Papua New Guinea: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, November 10, 2004
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- Canonical URL
- Papua New Guinea: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: November 10, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831665.002
Macroeconomic performance (findings)
- Macroeconomic performance improved from mid-2003, helped importantly by favorable temporary factors that boosted the mineral and agricultural sectors.
- In 2003, real GDP is estimated to have grown by 2.7 percent, following three years of decline.
- Agricultural output gains noted:
- Coffee and cocoa production benefited from better weather conditions.
- Production of palm oil, rubber, tea, and copra oil also increased.
Medium-term outlook (government development strategy)
- The government’s development strategy outlines a medium-term economic outlook aiming to achieve real GDP growth of 2½ percent annually in 2004–09.
Thematic coverage (subjects and key issues highlighted)
- Budget planning and preparation
- Environment
- Expenditure
- External debt
- Non-renewable resources
- Public debt
- Public financial management (PFM)
_ Pap ua New Guinea: Staff Report for the 2004 Article IV Consultation, International Monetary Fund._