PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608766

Primary Business Area

Other

Disclosure Date

Aug 19, 2025

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Apr 25, 2024

Status

Active

Estimated Total Budget

$803,841.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 3, 2025

Project Estimated Start Date

Apr 26, 2024

Project Estimated End Date

Jun 30, 2026

Client Legal Name

BANK OF PAPUA NEW GUINEA

Project Description

The Project will assist BPNG to align their licensing policies and procedures with international minimum standards and introduce Savings and Loans Societies (SLS) prudential standards. Doing so should help deliver a sound platform and framework for assessing applications for banking licenses and ensuring any banking entrants are in the best position to transform and meet the additional responsibilities of becoming a bank. This in turn could be expected to support confidence in the outcome of licensing decisions; improve the transparency and efficiency of the process and potentially attract more strong applicants.

Development Results

E&S Risks / Impacts and Mitigation