Papua New Guinea: Technical Assistance Report-Financial Sector Stability Review
Technical Assistance Reports, December 6, 2024
Source details
- Canonical URL
- Papua New Guinea: Technical Assistance Report-Financial Sector Stability Review
Other formats
Bibliographic details
- Published: December 6, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400294662.019
Objective and Scope
- Main objective: Help the PNG authorities build a roadmap of technical assistance (TA) to address identified financial sector needs and gaps, with a view to strengthen resilience of financial institutions and to enhance the policy framework.
- The PNG FSSR diagnostic covered six areas:
- (i) macroprudential policy;
- (ii) regulation and supervision of banks and other deposit-taking financial institutions;
- (iii) regulation and supervision of insurance companies and pension funds;
- (iv) financial safety net and crisis preparedness framework;
- (v) financial market infrastructure; and
- (vi) financial sector statistics.
Substantive Findings (as summarized)
- The mission produced a diagnostic intended to identify financial sector needs and gaps across the six areas listed above.
- Emphasis on building a TA roadmap to strengthen resilience of financial institutions and enhance the policy framework.
Policy Recommendations and Technical Assistance Priorities
- Develop and sequence technical assistance to address identified gaps across:
- Macroprudential policy framework and tools.
- Regulation and supervision frameworks for banks and other deposit-taking financial institutions.
- Regulation and supervision frameworks for insurance companies and pension funds.
- Financial safety net design and crisis preparedness arrangements.
- Financial market infrastructure improvements, including payment systems oversight.
- Enhancement of financial sector statistics for policy analysis and supervision.
Content in this bundle
- tarea2024103-print-pdf