In this piece prepared for Business Advantage PNG, Elizabeth Genia, Governor of the Bank of Papua New Guinea, sets out the central bank’s work to keep prices stable, broaden financial inclusion and drive reforms of the financial sector – while also keeping an eye on emerging new challenges to the economy.
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Papua New Guinea has a high level of mobile phone penetration, but Tony Westaway, Chief Executive of MiBank, believes the country has significant barriers to overcome if it is to achieve optimum financial inclusion in the digital age. He outlines some of the issues to Business Advantage PNG.