The Sovereign Wealth Fund (SWF) of Papua New Guinea is a national fund that has been established to support the country’s macroeconomic stabilisation, government development goals, and asset management related to natural resource revenue.

Papua New Guinea’s Sovereign Wealth Fund (SWF) has been a long time coming. Following the Mineral Resources Stabilization Fund, the infamous trust funds of the early 2000s, and an aborted attempt in 2011-12, PNG’s SWF was finally legislated into existence in 2015.

What is a Sovereign Wealth Fund? A Sovereign Wealth Fund is a savings account in which a nation saves surplus current revenues in a way that supports future public spending and investment, by growing those funds in financial assets. Many countries around the world have Sovereign Wealth

Jan 5, 2023 · The sovereign wealth fund of Papua New Guinea (PNG) has received its first deposit of Kina5.6m (US$1.6m) in dividends from Kumul Consolidated Holdings, the country's trust for all state interests in non-resource ventures.

In September 2016 the Bank of Papua New Guinea (BPNG) stated in its monetary statement that it is seeking technical assistance to set up the Sovereign Wealth Fund administrative secretariat (Yapumi, PNG Loop, 2016).

compare and contrast the 2014 legislation with the 2012 Organic Law on the Sovereign Wealth Fund; analyse how money flows in and out of the proposed funds: including highlighting how the funds may impact on Papua New Guinea’s existing fiscal framework, including the budget and consolidated revenue;

Papua New Guinea’s Sovereign Wealth Fund (SWF) has been a long time coming. Following the Mineral Resources Stabilization Fund, the infamous trust funds of the early 2000s, and an aborted attempt in 2011–12, PNG’s SWF was finally legislated into existence in 2015.

Nov 10, 2022 · Minister Duma noted that 7 percent of the KCH dividend will be deposited directly into the Sovereign Wealth Fund (SWF), with the balance to Treasury for general budgetary expenditure. He also said this would be the first deposit into the SWF, with more to follow as the Marape Government consolidated the performance of the SOEs.

the Sovereign Wealth Fund in Papua New Guinea1 Abstract The PNG Government published, in the National Gazette on 27 October 2014, a proposed law to abolish the Sovereign Wealth Fund (SWF) established by an organic law in 2012 and establish a new SWF with a Stabilisation Fund and a Savings Fund.

Nov 22, 2022 · Finance Secretary Dr Ken Ngangan maintains that the government has been transparent in its establishment of the Sovereign Wealth Fund and publishes the progress each year in the National Budget Book Volume 1 along with the assessment of the fund calculations.