Papua New Guinea: Technical Assistance Report-Financial Sector Stability Review
Papua New Guinea: Technical Assistance Report-Financial Sector Stability Review
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Volume/Issue:
Volume 2024
Issue 103
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Finance , Economics- Macroeconomics , Business and Financial , Financial sector stability , IMF MCM , Macro-financial risk , PNG FSSR TA roadmap , , IMF's Monetary , FSSF phase , FSSR recommendation , payment system oversight function department , IMF executive directors , BPNG's management , investment strategy , bridge bank authority , Macroprudential policy , Insurance , Payment systems , Global
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Summary
The main objective of the FSSR diagnostic mission was to help the PNG authorities build a roadmap of technical assistance (TA) to address identified financial sector needs and gaps, with a view to strengthen resilience of financial institutions and to enhance the policy framework. The PNG FSSR diagnostic covered six areas: (i) macroprudential policy; (ii) regulation and supervision of banks and other deposit-taking financial institutions; (iii) regulation and supervision of insurance companies and pension funds; (iv) financial safety net and crisis preparedness framework; (v) financial market infrastructure; and (vi) financial sector statistics.
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