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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Government to enact the Sovereign Wealth Fund Secretariat

Posted on 06 October 2016

The National Government is expected to formalise the establishment of the Administrative Secretariat of the Sovereign Wealth Fund (SWF) of Papua New Guinea at the Central Bank. “The Bank has sought external technical assistance to establish the Administrative Secretariat of the SWF.”
The proposed Sovereign Wealth Fund of PNG will be a PNG Government owned investment fund or entity. The SWF will ensure revenue from non-renewable resources are well managed, equitably distributed and used sustainably to improve socio-economic indicators of PNG………………………………….Full Article: Source


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