The first was in 2000 as part of the structural reforms undertaken by the PNG Government to address serious shortcomings in the financial system. This was followed by reforms towards the end of 2000 to broaden the financial sector, increase competition and improve accessibility to financial services, and to create a sound and stable financial system.
After starting out as a small school specialized in mining and metallurgy in 1914, today it is a full-fledged branch of the University of Texas, offering a wide range of degrees. El Paso now leads in programs on border issues and the relationship between the United States and Mexico.