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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Papua New Guinea: Sovereign wealth fund to have independent board

Posted on 09 December 2011

The Sovereign Wealth Fund (SWF) will have an independent SWF Board that will comprise of seven members, all independent except for one, an ex-officio member — the Secretary for the Department of Treasury.
Anthony Yauieb said the SWF is owned by the independent state of Papua New Guinea for the benefit of the people of PNG. “The PNG SWF will have a single governance framework for the Government to manage a Stabilisation Fund and a Development Fund,” Mr Yauieb said………………………………………..Full Article: Source


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