Resources Sector Engagement

The Working Group will seek to engage with resources sector organisations to digitizing community benefits payment so that payments are remitted to their respective bank accounts and are regularized. It will also facilitate partnerships with government and private sector for offering financial literacy training to affected communities, including the establishment of facilities to enable communities to have increased financial services access points.     

Progress Update: Working Group facilitated the development and signing of a MOU between Mineral Resources Authority and CEFI to roll-out financial inclusion activities in mining project community areas in PNG, who receive royalties and compensation benefits from mining development on their land. These activities will include financial literacy and business development skills training, opening bank accounts, establishment of agency banking and digitizing mining royalties and compensation payments to local communities.

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