Papua New Guinea: Technical Assistance Report-Report on Financial Soundness Indicators Mission (November 14-18, 2022)

Author: International Monetary Fund. Statistics Dept.

Volume/Issue: Volume 2023 Issue 420

Publication date: December 2023

ISBN: 9798400262654

$20.00

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , Papua New Guinea , Financial Soundness Indicators , 2019 FSIs Guide , Deposit takers , Other financial corporations , Insurance corporations , Pension funds , TA mission , BPNG staff , FSIs coverage , Papua New Guinea Office of Insurance Commissioner , Financial statements , Loans , Financial sector , , staff team of the International Monetary Fund , development department , IMF executive directors , IMF's Statistics department , bank supervision department , financial systems development department , Capital adequacy requirements

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Summary

At the request of the Bank of Papua New Guinea (BPNG), and with the support of the International Monetary Fund’s (IMF’s) Asia and Pacific Department (APD), the Statistics Department (STA) conducted an in-person technical assistance (TA) mission on the compilation of financial soundness indicators (FSIs) during November 14-18, 2022, in Port Moresby. Prior to the mission, the BPNG was compiling and reporting a set of FSIs to STA which are disseminated in the IMF’s FSI data portal. The mission, in collaboration with the BPNG staff, updated the methodologies for compiling FSIs for deposit takers and developed new FSIs for life insurance corporations and pension funds in line with the 2019 FSIs Guide, for reporting to STA. This mission is financed by the Financial Sector Stability Fund (FSSF) FSIs Sub-Module.