This structure was established in full recognition of the importance we place on the development of microfinance institutions in PNG, and its role in filling the gap in provisions of financial services in the rural communities.
Microfinance institutions (MFIs) form a different tier of financial institutions that play an active part, through the informal and semi-formal sectors, in savings mobilization and the development of the financial system. These financial institutions that serve the disadvantaged majority equally require the Central Bank’s supervision and some involvement in enhancing their growth.