Moresby Northwest MP Sir Mekere Morauta, 74, passed on Saturday in Australia.
His wife Lady Roslyn Morauta released a statement about his death.
He was battling cancer.
Tributes have been pouring in for a man who is highly regarded for his work as a politician and bureaucrat revolutionising the finance, banking and business sector.
New Ireland Governor Sir Julius Chan described this Kukipi man from Gulf Province a man with very clear vision and determination.
Sir Mekere was a graduate economist from the Univerisity of Papua New Guinea after completing high school in Kerema and senior high school at Sogeri outside Port Moresby.
“Sir Mek and I shared professional and cordial relationship and mutual admiration,” Sir Julius said in a statement earlier today.
Sir Mekere is remembered as the first National Secretary for Finance replacing English man Harry Ritchie in 1973.
Sir Julius Chan was then Minister for Internal Finance.
“Our first international loan pilgrimage for only $US 5 million from the Swiss Bank was repaid back before maturity. Establishing PNG’s credibility without Aussie guarantee.”
“We went from Zurich to St Moritz , where we were lifted in a cable car with snow all around us. It was an experience of a lifetime.”
Sir Julius said then after, their continued personal and working relationship together with Sir Henry ToRobert began the Grand Financial and Banking Revolution for PNG.
He said Sir Mekere was a clear and meticulous thinker. A man with a clear purpose in life.
“Stella and I have lost a great friend and PNG a visionary leader,” Sir Julius said.
“Our prayers are with his family at this time of sorrow.”
Sir Mekere is survived by his wife Lady Roslyn and son James who is a philosophy lecturer in Adelaide, South Australia.