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May 13, 2021
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Bank of PNG Partners Border Development Authority

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The Central Bank together with Border Development Authority have inked a partnership to bring financial literacy to communities along Papua New Guinea’s international borders.

The Memorandum of Understanding (MoU) signed this week, will now enable the bank to educate border communities on the importance of being financially literate, and ultimately build a financial savings culture.

As part of the roll-out in providing financial literacy programs, the Bank of Papua New Guinea has secured another strategic partner.

On hand to ink this deal were BPNG Assistant Governor, Ellison Pidik, and BDA Executive Chairman, Fred Konga.

According to Mr Pidik, this MoU is another demonstration of the importance of government agencies working together to provide life-saving financial literacy training to our people.

For the BDA, this program is part of its Trade & Investment Project, and an integral exercise in ensuring that communities along the country’s borders understand the importance of saving their money and ultimately create a savings culture.

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