Papua New Guinea PM Orders Probe into SME Fund, Reassigns Commerce Minister

Papua New Guinea's Prime Minister James Marape has taken decisive action regarding the administration of the Government's Small and Medium Enterprise (SME) Fund. He announced the withdrawal of the Commerce and Industry portfolio from Minister Win Daki, pending a thorough independent investigation into allegations surrounding the fund's management.

This move signifies a commitment to transparency and accountability in the handling of public funds. The investigation will scrutinize the processes and decisions made concerning the SME Fund, which is crucial for supporting the growth of small and medium-sized businesses in the country.

The reassignment of the portfolio underscores the seriousness with which the Prime Minister's office is treating these allegations. Further details on the specific nature of the allegations and the scope of the investigation are expected to be released as the process unfolds. Access to the full article requires a subscription.