17.05.2012 - PNG’s sovereign wealth fund can be managed by Central Bank
An Australian politician says Papua New Guinea’s Sovereign Wealth Fund (SWF) can be best managed by the country’s Central Bank. Australia’s Deputy Opposition Leader Julie Bishop on Monday while addressing the 28th Australia Papua New Guinea Business Council (APNGBC) forum and trade expo in Brisbane said: “It might be good for the Central Bank to manage the SWF.” Bishop, who is also the Shadow Minister for Foreign Affairs and Trade, also advised that it would be good for Papua New Guinea Government and the committee working on the SWF to seek advice from the Monetary Authority of Singapore to effectively manage the funds...............................................Full Article: Source
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