Papua New Guinea: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement

October 26, 2000

Preview Citation

Format: Chicago

Papua New Guinea: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2000) accessed November 23, 2024

Summary

Papua New Guinea showed satisfactory performance under the Stand-By Arrangement. Executive Directors commended the macroeconomic stabilization and structural reform, and emphasized the need to maintain fiscal and monetary stances. They appreciated the improved governance, transparency, and efficiency of the public sector, as indicated by the recent assessment of Papua New Guinea's observance of the code on fiscal transparency. They indicated the need to strengthen the technical and managerial capacity of the National Statistical Office, and noted the potential role of technical assistance in improving statistics.

Subject: Banking, Central banks, Economic sectors, Expenditure, Foreign exchange, International reserves, Public sector, Revenue administration

Keywords: Authorities of PNG, CR, End-June deadline, FAD TA mission, Government, Government's willingness, International reserves, ISCR, Preparation, Program performance criterion, Public sector, Public sector reform program, Reform plan, Watchdog agency

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/136
Stock No:

1PNGEA0012000
ISBN:

9781451831634
ISSN:

1934-7685

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