This has provided a strong foundation for the growth and management of our financial institutions, as indicated by recent media reports of significant profit earnings by Bank South Pacific, POSF and NASFUND. The Central Bank is committed to seeing the development of the capital market in Papua New Guinea.
At the onset, allow me to extend my gratitude to the Hon. Deputy Prime Minister and Minister of Finance for agreeing to grace the ceremony and deliver a key note address. In the same token, let me take this opportunity to recognise the work of The Technical Committee on Collaboration which has been instrumental in organising the event.