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Papua New Guinea's Nasfund reports a robust 11.75% interest rate despite national financial turmoil.
Papua New Guinea's National Superannuation Fund (Nasfund) reported a strong financial year, crediting members with an interest rate of 11.75% and distributing over K849 million to 715,000 members.
Despite facing civil unrest and a government cash flow crisis, Nasfund achieved a profit of K848 million and reached an asset value of K8.1 billion.
This performance was driven by valuation gains, especially from investments in Bank South Pacific.
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El Nasfund de Papúa Nueva Guinea reporta una fuerte tasa de interés del 11,75 % a pesar de las turbulencias financieras nacionales.