Challenges continuously faced by the financial sector are the tendency for the Board and management to become complacement in the management of the institutions, to ignore good governance and accountability standards and allowing non-commercial pressures to derail good commercial practice.
6.0  Wau Microbank Limited  In 1998, the Government and the Asian Development Bank (ADB) agreed on the PNG-ADB Microfinance and Employment Project (Project). The purpose of settling up the microbank was to use as a “laboratory” to test different microfinance products, services and delivery methodologies.