Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report

February 22, 2022

Preview Citation

Format: Chicago

Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report, (USA: International Monetary Fund, 2022) accessed December 28, 2024

Summary

Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real GDP is estimated to rebound modestly to grow by 1.7 percent in 2021 after the downturn in 2020. Elections are due to take place in June 2022, and the formal campaign period will commence by end-April.

Subject: Debt sustainability, Debt sustainability analysis, External debt, International organization, Monetary policy, Public debt, Revenue administration

Keywords: D. addressing governance, Debt sustainability, Debt sustainability analysis, Distress rating, Global, IMF resident representative, IMF's transparency policy, Pacific Islands, Policy formulation, Policy setting, Staff appraisal

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/055
Stock No:

1PNGEA2022001
ISBN:

9798400201271
ISSN:

1934-7685

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