I AM pleased to announce the signing of an overarching memorandum of understanding (MOU) between the ABG and the PNG national government on the drawdown of powers in accordance with the Bougainville Peace Agreement.
This is an historic moment and an important step in formalising autonomy arrangements for the people of Bougainville.
The signing of the memorandum of understanding has been a long time coming and it is an important step in giving effect to the very clear intent of the Bougainville Peace Agreement.
The MOU will act as a guiding document. It puts in place the systems, processes and financial mechanisms to enable the ABG to assume legal responsibility for its own affairs. This, in tum, provides the foundation upon which full autonomy will be achieved.