Create sovereign wealth fund for PNG

PAPUA New Guinea should research into Norway’s sovereign wealth fund, which is the world’s most successful sovereign wealth fund.
The fund known as “ Government pension fund” currently holds trillions in deposits for people of Norway.
Investments in aerospace, transportation, energy, finance, listed stocks and bonds generate large interest income revenues for Norwegians.
PNG is generating millions of kina from business in oil, gas, gold, copper and agriculture but there is no savings for future generations.
The non-renewable resources are depleting and the future generations will struggle to survive if our leaders do not do anything about building a future for them.

John Samar,
NCD