IMF Staff Country Reports

Papua New Guinea: Staff Report for the 2014 Article IV Consultation

Publication Date:

December 2, 2014

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2014 Article IV Consultation highlights that Papua New Guinea’s economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. With LNG production and exports now starting, resource sector growth is projected to surge in 2015, but spillovers to the rest of the economy may be more limited. Inflation has moderated from its peaks during the construction boom and is likely to remain reasonably low given the global outlook for commodity prices. The ongoing economic transition calls for adjustment of macroeconomic policies to safeguard macrofinancial stability.

Series:

Country Report No. 2014/325

Subject:

Economic and financial statistics Expenditure External debt Foreign exchange Government finance statistics Public debt