Executive Board
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Board Discussions
on Papua New Guinea:

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November 11, 2013
May 18, 2011
March 16, 2009
February 15, 2008
March 7, 2007

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 5.8 19.6
Consumer Prices 5.3 5.0
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Papua New Guinea: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Papua New Guinea

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Papua New Guinea and the IMF
Updated April 12, 2014

The last Article IV Executive Board Consultation was on November 11, 2013. Listed below are items related to Papua New Guinea, in reverse chronological order (you can also view items by category).

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April 24, 2004 -- IMFC Statements Hon. Peter Costello, MP, Australian Treasurer
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 575Kb
September 23, 2003 -- Statement by H.e. Bart Philemon, Governor of the World Bank for Papua New Guinea, at the Joint Annual Discussion
PDF File Size: 115Kb
September 21, 2003 -- Statement by The Hon. Peter Costello, M.P. Treasurer of Australia, to the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
On behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
June 25, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Papua New Guinea
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 25, 2003 -- Papua New Guinea: Selected Issues and Statistical Appendix
Series: Country Report No. 03/176
June 25, 2003 -- Papua New Guinea: 2003 Article IV Consultation and Request for an Extension of Repurchase Expectations--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea
Series: Country Report No. 03/178
April 12, 2003 -- IMFC Statement by Senator the Hon. Ian Campbell, Parliamentary Secretary to the Treasurer of Australia, April 12, 2003
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea, Marshall Islands, Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
September 29, 2002 -- Statement by the Hon. Bart Philemon, Governor of the World Bank for Papua New Guinea, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
PDF File Size: 137Kb
September 28, 2002 -- Statement by The Hon. Peter Costello, M.P., Treasurer of Australia, to the International Monetary and Financial Committee, Washington, D.C., September 28, 2002
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 20, 2002 -- IMFC Statement by Senator The Hon. Ian Campbell Parliamentary Secretary to the Treasurer of Australia, April 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
November 17, 2001 -- Statement by The Hon. Peter Costello, Treasurer of Australia to the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
October 23, 2001 -- Papua New Guinea: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria - Staff Report; Staff Statement; News Brief on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea
Series: Country Report No. 01/184
October 23, 2001 -- Papua New Guinea: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria - Staff Report; Staff Statement; News Brief on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea
Series: Country Report No. 01/184
September 24, 2001 -- News Brief: IMF Concludes Fourth Review of Papua New Guinea Program, Approves US$24 Million Credit
August 31, 2001 -- Papua New Guinea Letter of Intent and Memorandum of Economic and Financial Policies, August 31, 2001
This Letter of Intent of the government of Papua New Guinea describes the policies that Papua New Guinea intends to implement in the context of its request for financial support from the IMF.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the Development Committee , April 30, 2001
On behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the International Monetary and Financial Committee, April 29, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia - International Monetary and Financial Committee and Development Committee, April 29, 2001
On behalf of the World Bank constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu and the IMF constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, the Seychelles, Solomon Islands and Vanuatu.
April 23, 2001 -- News Brief: IMF Approves US$48 Million Credit to Papua New Guinea
April 06, 2001 -- Papua New Guinea Letter of Intent and Supplementary Memorandum of Economic and Financial Policies, April 6, 2001
This Letter of Intent of the government of Papua New Guinea describes the policies that Papua New Guinea intends to implement in the context of its request for financial support from the IMF.

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