Papua New Guinea: Selected Issues Paper and Statistical Appendix

June 10, 2010

Preview Citation

Format: Chicago

Papua New Guinea: Selected Issues Paper and Statistical Appendix, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This Article IV Consultation reports that the main challenge is to maintain macroeconomic stability in substantial demand shock from the construction of two major liquefied natural gas projects. The global downturn had only a mild impact, as growth was supported by still strong terms of trade, a financial sector insulated from global capital markets, and an increase in public expenditure. IMF staff stressed that monetary policy needed to be focused on emerging inflation pressures and act preemptively to avoid high inflation from becoming entrenched in expectations.

Subject: Environment, Expenditure, Fiscal governance, Fiscal policy, Inflation, Natural resources, Prices

Keywords: CR, Drivers of inflation, Fiscal governance, Global, Inflation, Inflation data, Inflation expectation, Inflation in Papua New Guinea, Inflation process, ISCR, Natural resources, Pacific Islands

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/163
Stock No:

1PNGEA2010001
ISBN:

9781455204632
ISSN:

1934-7685

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