25th Anniversary of Sir Mekere as the Best Reforms Prime Minister

25th Anniversary of Sir Mekere as the Best Reforms Prime Minister

14th July 2024 marked 25 years to the day Sir Mekere Morauta was elected Prime Minister. It came and went without any fanfare. In under 3 years, not 3, but under 3 years he delivered so many reforms.

1. We now have a stable financial industry by shielding it from political interference. We have a strong, stable and sound banking sector which is healthy for business and personal banking. A strong savings and loans sector with total deposits/assets standing at K2 billion and slightly under a million contributors. In the superannuation sector, member savings grew from K500 million in 2002 (NPF K150 million and POSF K350 million) to K20 billion today for a million or so working Papua New Guineans.

2. Organic Law on the Integrity of Political Parties and Candidates Law (OLIPAC). This reform enabled Sir Michael Somare’s National Alliance Party and delivered a solid decade of fiscal discipline and strong economic growth that has no parallels in the 50 years of our country’s existence. This is when political stability and concentration of power is used for a good purpose and not for personal ambition and enrichment. Unfortunately for the OLIPAC, we have people who think who know more and over-interpreted the constitution and took up a supreme court reference and killed it. There are God-Given Natural Rights and Man-Made Qualified Rights. This was grossly missed and we lost a tool to tame our politicians.

3. Electoral Reforms. We used to have 20-40% representation in winning candidates to represent the people. That margin for the majority of winning candidates is now above 60%. Sheer numbers speaks that we have enhanced and elevated our democracy for people representation.

4. To protect the assets of Western Province people, OTML and PNGSD were isolated from political interference. Politics got the better of things and appropriated OTML under O’Neill Government. Credit to Sir Mekere, he came back from retirement in 2017 to try and fight to reverse so much of the political disease that ate into our country’s vital organs. But political will wasn’t there.

Besides many other reforms Sir Mekere could have imparted if he had more than 3 years to govern as Prime Minister, he had the concept of creating a National Roads Trust and keep it away from political influence. The intention is to have it as a sustainable mechanism to fund national highways.

We also have the State Owned Enterprises (SOEs). Sir Mekere’s intention was to rehabilitate them and fully or partially privatise them. He was lucky with merging a bankrupt PNGBC with BSP. However, he didn’t have the time to finish his work.

Ross Garnaut once asked Sir Mekere: You have created so many successful institutions and systems. What happens when those after you come and destroy them?

Sir Mekere responded: It does not matter what may happen after. The important measure is that it has been proven forever that it can be done by Papua New Guineans.

It always occurs to me how much more Sir Mekere could have achieved for PNG if he had one full 5-year term or two. I have no answer for it. But we can be thankful he came along and shown us that it can be done.

Please watch the video below in remembrance of Sir Mekere being elected as Prime Minister on the 14th of July 1999.https://youtu.be/bWUMaJqiLrg

Boniface Aipi

Research Manager at the Bank of Papua New Guinea

4 个月

The best prime minister ever to lead this nation. His legacy still lives on.

Ote Hauwa

(WAS)_WITH INVENTORY @ CPL

4 个月

Sir Mek, initiated and achieved a lot just during his official three year term. His policies still work at present... Now the challenge reminds for those like-minded Parliamentarians to emulate and continue with creating of sound Policies, especially if they have been sitting there more than that of the knight. Yet just imagine if he was living and active in Politics today....

John Wauwe

Transpower Company Limited

4 个月

It was very unfortunate that he did not last long as PM. We certainly would have seen more and better changes.

Alphonse Wapa

Tax Professional at Internal Revenue Commission PNG

4 个月

Sir Mek, PNG'S best and finest.??????

Sebastian Silih

Director Corporate Services at Office of the Public Prosecutor

4 个月

Yes his legacy lives on.

要查看或添加评论,请登录

Charlie Gilichibi的更多文章

  • Superannuation Educational Series

    Superannuation Educational Series

    I will be publishing short educational videos of 3-5 minutes after 30th of September 2024 relating to superannuation…

    8 条评论
  • ASSET ALLOCATION MODELS

    ASSET ALLOCATION MODELS

    Asset allocation models are strategies that investors use to distribute their investments across various asset classes,…

  • ADVICE TO ALL EMPLOYEES

    ADVICE TO ALL EMPLOYEES

    ADVICE TO ALL EMPLOYEES: 1. Build a home earlier.

    8 条评论
  • AUSTRALIA SHOULD LISTEN TO PNG, NOT IMF

    AUSTRALIA SHOULD LISTEN TO PNG, NOT IMF

    23rd of November, 2023 – The National Below are the views of writer Stephen Howes on the International Monetary Fund’s…

    4 条评论
  • Near impossible to produce rice locally

    Near impossible to produce rice locally

    How can we get rice grown locally, packaged and sold more affordably compared to imported rice? Note, it's not a…

    13 条评论
  • Savings Write Down for PNG Workers

    Savings Write Down for PNG Workers

    A back-of-the-envelope analysis I did based on publicly available data from annual reports and PNGX regarding the…

    7 条评论
  • MY OPTIMAL SUPER PORTFOLIO

    MY OPTIMAL SUPER PORTFOLIO

    If given an investment choice to construct my own super fund portfolio for my savings, I will have 50% allocated to BSP…

    1 条评论
  • How the Best CEOs Get the Important Work Done

    How the Best CEOs Get the Important Work Done

    One of my best articles of all time. Best read for those aspiring to C-Suite roles, including CEOs in the future.

  • Regionalism Problem Solve to Elect PM Directly by People

    Regionalism Problem Solve to Elect PM Directly by People

    HOW TO BEAT REGIONALISM & ELECT PM DIRECTLY BY PEOPLE OPTION 1 12 months before issuing of writs for the next general…

    3 条评论
  • Double Bypass to Save PNG

    Double Bypass to Save PNG

    An illustrative analogy illuminating the concept and upsides of people voting directly for the PM with accountability…

    2 条评论

社区洞察

其他会员也浏览了