We are also interested in working with other microfinance practitioners and organizations, such as NGOs and credit cooperatives, so that together we can ensure the long-term viability and sustainability of microfinance. Possible areas for collaboration include the transformation of non-bank MFIs into banks, development of a uniform set of standards, and the promotion of best practices for sustainable operations within banks, NGOs and cooperatives.
Today marks another occasion when the Central Bank pays due to its shareholder, the Government, on behalf of the people of Papua New Guinea. This time, paying our dividend to the Government from the Bank’s 2003 operating profit.