Push for Modernizing Payment Systems to Boost Local Development Gets Green Light from PNG Government
Push for Modernizing Payment Systems to Boost Local Development Gets Green Light from PNG Government Approved for Release by Hon. Ian Ling-Stuckey, CMG. MP Minister Assisting the Prime Minister on Treasury Matters and Acting Minister for Finance P O Parliament House Waigani. NCD m: +675 71111777 Prime Minister Marape has been making clear at meetings of the Budget Management Committee (BMC) and Government caucus since 2021, that we need to streamline our payment systems to the District level. Bouncing cheques have become a major constraint to local development. The specific call is that all payments to District accounts should be through Electronic Funds Transfer (EFT). For whatever reasons, these directives were never implemented on modernizing our payment systems to the sub-national level of government. This is an area of urgent reform” stated the Minister Assisting the Prime Minister on Treasury Matters and Acting Finance Minister, Ian Ling-Stuckey. “The Marape-Rosso Government ha...