The Bank of Papua New Guinea (BPNG) officially announced on 2 February the appointment of Sir Robert Igara, KBE, CMG, as chairman of its Board of Directors, effective December 23, 2025.
BPNG Governor Elizabeth Genia welcomed the appointment in a statement, describing Sir Robert’s experience and leadership as significant assets to the institution.
“We are privileged to welcome Sir Robert as chair. His extensive experience within the public sector and his deep understanding of our legislative framework are invaluable assets as BPNG continues its modernisation journey,” Genia said.
She added that she looks forward to working closely with Sir Robert, Mr Baker and the Board to ensure the Bank remains a robust, transparent and effective institution serving the people of Papua New Guinea through 2026 and beyond.
Sir Robert succeeds David Toua, OBE, whose term concluded in late 2025. The Bank expressed its sincere appreciation to Mr Toua for his leadership and contributions during his tenure as chairman.
According to BPNG, Sir Robert brings more than 40 years of experience in senior public service, diplomacy and financial governance. He is a former Chief Secretary to the Government and has also served in distinguished diplomatic postings in Canberra and Suva.
He has a strong understanding of the Bank’s regulatory environment, having chaired the Independent Advisory Group that oversaw the 2021 and 2024 amendments to the Central Banking Act.
In addition to his role at BPNG, Sir Robert serves as Chancellor and Chairman of the Council of the University of Papua New Guinea and holds several key leadership positions within the PNG business community. He has been a member of the BPNG Board since early 2025 and previously served on the Board in 2005.
Sir Robert holds academic qualifications in Economics, International Law and Business Administration, and is a member of the Australian Institute of Company Directors.
His appointment underscores the central bank’s continued commitment to strong governance and strategic oversight. His leadership is expected to support policies that foster economic growth, strengthen investor confidence and ensure the country’s banking sector continues to play a pivotal role in broader business and economic development.
