Papua New Guinea: 2012 Article IV Consultation: Staff Report; Public Information Notice
IMF Staff Country Reports, June 1, 2012
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- Papua New Guinea: 2012 Article IV Consultation: Staff Report; Public Information Notice
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Bibliographic details
- Published: June 1, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475504033.002
Summary findings
- Papua New Guinea has seen solid economic growth over the past decade, supported by sound macroeconomic policies.
- The financial sector in Papua New Guinea remains profitable and well capitalized, but vulnerabilities have increased.
- Executive Directors commended the authorities for achieving macroeconomic stability and a sustainable fiscal position.
Policy recommendations and implications
- To preserve macroeconomic achievements and promote inclusive development:
- Combine steady, affordable growth in government spending with improvements in public financial management.
- Improve expenditure effectiveness.
Subject areas and keywords highlighted
- Subject: Banking, Economic and financial statistics, Expenditure, External debt, Government finance statistics, Monetary statistics, Public debt
- Keywords: CR, exchange rate, follow-up PFTAC BOP mission, fund, GDP, Global, Government finance statistics, headline inflation, IMF's view, inflation expectation, inflation pressure, ISCR, Monetary statistics, PFTAC, private sector, revenue
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