Empowering Future Financial Leaders: SCPNG Supports Young Minds Savings Campaign in Milne Bay

Port Moresby, August 12, 2024 –

The Securities Commission of Papua New Guinea (SCPNGSCPNG Securities Commission of Papua New Guinea) proudly supported and participated in the Young Minds Savings Campaign (YMSC) in Milne Bay Province from August 7th to 9th. Acting Executive Chairman, Mr. James Joshua, highlighted the campaign’s focus on teaching students the importance of financial skills, emphasizing the theme “Save Now For A Secured Future.” The campaign, part of the National Financial Inclusion Strategy led by the Centre for Excellence in Financial Inclusion (CEFI), saw banks such as BSP, MiBank, Mama Bank, and TISA Bank promoting savings products to students. Many eagerly opened new accounts, laying the foundation for a secure financial future. SCPNG also distributed informational brochures on its statutory regulatory functions, marking a significant step towards advancing investor education in PNGPNG Papua New Guinea’s capital market. The initiative, a collaboration with the Bank of Papua New Guinea (BPNG) and the Milne Bay Provincial Government, was SCPNG’s first engagement under a new MOU with CEFI.