Papua New Guinea: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea

International Monetary Fund

No 2006/099, IMF Staff Country Reports from International Monetary Fund

Abstract: Papua New Guinea’s 2005 Article IV Consultation reports that the economy continues to perform well as the recovery maintains its momentum and the authorities adhere to disciplined fiscal and monetary policies. The central government budget has been estimated to be once more in surplus in 2005, as mining and petroleum revenue remain strong and overall expenditure is kept in check, resulting in a further reduction in public sector debt. Monetary policy has achieved a favorable combination of relatively low interest rates and inflation.

Keywords: ISCR; CR; government; PNG government; core government function; minority equity share; price; private sector credit; monetary policy tool; government's strategy; Non-renewable resources; Global (search for similar items in EconPapers)
Pages: 64
Date: 2006-03-13
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