in the domestic and international labour market. This is to identify and recommend suitable candidates for appointment as chairman and members of the PNGSWF board.
He said the SWF board’s primary focus in the short term will be to develop a framework and arrangements for Fund Investment. It will also include the establishment of the administrative secretariat to support its operational and administrative functions...........................................Full Article: Source
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