Being clear about this upfront reduces the emergence of destabilising dynamics in the first place and minimises the extent of interventions when they are needed. In such situations, risks of moral hazard should not condemn the central bank to a course of inaction. These risks should be governed by other institutions outside crisis times.
PFIP’s investment grant helped BIMA expand outreach in the Highlands region, reducing delivery costs and improving customer service through and expanded agent network. PFIP is currently working with the with Department of Education, Provincial Government and Bank of PNG to develop a pilot for Financial Education integration into technical and vocational college curriculums.