Papua New Guinea: 2010 Article IV Consultation: Staff Report and Public Information Notice
IMF Staff Country Reports, June 10, 2010
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- Papua New Guinea: 2010 Article IV Consultation: Staff Report and Public Information Notice
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Bibliographic details
- Published: June 10, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455204649.002
Overview
- Real activity in Papua New Guinea was relatively unaffected by the global downturn.
- Growth eased to roughly 5 percent in 2009 from 7 percent in 2008.
- The summary emphasizes resilience of the economy during the global downturn and identifies key channels supporting performance.
Economic performance (2008–2009)
- Growth: "roughly 5 percent" in 2009.
- Growth: "7 percent" in 2008.
- Domestic credit: continued to grow, albeit at a slower pace than in the preceding few years.
- Export demand: held up as stimulus measures in other Asian countries supported demand for commodities, the country’s main export.
Financial sector and external conditions
- The country’s financial sector was insulated from the turmoil in global capital markets.
- Export demand for commodities was supported by stimulus measures in other Asian countries.
Thematic focus (as listed in the publication)
- Banking
- Commodity prices
- Environment
- External debt
- Inflation
- Non-renewable resources
- Prices
- Public debt
Keywords (as listed in the publication)
- article IV consultation
- Commodity prices
- CR
- exchange rate
- GDP
- Global
- IDA lending operation
- Inflation
- inflation expectation
- inflation pressure
- ISCR
- lapse of time procedure
- mineral revenue
- Non-renewable resources
- rate of drawdown
Papua New Guinea: 2010 Article IV Consultation: Staff Report and Public Information Notice (IMF Staff Country Report No. 2010/164), June 10, 2010.