SINCE August, Papua New Guinean government ministers have hinted that we might soon see an update on the state of the proposed Sovereign Wealth Fund (SWF).
Despite the recent parliament sitting, the government’s plans remain unclear. We wait for answers to two important questions:
When will the Sovereign Wealth Fund be finalised and implemented?
Will the operational rules and responsibilities, and the overall role of the Sovereign Wealth Fund, actually be what they said it would be at the outset?
With PNG’s LNG exports now regularly reaching Japan’s shores, the government should be ready to answer these questions.