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The federal government needs to assist our major banks re-engage with PNG

By Jeffrey Wall - posted Friday, 6 January 2023


But its impact needs to be more substantial than usual!

A look at how we can raise our profile in the key banking and finance sectors merits at the very least consideration.

Marape does not like the dominant position of one bank, even though it is locally owned.

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I sense he is frustrated at the reduced Australian banking presence. He would welcome that changing - but he is a deft card player so if Australia won't he has no problem with China.

The Australian national interest demands the issue be seriously examined.

The PM's visit provides a good opportunity to begin that process.

 

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About the Author

Jeffrey Wall CSM CBE is a Brisbane Political Consultant and has served as Advisor to the PNG Foreign Minister, Sir Rabbie Namaliu – Prime Minister 1988-1992 and Speaker 1994-1997.

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