Papua New Guinea: 2012 Article IV Consultation: Staff Report; Public Information Notice

June 1, 2012

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Papua New Guinea: 2012 Article IV Consultation: Staff Report; Public Information Notice, (USA: International Monetary Fund, 2012) accessed December 22, 2024

Summary

Papua New Guinea has seen solid economic growth over the past decade, supported by sound macroeconomic policies. This 2012 Article IV Consultation discusses that the financial sector in Papua New Guinea remains profitable and well capitalized, but vulnerabilities have increased. Executive Directors have commended the authorities for achieving macroeconomic stability and a sustainable fiscal position. To preserve these achievements and promote inclusive development, it will be important to combine steady, affordable growth in government spending with improvements in public financial management and expenditure effectiveness.

Subject: Banking, Economic and financial statistics, Expenditure, External debt, Government finance statistics, Monetary statistics, Public debt

Keywords: CR, Exchange rate, Follow-up PFTAC BOP mission, Fund, GDP, Global, Government finance statistics, Headline inflation, IMF's view, Inflation expectation, Inflation pressure, ISCR, Monetary statistics, PFTAC, Private sector, Revenue

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/126
Stock No:

1PNGEA2012001
ISBN:

9781475504033
ISSN:

1934-7685

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