The President of the Australia Papua New Guinea Business Council, Mr Alan Walter (Chief Executive, Westpac Pacific Banking), today signed a Memorandum of Understanding (MOU) with Australian Business Volunteers (ABV) under which the Council and ABV will work together to build capacity in businesses in Papua New Guinea.
Mr George Morrow, Chief Executive, signed the MOU on behalf of ABV.
"We are delighted to enter into this relationship to work together in developing business capacity in Papua New Guinea’, Mr Walter and Mr Morrow said.
"It is essential for Papua New Guinea’s economic and social development that its economy grows on the back of private business development."
"There are many synergies between ABV and the Council which can be utilised to support and develop businesses in Papua New Guinea," Mr Walter and Mr Morrow said.
ABV is a development agency, largely funded by AusAID, which seeks to reduce poverty and build sustainable economies in the developing countries of the Asia Pacific region. At the request of small businesses in these countries, ABV sends expert Australian volunteers to transfer workplace skills via training and mentoring, to build the skills capacity within these businesses.
The Australia Papua New Guinea Business Council was established in 1980 as a not-for-profit association to promote effective business relationships between Australia and Papua New Guinea through the promotion of trade and investment and supporting economic growth in Papua New Guinea. It operates alongside the Australia Fiji and Australia Pacific Islands Business Councils.
FOR FURTHER INFORMATION CONTACT:
Australian Business Volunteers: Linda Elliott, Director - Communications (Tel + 61 2 6285 1686)
Australia Fiji Business Council: Frank Yourn, Executive Director (Tel +61 7 3348 5142) |
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