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

Papua New Guinea: Work on establishing SWF progressing: Secretary

Posted on 05 October 2016

Treasury Secretary Dairi Vele says work on the establishment of a sovereign wealth fund for Papua New Guinea is progressing well. “There are no impediments on the operationalisation of the sovereign wealth fund (SWF),” Vele sad. “The work is progressing very well.”
He said the enabling law, known as the Organic Law on Sovereign Wealth Fund, was approved by Parliament in July last year. He said only certain parts of the law were in operation………………………………………Full Article: Source


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