Papua New Guinea : 2016 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

January 30, 2017

Electronic Access:

Free Full Text (PDF file size is 2859 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Papua New Guinea (PNG) is a resource-rich economy, but low commodity prices and a major drought have weighed on economic growth and created fiscal challenges. Inflation has increased somewhat, partly reflecting the gradual exchange rate depreciation. Foreign exchange (FX) is in short supply, although inflows have recently picked up somewhat and the gross foreign reserve position is expected to remain broadly stable. Non-resource sector growth remains modest, underscoring the need for structural reform. In the lead-up to mid-2017 elections, the political situation has been more fluid than usual.

Series:

Country Report No. 17/22

Subject:

English

Publication Date:

January 30, 2017

ISBN/ISSN:

9781475572384/1934-7685

Stock No:

1PNGEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

66

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