Press Release

The APEC Finance and Central Bank Deputies meet in Port Moresby

14/03/2018

The APEC Finance and Central Bank Deputies' Meeting began this morning in Port Moresby with a seminar on Accelerating Infrastructure Development and Financing.

The APEC Finance and Central Bank Deputies' Meeting began this morning in Port Moresby with a seminar on Accelerating Infrastructure Development and Financing.

First Assistant Secretary for Substantive Macro Economic Policy of the Department of Treasury, Nancy Lelang who is the Moderator said the seminar will give an opportunity for Papua New Guinea to learn the best practices of planning, financing and delivering quality infrastructures.

"We will discuss the importance of having robust governance and institutional frameworks on how we can achieve this.

"We will also look at how we can diversify our options for attracting long term finance to improve on our way of prioritizing our infrastructure needs, developing tangible projects and effectively promoting them to potential investors," said Lelang.

She said sharing of experiences from the Member Economies would enable Papua New Guinea to accelerate in infrastructure development through improving of institutions, governance, capital market and capacity building.

"These are information investors are looking for and if PNG can learn and put in place appropriate system then we won't have any issues of attracting investments into the country," she said.

The two days seminar is on the importance of robust governance, institutional frameworks, and assessing the policy environment.