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Author: Leslie Omaro

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Impact Stories

Lina’s Journey Towards Financial Empowerment

For Lina Wingawi, a 60-year-old Business Development Officer from East Sepik, financial management wasn’t always a strong point. Despite her university education and professional role, she often found herself spending without clear budgeting, making financial decisions that didn’t align with long-term goals. That all changed in March 2025 when she attended a Financial Literacy Training session facilitated by CEFI.

The training, focused on savings and budgeting, was a turning point for Lina. “Before the training, I didn’t make daily or weekly budgets and didn’t follow a strict spending plan,” she admitted. “Sometimes I spent money unwisely.” However, after attending the sessions, Lina began to implement disciplined budgeting practices. “Now, I follow my budget strictly and try to save as much as I can,” she said, highlighting the importance of preparing for school fees and unexpected expenses.

The training had an immediate and practical impact. During the sessions, Lina was temporarily off the payroll, yet she still managed to save enough to cover her travel costs. “There was no unnecessary spending,” she shared proudly.

Lina was particularly impressed by the delivery of the training. “The PowerPoint presentations and practical sessions using flip charts stood out the most,” she noted. Inspired by the techniques used by her trainer, she is eager to pass on the knowledge. “I want to go back and train clients to budget and save their earnings.”

Lina’s story is a testament to how targeted financial education can change habits, improve livelihoods, and empower individuals to uplift not only themselves but their communities as well.

Image Caption:  Lina is determined to educate her community on Financial Literacy and thanks CEFI for the training.

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Impact Stories

Ezekiel aims to educate his community on savings and budgeting

At just 24, Ezekiel Lakain, a Security Officer from Sirunki in Enga Province, is already making strides toward building a more financially stable future not only for himself, but also for his wider community. After completing Grade 12, Ezekiel’s financial knowledge was limited, often leading to impulsive spending and a lack of savings. However, everything changed in March 2025 when he attended a Financial Literacy Training conducted by CEFI Office in Port Moresby.

The training, which focused on savings and budgeting, had a profound impact on Ezekiel. “Before the training, I struggled to manage my spending,” he admitted. “But now, I have a better plan for saving and budgeting my money.” One of the standout techniques for him was learning about different income streams and creating structured budgeting plans to manage outflows effectively.

Beyond his personal development, Ezekiel is passionate about sharing what he’s learnt. He plans to conduct informal training sessions with families and friends in his community, aiming to uplift their living standards through practical financial knowledge. “Even though I used to try saving on my own, this training gave me the tools and confidence to not only do it better but to also teach others,” he said.

Despite ongoing challenges, including saving for further education amidst financial pressures, Ezekiel remains optimistic. He believes the training has equipped him with not just knowledge, but the discipline and mindset to rise above these obstacles.

Ezekiel’s story is a powerful reminder that with the right support and education, financial literacy can be a catalyst for meaningful change one person, one community at a time.

Image Caption: Ezekiel proudly showing his certificate after successfully completing the Financial Literacy Training

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Impact Stories

How Financial Literacy Changed Solomon’s life

Solomon Peni, a 32-year-old Youth Empowerment Project Officer and driver from the Western Highlands, is living proof that financial literacy can change lives. A husband and father of two, Solomon attended a Financial Literacy Training course delivered by CEFI from 3rd to 7th March at the CEFI Office in Port Moresby. The modules focused on savings and budgeting two topics that would change how Solomon viewed and managed his finances.

Before the training, Solomon admits his spending habits lacked direction. “I used to spend without planning or thinking about long term consequences,” he reflects. However, the training marked a turning point. With the skills gained, Solomon began tracking his expenses, setting realistic budgets, and cutting down on unnecessary spending.

“The training gave me the confidence to make informed financial decisions,” he says. Not only has Solomon managed to reduce his debt, but he’s also been able to increase his savings. These changes have had a direct impact on his family’s quality of life, more funds are now allocated to essentials like housing and healthcare, offering his family greater financial security and peace of mind.

Solomon found the interactive nature of the training particularly impactful. Real-life case studies and group discussions helped ground the concepts in reality. Now, he is eager to share these techniques with friends and family, promoting a culture of financial awareness in his community.

Despite occasional temptations to overspend, Solomon stays focused by reminding himself of his financial goals. “This training was not just an event it was the start of a lifestyle change,” he says.

Solomon’s story is a testament to the power of education when equipped with the right tools, anyone can build a secure financial future.

Image Caption: CEFI Acting Executive Director (left) presents Solomon his certificate following the completion of the financial literacy training.

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Media Releases

CEFI and University of Technology Sign MoU to Establish Fintech Incubation Centre

On April 23, 2025, The Centre for Excellence in Financial Inclusion (CEFI) and the Papua New Guinea University of Technology (Unitech) formally signed a Memorandum of Understanding (MoU) to establish a Fintech Incubation Centre at Unitech’s campus in Lae.

The new Fintech hub will play an important role in supporting the development and growth of financial technology startups. It will provide mentorship, funding, networking opportunities, and access to industry expertise. The initiative aims to foster innovation within the financial services sector by assisting entrepreneurs to refine their business models, develop products, and navigate regulatory requirements. Furthermore, the hub will facilitate collaboration between fintech startups, the Bank of Papua New Guinea’s regulatory sandbox, and established financial institutions, thereby promoting the integration of new technologies into traditional banking and finance systems.

The overall objective is to accelerate the growth of fintech entrepreneurs and to enhance the broader ecosystem of financial payments and service systems, ultimately expanding financial inclusion across Papua New Guinea.

Unitech Vice-Chancellor, Professor Ora Renagi OL, stated that “learning transforms living standards.” He emphasized that this initiative would empower young IT professionals to develop innovative solutions capable of enhancing a wide range of industries throughout the country.

Professor Renagi further elaborated that the University’s focus on teaching and research, as well as its five-year strategic plan, identifies the establishment of centres for innovation and incubation as a priority. He described the partnership with CEFI to establish the Fintech Incubation Centre as both timely and supportive.

CEFI Acting Executive Director, Mr Peter Samuel, reiterated CEFI’s commitment to advancing financial inclusion by embracing innovation and technology. He noted that the partnership would not only improve financial services but would also create opportunities for students to become self-employed and contribute meaningfully to economic development.

Mr Samuel also highlighted that fintech solutions developed through the Centre would be tested in the Bank of Papua New Guinea’s regulatory sandbox prior to their broader market introduction, ensuring compliance, safety, and effectiveness.

Following the MoU signing, attendees visited the proposed site for the Fintech Incubation Centre, marking a significant step towards realising this transformative vision.

Supporting this initiative are the PNG ICT Cluster and the National Information and Communications Technology Authority (NICTA). Key stakeholders are eager to collaborate to bring transformative changes to the financial services landscape, ensuring that financial systems become more efficient, inclusive, and accessible to individuals in both urban and rural areas.

Ends.

Image Caption: Vice-Chancellor of the University of Technology, Professor Ora Renagi (left), and Acting Executive Director of CEFI, Mr Peter Samuel, display the signed Memorandum of Understanding documents following the signing ceremony.

 

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Media Releases

CEFI and Western Pacific University Sign MoU to Strengthen Financial Inclusion and Entrepreneurship Education

The Centre for Excellence in Financial Inclusion (CEFI) and the Western Pacific University (WPU) have signed a landmark Memorandum of Understanding (MoU) to jointly promote entrepreneurship, fintech, financial literacy, and microfinance education in Papua New Guinea (PNG).

The MoU between CEFI and WPU signifies a collaborative effort to advance education, particularly in the realms of entrepreneurship and microfinance, fostering mutual growth and development. The MoU outlines several areas of collaboration, including:

  • Support WPU with the Entrepreneurship and Innovation Hub programs
  • Set up of the Fintech Hub with support from WPU
  • Curriculum Development and Implementation
  • Monitoring and Evaluation of Program Impact
  • Industry linkages and Stakeholder engagement

The MoU was officially signed on Friday, April 11, in Mt. Hagen by CEFI’s Acting Executive Director, Mr. Peter Samuel, and WPU President, Dr. Janet Rangou (PhD). This strategic partnership signifies a shared commitment to building human capacity, promoting innovation, and equipping students with practical skills to drive economic growth and financial empowerment across the country.

Speaking at the signing ceremony, Mr. Peter Samuel expressed enthusiasm for the partnership.

“We’re very excited about this collaboration and truly appreciate WPU’s innovative spirit. Attending the graduation today gave us confidence that we are partnering with an institution that shares our mission to empower our people. We look forward to the opportunities this partnership will create.”

In response, Dr. Janet Rangou highlighted the value of the partnership for student development, saying:

“We hope this collaboration will allow us to equip our students with lifelong, practical skills that will serve them and their communities long after graduation.”

Earlier in the day, Mr. Samuel and his team attended Western Pacific University’s inaugural graduation ceremony at its campus in Ialibu, Southern Highlands Province. A total of 99 students graduated in various disciplines, including Certificate in Higher Education, Bachelor of Arts in International Business Management, Bachelor of Science in Computer Networks, and Bachelor of Science in Computer Programming. The event also celebrated the official opening of the WPU’s state-of the art e-Library.

The keynote address was delivered by Hon. Peter O’Neill, Member for Ialibu-Pangia and former Prime Minister of Papua New Guinea. He spoke passionately about the university’s journey since its conception in 2012, noting that its founding idea emerged from the need to bring higher education closer to remote communities.

“This university is a national institution that has grown through both local and international support. It’s not just for the Southern Highlands but for the entire country,” said Mr. O’Neill.

Echoing this sentiment, Southern Highlands Governor Hon. William Powi described the graduation as a historic milestone for the province and the nation.

“While the graduating class may be small, their success marks the beginning of a legacy of educational transformation,” he said. The Governor also announced K68, 000.00 in tuition support and a K1 million contribution toward university infrastructure and services, with potential future investments in student facilities and postal services.

Minister for Higher Education, Research, Science and Technology, Hon. Kinoka Feo, also addressed the ceremony, reaffirming the government’s commitment to expanding higher education in PNG. He highlighted increased budget allocations, the expansion of the Higher Education Loan Program (HELP), and the PESA initiative as examples of national efforts to ensure quality education and accessibility for all.

Minister Feo also acknowledged the contributions of key figures in the establishment of WPU, and the Department of Higher Education, along with other stakeholders who guided the institution through official government processes.

In her remarks, Dr. Janet Rangou paid tribute to several individuals instrumental in WPU’s journey, including the late Sir Peter Barter, Professor Father Jan Czuba, and the former PNG Prime Minister and current Ialibu-Pangia Member Hon. Peter O’Neill , thanking them for their vision, support, and belief in the power of education. She emphasized WPU’s ongoing mission to become a university of choice in PNG and beyond, committed to lasting societal impact.

Dr. Rangou concluded by expressing gratitude to students, staff, partners, and the WPU community, underscoring their collective role in shaping a more educated and inclusive future for Papua New Guinea.

 

Ends.

Image Captions:

Image 1.   CEFI Acting Director Mr. Peter Samuel (left) and WPU President Dr. Janet Rangou (PhD) signing the MoU Documents  at the Mc Royal Hotel in Mt Hagen. Witnessing the signing are, (left standing) Ms. Jill Pijui, Manager Financial Inclusion and Capacity Development (CEFI) and Dr. Emmauel Aquino (PhD), Vice President University Advancement (WPU)

Image 2. CEFI Acting Director Mr. Peter Samuel and WPU President Dr. Janet Rangou (PhD) shake hands to signify the beginning of CEFI and WPU’s collaboration and partnership.

Image 3. CEFI Acting Director Mr. Peter Samuel and WPU President Dr. Janet Rangou sharing their words of thank you acknowledgement towards the success of the MoU signing.

Image 4: (from L-R) Mr. Peter Samuel, CEFI Acting Director, Ms. Jill Pijui, Manager Financial Inclusion and Capacity Development (CEFI) and Dr. Emmauel Aquino (PhD), Vice President University Advancement (WPU) at the WPU graduation ceremony.

Image 5:  Delilah Tumbo receiving her Academic Excellence Award (Silver Award) from Minister for Highher Education, Research, Science and Technology and Member for Unggai Bena Hon. Kinoka Feo during WPU’s Inaugural Graduation Ceremony in Ialibu, Southern Highlands Province. Delilah graduated with a Bachelor of Science in Computer Programming scoring the highest GPA of 4.28 thus earning her the Silver Award.

Image 6: Koani Guba receiving his Certificate in High Education Foundation Studies from DHERST Secretary Father Jan Czuba WPU’s Inaugural Graduation Ceremony in Ialibu, Southern Highlands Province.

Image 7: The first graduates of Western Pacific University at the inaugural graduation ceremony at held at the university’s campus in Ialilbu, Southern Highlands province.

Image 8: (from L-R) Southern Highlands MPs and Minister’s with Southern Highlands Governor Hon. Willian Powi and Chinese Ambassador to PNG Yang Xiaoguang cutting the ribbon to the K16 million digital library at the WPU on Friday 11th April.

Image 9: Minister for Highher Education, Research, Science and Technology and Member for Unggai Bena Hon. Kinoka Feo & Chinese Ambassador to PNG Yang Xiaoguang unveiling a plaque to officially mark the opening of the K16 million digital library at the WPU on Friday 11th April.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

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News Article

CEFI Team Visits Niu Ailan Savings and Loan Society to Enhance Financial Inclusion

A team from the Centre for Excellence in Financial Inclusion (CEFI), led by Acting Executive Director Mr. Peter Samuel, visited the Niu Ailan Savings and Loan Society (NAS&LS) during the week of April 2nd.

The purpose of the visit was to present the Annual Benchmark Report and Factsheet Report 2023 to NAS&LS team.

CEFI analyses and reports the quarterly financial inclusion and financial performance data received from institutions to the Bank of Papua New Guinea (BPNG) and the wider public, and through such engagements partnerships are strengthened with institutions submitting data.

CEFI’s engagement with NAS&LS emphasized the importance of accurate and timely data in producing reports. Through on site presentations, the team demonstrated how informed decisions in the financial inclusion space rely on accurate data. The discussions and presentation agenda set during the visit with NAS&LS will serve as a model for similar engagements with other institutions throughout the year.

Aligned with Papua New Guinea’s national target of opening two million new bank accounts by 2027—half intended for women—the visit reinforced efforts to advance financial inclusion across the country.

During the session, CEFI’s Senior Data Analyst, Mr. Ruruva Ane, presented the Annual Benchmark and Factsheet Report 2023, providing a comparative analysis of the society’s performance against other financial institutions.

NFIS Implementation Coordinator Mr. Albert Mokis Ahabh introduced the Financial Inclusion Mapping Tool template, guiding society staff on identifying financial access points to support policy development and expansion plans.

CEFI Acting Executive Director Mr. Samuel commended NAS&LS for their timely reporting, stressing the importance of data in identifying growth opportunities.

NAS&LS CEO Mr. John Maradangoi expressed gratitude for CEFI’s support and shared plans to extend the society’s services across New Ireland Province.

The CEFI team also met with a representative from the Economic Sector of the New Ireland Provincial Administration to explore potential partnerships aimed at boosting financial inclusion initiatives in the province.

 

Ends.

 

Image Captions:

Image 1.  CEFI Acting Executive Director Mr. Peter Samuel  (left) speaking to the NAS&LS team during their meeting in New Ireland province.

Image 2. CEFI Acting Executive Director Mr. Peter Samuel (left) and Mr. Ruruva Ane, CEFI’s Senior Data Analyst speaking to the NAS&LS team during their meeting in New Ireland province.

 

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

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News Article

CEFI and Financial Institutions Inspire Students at IBS University

The Centre for Excellence in Financial Inclusion (CEFI) on Wednesday, April 2nd visited IBS University (IBSU), located outside Port Moresby, to deliver a transformative Student Entrepreneurship Program. Representatives from financial institutions, including the Bank of Papua New Guinea, Nasfund, Bank South Pacific, and MiBank, joined the initiative.

In his welcoming address, IBSU Vice Chancellor Professor Ramachandran expressed gratitude for the collaboration between CEFI and IBSU, made possible through a Memorandum of Understanding (MoU). He highlighted the importance of this partnership in enabling programs such as the Student Entrepreneurship Program and thanked the participating financial institutions for their valuable contributions.

CEFI’s Manager for Financial Inclusion and Capacity Development, Ms. Jill Pijui, highlighted the MoU’s role in fostering financial literacy and entrepreneurial support at IBSU. She emphasized that CEFI would actively assist the university’s innovation hubs related to entrepreneurship, leveraging their expertise to empower students in informal, MSME, and SME sectors. Ms. Pijui also stressed the importance of personal money management, urging students to cultivate a savings habit early to secure their financial futures.

CEFI Officer Mr. Sebastian Mugup shared insights into the broader landscape of financial inclusion in Papua New Guinea. He detailed CEFI’s efforts to create partnerships with financial institutions and civil societies, promote gender equality in financial literacy, and enhance access to financial services. Mr. Mugup revealed that CEFI has trained over 200,000 Papua New Guineans since 2013, with over 50% of participants being women.

Adding depth to the program were insightful presentations from various financial institutions:

  • Everlyn Mara, from the Financial Markets Division of the Bank of Papua New Guinea, shared valuable insights on investment opportunities with the Central Bank.
  • Melisha Sindiwan, representing Nasfund, offered guidance on superfunds and the associated benefits of Nasfund membership.
  • Jackson, from MiBank Nationwide, provided detailed information on MiBank’s range of banking products and services, including SME loans, vehicle loans, and savings accounts, among others.

The participation of these institutions added significant value to the one-day program, equipping students with practical knowledge and real-world opportunities to improve their financial well-being and entrepreneurial aspirations.

In addition to the presentations, information booths were set up outside the venue by both CEFI and MiBank, where students accessed brochures, asked questions, and engaged directly with representatives to learn more about available financial services and products.

The success of the event would not have been possible without the commitment and behind-the-scenes coordination of Mr. Sagara Wijeratne, who played a key role in ensuring a smooth and impactful program for both students and staff of IBSU and its TVET division.

This collaboration between CEFI, IBSU, and other financial institutions reflects a significant step towards equipping young minds with the tools and knowledge to build financially secure and entrepreneurial futures.

Image Caption: CEFI visited IBS University to deliver awareness sessions on Financial Inclusion and Financial Literacy Training to students as part of the IBSU Student Entrepreneurship Program. Representatives from Bank of Papua New Guinea, Nasfund, Bank South Pacific, and MiBank also were invited to participate in the program and share information on their respective organizations products and services. There was also mini information booth on display where the students had opportunity to know more about CEFI and the other financial institutions.

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Centre for Excellence in Financial Inclusion Participates in Youth Resource Week 2025

The Centre for Excellence in Financial Inclusion (CEFI) proudly participated in the Youth Resource Week (YRW) 2025, a dynamic five-day event held from March 24th to 28th at the Sir John Guise Stadium in Port Moresby. This impactful event, organized collaboratively by government agencies, partners, and stakeholders, brought together over 15,000 registered youths who were given access passes to engage with life-changing opportunities in education, employment, financial services, and skills training.

CEFI’s participation was made possible through an invitation extended by Mr. John Pora, a key organizer of the event. Recognizing the significance of financial literacy in youth empowerment, CEFI took the initiative to invite and host 10 other organizations within the financial inclusion space, ensuring a comprehensive representation of financial institutions and services. The participating organizations included:

  1. Credit Guarantee Corporation
  2. Credit Data Bureau
  3. Bank of Papua New Guinea
  4. TISA Bank
  5. Regina Sagu Foundation
  6. Nasfund
  7. Mama Bank (Women’s Microbank)
  8. Mibank
  9. National Development Bank
  10. Bank South Pacific

Led by Financial Inclusion and Capacity Development Manager Ms. Jill Pijui and Training Officer Mr. Paul Tamate, the CEFI team made a significant impact throughout the event. The team engaged directly with over 1,000 youths and interested individuals at the CEFI booth, conducting financial literacy training and awareness sessions. Through interactive discussions and informative sessions, visitors gained valuable insights into CEFI’s financial inclusion initiatives and the importance of managing their finances effectively.

To further support youth empowerment, CEFI distributed educational materials, including Financial Literacy Booklets, brochures, merchandise, and other resources. These efforts underscored CEFI’s unwavering commitment to equipping Papua New Guinea’s youth with the knowledge and skills necessary to make informed financial decisions for a secure and prosperous future.

The Youth Resource Week, spearheaded by the Youth Resource Agency and supported by the National Youth Development Authority, is a transformative initiative aimed at mobilizing the nation’s young people as a positive force for development. Inspired by Prime Minister James Marape’s vision for youth engagement, this event serves as a critical platform for connecting young individuals to opportunities that align with their aspirations and potential.

CEFI extends its heartfelt appreciation to the organizing committee, including Mr. John Pora, Youth Resource Week Key Partnerships Director; Mr. Israel Luluaki, Youth Resource Week Stakeholder Sales; Ms. Nadya Parascoe, Youth Resource Week Booth Support Management; Ms. Tae Vala, Youth Resource Week Project Lead; and the entire organizing team and sponsors. Their dedication and vision have ensured the success of this strategic event.

Looking ahead, CEFI eagerly anticipates the next Youth Resource Week, which is set to be held regionally, expanding its reach and impact on youth financial empowerment across Papua New Guinea.

Image Caption: Photo highlights of CEFI staff actively engaged with youths during Youth Resource Week at Sir John Guise Stadium, held from March 24-28. Visitors to the booth discovered the importance of financial literacy and learned about CEFI’s initiatives in driving financial inclusion.

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News Article

Centre for Excellence in Financial Inclusion recognized for contributions to advancing green finance initiatives in PNG

The Centre for Excellence in Financial Inclusion (CEFI) proudly received two certificates of appreciation from the Bank of Papua New Guinea (BPNG) at the Green Finance Summit, held from March 24–26 at the Hilton Hotel in Port Moresby. The certificates recognize CEFI’s contributions to advancing green finance initiatives in Papua New Guinea.

CEFI was honored with:

  • An Appreciation Certificate
  • An Individual Certificate of Appreciation – ‘Green Finance Champion’, presented to CEFI’s Acting Executive Director, Mr. Peter Samuel.

Mr. Samuel was joined by several other distinguished Green Finance Champions:

  • James Ellerman (ANZ)
  • Methuselah Eka Warbiria (BSP)
  • Prabhash Ranjan (Women’s Micro Bank)
  • Wong Khar Fye (Kina Bank)
  • Pelina A Daniels (MiBank)
  • George Awap (BPNG)
  • Debra Sungi (Climate Change Development Authority)
  • Roddie Wada (Department of Treasury).

Certificates of appreciation were also presented to the following organizations for their support towards the Green Finance Summit, Global Green Growth Institute (GGGI), World Bank International Finance Corporation (IFC), United National  Development Programme (UNDP), International Monetary Fund (IMF), Alliance for Financial Inclusion (AFI),  Climate Change Development Authority (CCDA), Australia Government Department of Foreign Affairs and Trade, Agence Francaise de Development 9AFD), United Nations Capital Development Fund (UNCDEP), Asian Development Bank (ADB) and New Zealand Ministry of Foreign Affairs and Trade (MFAT) and Hilton Hotel.

During the gala dinner and awards presentation, Papua New Guinea’s Prime Minister, Hon. James Marape, celebrated the progress of green finance, highlighting the collaborative efforts of organizations and individuals in making sustainable finance more accessible. The Prime Minister stated, “Two years ago, we embarked on this journey, and it’s certainly pleasing to note the maturity of what was started two years ago. I just want to step back and commend the Central Bank for their good leadership in this space.”

The Bank of Papua New Guinea, the Head of Green Finance Centre Mr. Mohinesh Prasad, and the Global Green Growth Institute were acknowledged and congratulated for successfully hosting the inaugural Green Finance Summit 2025, marking a significant step toward sustainable financial initiatives.

Image captions:

Image 1: CEFI Acting Executive Director Mr. Peter Samuel receiving his Certificate  of Appreciation – ‘Green Finance Champion’  from Papua New Guinea Prime Minister Hon. James Marape, at the Green Finance Summit Gala Dinner.

Image 2: CEFI Acting Executive Director Mr. Peter Samuel proudly showing his Certificate  of Appreciation – ‘Green Finance Champion’  at the Green Finance Summit photo booth.

Image 3: CEFI Acting Executive Director Mr. Peter Samuel (4th from right with his staff showing the certificates presented to CEFI in recognition of its contributions to advancing green finance initiatives in Papua New Guinea.

 

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Media Releases

Green Finance Summit 2025 Accelerates the Investment and Partnerships for a Sustainable Future in Papua New Guinea

Port Moresby, Papua New Guinea March 25, 2025- The Green Finance Summit 2025 marked a strong set of commitments and partnerships, reinforcing the country’s green finance agenda and accelerating its position as a leader in sustainable finance across the Pacific region.

This summit was hosted by the Green Finance Centre (GFC), under the auspicious of the Central Bank of Papua New Guinea (BPNG), brought together senior government officials from the Treasury, Energy, Agriculture, Labor, Forestry, and Environment Ministries in PNG, along with leaders from Agence Française de Développement (AFD), Asia Development Bank (ADB), International Finance Corporation (IFC) member of the World Bank Group, International Monetary Fund (IMF), New Zealand’s Ministry of Foreign Affairs and Trade (MFAT), United National Development Program (UNDP), United Nations Capital Development Fund (UNCDF), Alliance for Financial Inclusion (AFI), and the Global Green Growth Institute (GGGI), and Bank South Pacific (BSP), Kina Bank, ANZ PNG, MiBank, Mama Bank and more.

Significant announcements and agreements were made throughout the day, as AFD committed to supporting the development of green finance instruments, such as the Green Refinancing Facility (GRF) and Green Guarantee Facility (GGF) to mobilize capital and de-risk green investments. The commitment was strengthened by an agreement from ADB to inject USD 20 million into both facilities while working with AFD, UNCDF, GFC, and BPNG. These partners will connect with local financial institutions to co-develop a pipeline of green and blue loans, forming the backbone of blended green finance and unlocking finance for Micro Small, and Medium-Sized Enterprises (MSME) in PNG.

BPNG Governor Ms. Elizabeth Genia (middle) pictured with BPNG Chairman Mr. David Toua (left) and Honorable Minister for Energy Mr. Thomas Opa (right) at the Green Finance Summit held in Port Moresby.

Image Caption: BPNG Governor Ms. Elizabeth Genia (middle) pictured with BPNG Chairman Mr. David Toua (left) and Honorable Minister for Energy Mr. Thomas Opa (right) at the Green Finance Summit held in Port Moresby.

Read more on the Green Finance Centre Website – https://www.gfcpng.com/green-finance-summit-2025-accelerates-the-investment-and-partnerships-for-a-sustainable-future-in-png/

 

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