In line with the Project’s scope of work, the establishment of the microfinance institutions (MFIs) is a relief that, at last, there is now in place a kind of financial institution with which they can save. The progress todate of the Wau Microbank in Morobe and the PNG Microfinance Limited in Port Moresby can attest to this development.
Those speculating in the New Zealand dollar need to be aware that the exchange rate is not a one-way bet; they need to be cautious.