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

International Monetary Fund

No 2023/420, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance report discusses Papua New Guinea’s Financial Soundness Indicators (FSI) mission. The mission, in collaboration with the Bank of Papua New Guinea staff, updated the bridge tables from the source data for compiling FSIs for deposit takers (DT) and developed new ones to compile FSIs for Life Insurance Corporations and pension funds (PF) for reporting to IMF’s Statistics Department. The mission identified several areas for improvements in data collection and methodological framework. The mission also updated the metadata and institutional coverage report forms accompanying the publication of FSIs. The 2019 FSIs Guide recommends the collection and dissemination of data on other comprehensive income in the income and expense statements for DTs, ICs and PFs. The Basel I regulatory framework is applied uniformly to all commercial banks, licensed financial institutions and microfinance institutions.

Keywords: 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 (search for similar items in EconPapers)
Pages: 28
Date: 2023-12-15
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