| From Smh.com.au: Papua New Guinean Prime Minister Michael Somare is expected to recommit his government to establishing a sovereign wealth fund to invest the millions of dollars that will flow from its resources projects when he opens the 11th PNG Mining and Petroleum Investment Conference in Sydney today.
But the PNG Chamber of Mines and Petroleum says any sovereign wealth fund needs to be coupled with the implementation of the Extractive Industries Transparency Initiative (EITI) so that revenues in and out of government can be clearly monitored..............................................Full Article: Source
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