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...

More than 70 employees at the University of Papua New Guinea (UPNG) formed the first cohort to complete a series of Financial Basics for My Business sessions delivered by Westpac PNG in March, as part of the bank’s ongoing commitment to building financial capability across Papua New Guinea’s workforce and communities. Delivered over three days during t...

The Japan International Cooperation Agency (JICA) has appointed Shirouzu Kenichi as chief representative of its Papua New Guinea office, effective 15 April, replacing Matsuoka Hideaki, who will depart the country on 19 April to return to the agency’s headquarters in Tokyo. Shirouzu has served as senior representative (deputy chief) since April 2025 and...

Digitec PNG Financial Services Limited, trading as V-MONI; Omega Paymybills PNG Limited; and Lower OK Tedi Micro Bank Limited have officially received licence certificates from the Bank of Papua New Guinea (BPNG) on 27 February at Robert Haus in Port Moresby. Speaking at the licence presentation ceremony, BPNG Governor Elizabeth Genia described the dev...

The Asian Development Bank (ADB) has approved a $60.9 million loan to improve water supply and sanitation in urban communities in Port Moresby and Vanimo, Papua New Guinea (PNG). ADB’s financing includes a $30 million regular ordinary capital resources loan and a $30.9 million concessional ordinary capital resources loan. The Government of PNG will pro...

The Asian Development Bank (ADB) has appointed Takafumi Kadono as its new country director for Papua New Guinea, with responsibility for leading the bank’s resident mission in Port Moresby and overseeing its development engagement in the country. Kadono assumed office on January 13 and will lead the formulation and implementation of ADB’s next country ...

The Asian Development Bank has approved three projects worth a combined $275 million to expand access to finance, improve rural connectivity and boost low-carbon electricity supply in Papua New Guinea. The financing package includes support for financial sector reforms, clean energy development and road infrastructure aimed at strengthening economic ac...