Treasurer Don Polye said this when addressing a Commonwealth finance ministers and senior finance officials meeting last week in Washington D.C in the United States.
Mr Polye, a governor for World Bank and International Monetary Fund representing PNG, was responding to an agenda in the meeting on how to mitigate financial shortfalls for the member countries.
The ministerial plenary agenda for 2013 was arranged around the theme of the post-2015 global development framework.
Mr Polye, who has been recently appointed as the Chairman for World Bank/IMF and will assume office starting next year, said PNG had taken the lead in embracing the partnership model.
said PNG as being a recipient of the Asian Development Bank Funds
among others for infrastructure development to help cushion budget deficits in the country.
has urged the Commonwealth Secretariat to design policy guidelines to insure fragile economies against natural disasters given that Oro province and Cook Islands were hit by cyclones and this had affected the people's livelihood.
had other meetings with international organisations representatives and counterparts in the best interest of the nation.