AGP Executive Report
Last update: 10 hours agoWorld Bank El Niño Relief: PNG Treasury has secured access to up to K300m in disaster financing, including a US$50m (about K220m) Catastrophe Deferred Drawdown Option, to respond to drought, crop damage and water shortages. Central Banking Reform: Bank of PNG governor Elizabeth Genia says reforms aim to keep inflation in check, restore Kina convertibility, expand financial inclusion and strengthen the financial system. Investment Push: PM James Marape tells Australian investors to “get entrenched” now, pointing to LNG, Wafi-Golpu and Pasca, plus opportunities in energy, ICT and tourism. Trade & Border Efficiency: PNG Customs completes Canadian-led training to better target suspicious air cargo and postal shipments, while Phase Two of the National Single Window is completed to streamline trade. Digital ID Laws: PNG seeks stakeholder feedback on proposed laws to overhaul digital identity, including the national ID and digital wallet, and expands credential options via SevisWallet. Energy Skills: The International Solar Alliance will set up a Solar Technology Application Resource Centre at Don Bosco Tech Institute in Port Moresby to train installers and operators. Mining & Finance: K92 Mining reports a 116% jump in quarterly net income to US$84.6m, driven by record ore processing at Kainantu. Sports Governance: PNGFA says it will not assemble a national team for the 2026 MSG Prime Minister’s Cup unless outstanding player and stakeholder payments are settled. Climate Diplomacy: Pacific foreign ministers back stronger climate action ahead of COP31, but frustration grows over slow progress in UN talks. Security Tensions: China’s missile test has deepened divisions in the Pacific Islands Forum, with PNG calling it “totally inappropriate.”
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