IMF Staff Country Reports

Papua New Guinea: First Reviews under Extended Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility, and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

December 6, 2023

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Papua New Guinea: First Reviews under Extended Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility, and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea, (USA: International Monetary Fund, 2023) accessed December 22, 2024

Summary

Background. On March 22, 2023, the IMF Executive Board approved 38-month Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements with Papua New Guinea to help address a protracted balance of payments need manifested in foreign exchange shortages and to support the authorities’ reforms to address long-standing structural impediments to inclusive growth. While ambitious, the program is focused on macro-critical conditionality, supported by capacity development (CD), and informed by a Country Engagement Strategy, in line with the IMF’s Strategy for Fragile and Conflict-Affected States (FCS).

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

Keywords: Asia and Pacific, Debt sustainability analysis, EFF arrangement, FX policy operation, Global, Liquidity management reform, Outturns data, Staff appraisal

Publication Details

  • Pages:

    111

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/385

  • Stock No:

    1PNGEA2023002

  • ISBN:

    9798400261411

  • ISSN:

    1934-7685

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