PNG:Govt to establish new microfinance bank

Updated August 29, 2007 12:06:39

The Papua New Guinea government has announced plans to establish a new microfinance bank. The move comes as more than 100 delegates from 15 Pacific countries gather in Port Moresby for a conference to mark Pacific Microfinance Week 2007. The new Bank will have its headquaters in Lae and be based on a sucessful pilot project by the Asian Development Bank and the PNG Microfinance Competency Centre.

Presenter: Jemima Garrett
Speakers: Steven van der Tak, Asian Development Bank's PNG Country Director