The Bank of Papua New Guinea and 15 financial institutions have signed the PNG Empower Finance Code, committing to identify and reduce the ways financial products and services can be used to control, exploit or harm customers. The voluntary Code was signed on the margins of last week's Alliance for Financial Inclusion Global Policy Forum in Port Mores...

Westpac PNG has signed the PNG Empower Finance Code, becoming a founding signatory to the voluntary, principles-based code aimed at strengthening the financial sector’s prevention of and response to financial abuse. Signed at a ceremony in Port Moresby, the code reflects a shared commitment among participating financial institutions to improve financia...

The National Superannuation Fund (Nasfund) has signed the PNG Empower Finance Code alongside the Bank of Papua New Guinea (BPNG) and 14 other financial-sector institutions, establishing a unified industry approach to combating financial abuse, coercion and product misuse in Papua New Guinea. The code was signed at the Crown Hotel in Port Moresby, marki...

Eleven Papua New Guinean small and medium-sized enterprises (SMEs) have each received about K22,000 in seed funding to develop innovative, climate-resilient business solutions, providing a boost to the country’s emerging green economy. The funding was awarded under the PNG Greenpreneurs initiative, supported by the Australian government through the PNG...

The Centre for Excellence in Financial Inclusion (CEFI) and Credit Guarantee Corporation PNG (CGC) have signed a memorandum of understanding to strengthen financial literacy, business capability and access to finance for micro, small and medium-sized enterprises across Papua New Guinea. The agreement formalizes an existing partnership between the two o...

Papua New Guinea has secured approval for a major biodiversity conservation project under the Global Biodiversity Framework Fund (GBFF), a move expected to strengthen community-led conservation efforts and support the country's commitments under the Kunming-Montreal Global Biodiversity Framework. The project, titled "Empowering Indigenous Peoples and L...

The New Ireland Provincial Government has committed K1.5 million to support women entrepreneurs and expand financial inclusion across the province through a new partnership with Women's Micro Bank Limited under the Empowering Mama Bilas Peles Program. The funding commitment was announced by New Ireland Governor Byron Chan during the program's official ...

France has strengthened its support for Papua New Guinea's green economy with a EUR15 million (approximately K75 million) commitment aimed at expanding green lending for small and medium-sized enterprises (SMEs), renewable energy projects, sustainable agriculture and other environmentally responsible investments. The commitment was formalised on May 27...

Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia called for urgent action to translate green finance policies into investment, warning that climate change is already affecting communities across Papua New Guinea. Speaking at the opening of the 2026 Green Finance Summit in Port Moresby on May 27, Genia said the country must move beyond discussio...

Papua New Guinea will gain access to approximately $163 million in new financing after the Executive Board of the International Monetary Fund approved reviews of the country's lending arrangements under its ongoing economic reform programme. The IMF said completion of the sixth review of Papua New Guinea's Extended Fund Facility and Extended Credit Fac...

Papua New Guinea has launched a $63.4 million climate finance project aimed at protecting its forests while supporting sustainable livelihoods for communities across the country. Funded by the Green Climate Fund, the results-based payments program recognizes Papua New Guinea's verified reduction of 17 million tonnes of carbon dioxide equivalent between...

France has reaffirmed its long-term economic, environmental and security commitment to the Pacific, outlining major investments and regional partnerships aimed at strengthening ocean governance, fisheries protection and the blue economy during the opening of the Melanesian Ocean Summit, held from May 11-14 in Port Moresby. Speaking at APEC Haus on May ...

BSP PNG | BSP says small and medium-sized enterprises (SMEs) need to build capability to take full advantage of the opportunities that will be created through the coming super-cycle of PNG resource projects. Speaking at the 41st Australia Papua New Guinea Business Forum Conference in Brisbane, BSP Head of Business Banking Raymond Logona said building c...

China has reaffirmed its commitment to supporting Papua New Guinea’s disaster response and recovery efforts, highlighting years of humanitarian assistance and future cooperation opportunities in disaster management, energy transformation, and emergency response technologies. The commitment was reiterated during a handover ceremony for humanitarian cash...

TISA Bank’s launch of direct Chinese yuan (CNY) settlement in early 2026 marks a significant milestone for Papua New Guinea’s financial landscape. The introduction of direct CNY settlement strengthens bilateral economic relations and supports Papua New Guinea’s fiscal stability. The move also aligns with broader diplomatic efforts to deepen ties with C...

Papua New Guinea’s aviation sector is entering a new phase of modernization with the groundbreaking of a six-storey, state-of-the-art air traffic control (ATC) tower at Goroka Airport in Eastern Highlands Province on April 30. The K15.7 million project, funded through the Asian Development Bank’s Civil Aviation Development Investment Programme Phase II...