A report by the Chartered Financial Analyst Society of UK condemns what it calls “financial amnesia” among finance professionals, arguing that a failure to heed the lessons of the past led to the most recent crisis and will likely lead to future ones. Every time a crisis occurs, experts are confronted with the question why they could not foresee it.
CEFI is a national entity designed to coordinate the financial inclusion initiatives in Papua New Guinea. It envisages creation of a robust financial sector which will reach people across the country and enhance access to high-quality financial products and services with the combined efforts of all stakeholders.