IMF Staff Country Reports

Papua New Guinea: Technical Assistance Report-Report on Financial Soundness Indicators Mission (November 14-18, 2022)

Publication Date:

December 15, 2023

Electronic Access:

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Summary:

At the request of the Bank of Papua New Guinea (BPNG), and with the support of the International Monetary Fund’s (IMF’s) Asia and Pacific Department (APD), the Statistics Department (STA) conducted an in-person technical assistance (TA) mission on the compilation of financial soundness indicators (FSIs) during November 14-18, 2022, in Port Moresby. Prior to the mission, the BPNG was compiling and reporting a set of FSIs to STA which are disseminated in the IMF’s FSI data portal. The mission, in collaboration with the BPNG staff, updated the methodologies for compiling FSIs for deposit takers and developed new FSIs for life insurance corporations and pension funds in line with the 2019 FSIs Guide, for reporting to STA. This mission is financed by the Financial Sector Stability Fund (FSSF) FSIs Sub-Module.

Series:

Country Report No. 2023/420

Subject:

Capital adequacy requirements Financial institutions Financial regulation and supervision Financial sector policy and analysis Financial soundness indicators Financial statements International organization Loans Monetary policy Public financial management (PFM)

Frequency:

regular