Group photo of key stakeholders that attended the GFC workshop on 14th March 2025 in Port Moresby, PNG

March 14, 2025

The Green Finance Centre (GFC) 5-Year Strategy Workshop in Port Moresby marked a major milestone in advancing sustainable finance in Papua New Guinea. As GFC approaches its one-year anniversary, this workshop brought together key stakeholders to refine the Centre’s strategic direction, validate its implementation roadmap, and strengthen partnerships to accelerate green investment.

Head of Green Finance Centre Mohinesh Prasad presenting the latest progress of the GFC to key stakeholders.

The discussions focused on strengthening policy frameworks that support green finance, scaling up financial instruments to drive sustainable investments, enhancing private sector engagement to mobilize green capital, and positioning Papua New Guinea as a leader in the Pacific’s green finance ecosystem. With the evolving financial landscape, the workshop provided a platform to align priorities, ensure regulatory development, and identify opportunities for investment mobilization.

Group work in progress. Discussions on green finance opportunities.

Reflecting on the Centre’s progress, Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia highlighted the importance of this strategic review, stating, “Since the Green Finance Centre launch last year in March, we’ve made real progress in promoting climate resilience, green investments, and sustainable economic growth. The foundation is in place, but there’s still much to do. As we approach the GFC’s one-year anniversary, this workshop is very valuable—an excellent opportunity to review, refine, and strengthen our roadmap for the next five years, ensuring our plans are both ambitious and achievable.”

BPNG Governor Elizabeth Genia delivering her opening speech for the workshop

Benoit Chassatte, Country Representative of the Agence Française de Développement (AFD) in the Pacific, also emphasized AFD’s commitment to advancing green finance in PNG, stating, “We are very proud to be partners in this ambitious initiative to promote green finance in PNG. We’re very much delighted to be part of this ambitious target.”

Adding to this, Muhammad Ali Shaikh, Country Representative of the Global Green Growth Institute (GGGI) in PNG, reaffirmed GGGI’s role in driving sustainable finance, stating, “GGGI is deeply committed to supporting PNG’s transition to an inclusive green financial system. As the technical delivery partner for the Inclusive Green Finance project, we recognize that green finance is not just an environmental imperative—it is a transformative economic opportunity that will shape PNG’s financial landscape for decades to come.”

GGGI Country Representative Muhammad Ali Shaikh delivers closing remarks.

Bringing together representatives from the Bank of Papua New Guinea, Agence Française de Développement, the Global Green Growth Institute, key government ministries, development partners, financial institutions, and the private sector, the workshop reinforced the importance of collaboration in achieving PNG’s sustainability goals. With a clear strategy, strong partnerships, and a commitment to green finance, Papua New Guinea is taking bold steps toward a more sustainable and resilient financial future.