PNG Sovereign Wealth Fund plan derailed by falling oil prices

Papua New Guinea deputy Prime Minister and Treasurer Charles Abel said the collapse of world crude oil prices derailed the Sovereign Wealth Fund (SWF) plan. Picture: THE NATIONAL

PORT MORESBY, 25 APRIL 2019 (THE NATIONAL) – Papua New Guinea deputy Prime Minister and Treasurer Charles Abel said the collapse of world crude oil prices derailed the Sovereign Wealth Fund (SWF) plan. “Part of the reason (for not setting up the SWF) is that we never got much revenue. We were short of revenue. […]

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