Papua New Guinea: Staff Report for the 2013 Article IV Consultation

Publication Date: December 03, 2013
Electronic Access: Free Full text (PDF file size is 2,131KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: This 2013 Article IV Consultation highlights that Papua New Guinea has achieved strong economic growth over the past decade, benefiting from high commodity prices, mineral investment inflows, sound macroeconomic policies, and financial sector stability. The current account deficit is expected to narrow sharply in 2013 as imports and income outflows decline with the winding down of liquefied natural gas project construction. The Bank of Papua New Guinea has kept the policy interest rate unchanged since early 2013 given weakening nonmineral sector demand, but has issued central bank bills and raised cash reserve requirements to absorb excess liquidity in the banking system.
Series: Country Report No. 13/339
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Budget deficits | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Papua New Guinea

Publication Date: December 03, 2013
ISBN/ISSN: 9781475556216/1934-7685 Format: Paper
Stock No: 1PNGEA2013001 Pages: 68
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to