17/06/2026
Driving economic growth through strategic local investment.
A recent official press statement from the Minister for Treasury, Hon. Ian Ling-Stuckey, has commended Nasfund’s strong focus on domestic investments as a vital driver in stabilizing the Kina and supporting the national economy.
The Treasury's update follows a productive consultation between the Minister, the Banking Association of PNG, and Nasfund leadership, represented by Chairman Christopher Elphick and CEO CA Rajeev Sharma , CPA , GAICD (who also serves as Chair of the Association of Superannuation Funds PNG).
The meeting highlighted the robust health of PNG’s financial sector-which has averaged a 6% real growth rate over the last three years and focused on collaborative strategies to keep this momentum going.
Key takeaways from the Treasury statement include:
• Prioritizing Domestic Investment:
The Treasurer acknowledged Nasfund for aggressively seeking high-value domestic investments to balance offshore portfolios. This strategy directly supports local business growth and currency stability.
• Market Efficiency:
Discussions advanced on developing secondary government security markets and inter-bank liquidity. This will allow banks to trade more efficiently, reducing the need for Central Bank interventions and saving taxpayer funds.
• Regulatory Alignment:
The sector expressed strong support for the practical implementation of global tax transparency measures to counter money-laundering and protect the integrity of the financial system.
Record distributions from superannuation funds rely on a strong domestic economy. Nasfund remains committed to working alongside the State and the broader financial sector to deliver the best possible retirement outcomes for our members.
