An analysis of the Papua New Guinea Sovereign Wealth Fund’s process of formulation and progress towards establishment

ABSTRACT:

The National Research Institute (NRI) commissioned this Issues Paper to review and analyse the process of the formulation of Papua New Guinea (PNG)’s sovereign wealth fund (SWF); its current status; and lessons and future prospects. After providing the background and PNG’s historical attempts at creating SWFs, the paper then discusses the current SWF including its design, formulation process, structure, and the organic law. The paper then provides some key lessons emanating from the analysis, which include the need:

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