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

International Monetary Fund

No 2012/126, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; revenue; private sector; PFTAC; fund; headline inflation; inflation pressure; follow-up PFTAC BOP mission; exchange rate; inflation expectation; IMF's view; Monetary statistics; Government finance statistics; Global (search for similar items in EconPapers)
Pages: 72
Date: 2012-06-01
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