Papua New Guinea: 2025 Article IV Consultation, Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criterion, Modification of a Quantitative Performance Criterion, and First Review Under the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

International Monetary Fund

No 2025/134, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Papua New Guinea’s 2025 Article IV Consultation, Fourth Reviews under the Extended Arrangement under the Extended Fund Facility and the Arrangement under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criterion, Modification of a Quantitative Performance Criterion, and First Review under the Arrangement under the Resilience and Sustainability Facility (RSF). Papua New Guinea’s economic outlook remains positive as structural reforms continue to bear fruit. The outlook is subject to significant downside risks, as Papua New Guinea is vulnerable to both domestic and external shocks. Program performance has remained satisfactory, with the authorities displaying a sustained commitment to reforms. Reforms under the new RSF arrangement will help the authorities build resilience against climate-related risks and address structural balance of payments vulnerabilities. The IMF-supported programs will continue to support Papua New Guinea’s homegrown reform agenda, focusing on strengthening debt sustainability, alleviating foreign exchange shortages, fostering good governance, and building climate resilience, while protecting the vulnerable and promoting inclusive and sustainable growth.

Keywords: TA mission; ICAC oversight committee; emergency liquidity assistance framework; PNG agriculture commercialization; TA support; Climate change; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global; Asia and Pacific; Pacific Islands (search for similar items in EconPapers)
Pages: 164
Date: 2025-06-18
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=567819 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2025/134

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().