PNG’s Bakani defends board’s overseas travel expenses

Governor crosses swords with predecessor on location of board meeting

Loi Bakani
PNG governor Loi Bakani
Bank of Papua New Guinea

The governor of the Bank of Papua New Guinea (PNG) has hit back at one of his predecessors, who claims a board meeting held in the Federated States of Micronesia (FSM) is an “outrage”.

Former governor Mekere Morauta expresses concern in a public article, published on September 20, that the central bank wasted resources in sending the board overseas for its meeting.

“Can the governor tell us how much this trip is costing the bank?” asks Morauta. “How much is it costing for the entire board of

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