Category Archives: Agreement
Abel Briefs World Bank and IMF on Next Moves to Advance PNG’s Submarine Internet Cable and Discussed Concessional Funding for Restructuring Debt
22 October 2017
Source: Office Of The Prime Minister
Engagement with the World Bank and International Monetary Fund, that will stimulate positive economic development in the face of global challenges, has been advanced at meetings in Washington D.C. by the Deputy Prime Minister and Treasurer, Hon. Charles Abel MP.
Deputy Prime Minister Abel said the new submarine fibre optic communications cable project, that will deliver cheaper and faster Internet, and the provision of concessional financing for the restructuring of existing debt, will deliver positive economy stimulus for the economy.
“Papua New Guinea has a close working relationship with the World Bank and IMF, and the benefits of this engagement will become even more obvious to our people with the delivery of cheaper and faster Internet.
“Working with the World Bank, and also our partners in Australia, the new submarine communications cable will deliver greater Internet access for Papua New Guineans.
“The new communications cable will make the Internet we received on our computers and smart phones much faster, and with the increased supply we will see Internet data prices fall.
“Increased access to the Internet is essential if we are to advance Papua New Guinea’s economy and improve service delivery.
“The submarine cable has been the subject of much discussion in recent years, and now we are moving ahead so that it will be in place ahead of the APEC Summit.
“The time given to our country by the World Bank and IMF executive for meetings in Washington was tremendous.
“I took the opportunity to remind them of the particular circumstances of Papua New Guinea and the Pacific small island states.
“I said PNG has globally significant natural assets to build a new, responsible, sustainable economy that brings inclusive development to its people but also can support climate change mitigation globally.
“We are confronted with our immediate development challenges and are also on the frontline of the effects of climate change.”
The Deputy Prime Minister said discussions with the World Bank on restructuring existing debt with concessional funding will further simplify debt that has been established over recent decades, and reduce servicing costs.
“Papua New Guinea has never defaulted on a debt payment, and this is respected by global institutions such as the World Bank and the International Monetary Fund.
“We are in talks with the World Bank and IMF so that we can bring together a number of scattered debts and consolidate these under a single debt facility at a much more favourable interest rate.
“Debt consolidation will save public funds and retire outstanding loans quicker than had previously been possible.”
Deputy Prime Minister Abel was accompanied by Treasury Secretary, Dairi Vele, and the Governor for the Bank of Papua New Guinea, Loi Bakani.
As well as the main Plenary Sessions of the World Bank Meeting, the DPM participated on 3 panels, including a panel with the World Bank CEO, and the Finance Ministers for Indonesia and Serbia, on Asia and the Growing Middle Class and Inclusive Development.
The DPM also had 15 meetings including separate meetings with CEO of the World Bank, Kristalina Gregorieva, Asia Pacific Director, Victoria Kwakwa, and Australian Treasurer, Scott Morrison.
Minister for Foreign Affairs Rimbink Pato extended the invitation when arriving in Dubai on Tuesday.
Pato said he would be discussing with UAE what they would like to do in PNG, with particular interest in technology and renewable energy.
“The International Renewable Energy Agency is based in UAE and we are keen for it to assist with a review of our renewable energy options.
“We want to find what would best suit PNG, whether it is one or more of the options such as hydro, solar, biomass, windmills, thermal and waves.
“The expertise that UAE has in desalination and sewage management is also of great interest to PNG.”
There are no fees charged for the national identification (NID) services rollout in Morobe Province
This was revealed by Morobe province program adviser for Community Development Kiun Kimbing yesterday.
Mr Kimbing said as per the directives from National Civil and Identity Registry (NCIR), there wil be no fees charged or should be charged on clients wanting to access NID services.
“All NID applications, registrations and engagement of staff to provide NID services should be free,” he said.
He explained that for mobile kits registration to be conducted for a company or group, there should be an agreement established between those clients and the NCIR, which is then signed by NCIR registrar general and his officers in Port Moresby.
Based on the agreement, Mr. Kimbing said officers in the province will act on the directives given from the NCIR office.
“NID officers in the province are not supposed to go out doing group registration without approval from the NCIR,” he said.
Mr Kimbing urged clients who paid for NID services or witnessed an NID officer charging fees on clients, must report the officer involved to his office so they can deal with that officer concern.
He said all NID papers and processes are free.
“If you witness, experience or know any such officer, do report because that officer is already committing an offence without proper dialogue, agreement and discussion with his/her superiors,” Mr. Kimbing concludes.
MoU Signing Ceremony between Pacific Adventist University and Enga Provincial Government/Enga College of Nursing
Another milestone achieved for Enga’s human development under the leadership of Enga Governor GC Sir Peter Ipatas and fully backed by Wabag Open MP Dr. Lino Jeremaih Tom as Sir PI signed the MoU paving way for students at Enga College of Nursing and PAU.
Hon Dr Lino Moses in his speech thanked Sir Peter Ipatas for reviving the hospital and the school for the people. He also thanked Sir PI for placing him there to spearhead the project under the guidance of Enga Works/Engineering Unit before becoming MP. He also thanked PAU for the MoU.
Sir PI thanked Dr Lino Moses and all the people involved in this vital project. Together We Can Make a difference.
The biggest obstacle we have now is ‘looking after this vital project and many others in the province’. It is everyone’s duty to look after it so that our children’s children’s children can benefit in the long run so that in return those who graduate and work will look after us when the need arises in hospitals.