In this way, the 1980 increase in the deposit insurance cap to $ exacerbated the fundamental thrift problem associated with concentration on long-term assets in a high and rising interest rate environment. Indeed, it significantly increased the taxpayer cost of the bail out of the bankrupt thrift deposit insurance fund.
SPEECH BY: Loi M Bakani CMG, Governor, Bank of PNG At the UNCDF 50th Anniversary 19 January 2017  Ladies and Gentlemen, it is my pleasure to address you all at this momentous occasion marking UNCDF’s 50th Anniversary. The Bank of Papua New Guinea has had a close relationship with UNCDF through the Pacific Financial Inclusion Programme (PFIP) since its inception in 2008.