The Independent Public Business Corporation of Papua New Guinea (IPBC) was established in 2002, as an Independent Entity under its own Act to hold the majority of state-owned commercial assets in trust and to manage those assets prudently to improve commercial performance and underpin economic development.

Its mission is to institute stronger governance, best practice and commercial accountabilities structures in IPBC to maximize the value of its assets and investments for the benefit of the State and the people of Papua New Guinea

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