Papua New Guinea’s recent experience in developing the principles of client protection for microfinance began in collaboration with the ADB, DFAT and Government of Papua New Guinea funded Microfinance and Employment Project, and the Centre for Excellence in Financial Inclusion (CEFI).
Lately the status of the commercial paper programs as a safe heaven has eroded, as the CP-markets have frozen (see slide 6). Outstanding amounts of asset backed commercial papers took a significant dive at the outset of the turbulence in 2007 (see slide 7). Recently the outstandings of commercial papers for financial issuers have been declining.