9 Bishop J and N Cassidy (2017), ‘Insights into Low Wage Growth in Australia’, RBA Bulletin, March, pp 13–20. 13 / 13  BIS central bankers' speeches
The Bank of PNG is in a process of establishing a legal framework for the microfinance industry and will soon announce broad guidelines on the licensing requirements for microfinance institutions or microbanks. It is our intention that we will exit from our involvement in the development phase of the sector and concentrate on our core role as supervisor & regulator of the financial system.