Over these years in which the Board has met in Port Moresby and around the country, we have seen the economy turned around from a depressed state some three years ago. The economy has recovered and there is renewed confidence in the market. However, much of the fundamentals still have to be continuously nurtured, including that of transportation and other physical infrastructure.
With the legal authority to now issue guidelines and regulations related to managing systemic risks, it is important more than ever for the FSCC to see what market players see, and for us to influence risk behaviors in ways that develop markets and build resilience. This is why this course is important, particularly at this critical time.