8 Jul 2013

PNG seeks IMF advice on how to manage mineral wealth

2:00 pm on 8 July 2013

The Papua New Guinea government is reported to be working with the International Monetary Fund on how to manage the country's mineral wealth.

EMTV reports that PNG's Minister for Treasury, Don Polye, has met with IMF consultants to discuss the best practices PNG can adopt in the creation of the sovereign wealth fund.

They also discussed PNG's new Kumul Holdings Limited structure for managing mining and petroleum assets and other state-owned enterprises.