Papua New Guinea : Staff Report for the 2003 Article IV Consultation and Request for an Extension of Repurchase Expectations

Author/Editor:

International Monetary Fund

Publication Date:

June 25, 2003

Electronic Access:

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Summary:

This paper assesses Papua New Guinea’s 2003 Article IV Consultation and a Request for an Extension of Repurchase Expectations. Since the mid-1990s, Papua New Guinea’s growth performance has been weak and poverty has increased owing to an unfavorable external environment, loose macroeconomic policies, and deep-seated structural impediments to growth. The IMF staff supports the authorities’ request to extend their repurchase expectations to the IMF in light of the weakness in Papua New Guinea’s balance-of-payments position and the deterioration in key external indicators mainly because of lower mineral exports over the medium term.

Series:

Country Report No. 03/178

Subject:

English

Publication Date:

June 25, 2003

ISBN/ISSN:

9781451831689/1934-7685

Stock No:

1PNGEA0022003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

52

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