The Bank of Papua New Guinea (BPNG) has a new Deputy Governor in Dr Gae Yandabing Kauzi

The Bank of Papua New Guinea (BPNG) has a new Deputy Governor in Dr Gae Yandabing Kauzi, who has been with BPNG for more than twenty years as a researcher, research coordinator, Research Department Manager, and more recently as Assistant Governor – Monetary & Economic Policy Group.

In making the announcement this week, BPNG Governor Loi Bakani said Dr. Kauzi has experience in monetary and economic policy and will lead and contribute to enhancing and sustaining BPNG’s capacity in policy areas.

“The Bank of Papua New Guinea continues to realign its functions to ensure it can effectively and efficiently deliver in its mandated core functions of monetary policy management, oversight and supervision of payments and financial systems, and provision of banking and advisory services to the government,” Bakani said.

Dr Kauzi, who comes from Siboma Village of Morobe Patrol Post LLG in the Morobe Province, attained a Masters Degree in Policy Economics in 1991 from University of Illinois, USA, under the US Government Fulbright Scholarship, and his Ph.D. in Economics in 2004 from the Monash University, Australia in 2004, under the AusAid Scholarship, and has worked with BPNG for the last twenty-three years.

Prior to working with BPNG, Kauzi worked with the Morobe Provincial Government for 2 and a half years, and then with the National Department of Agriculture & Livestock for 7 years.

Kauzi will be in charge of one of the three core functions of BPNG, which is formulation and conduct of monetary policy. He will also work with other Assistant Governors on policy related matters in the Supervision and Financial Markets areas.

Governor Bakani and Deputy Governor Kauzi, are ably supported by Assistant Governors Elizabeth Genia, (Corporate Affairs), Joe Teria (Finance and Payment Group) and Ellison Pidik, (Financial System Stability Group)

The appointment for Dr. Gae Yandabing Kauzi as Deputy Governor is for 5 years.