Papua New Guinea: 2025 Article IV Consultation, Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criterion, Modification of a Quantitative Performance Criterion, and First Review Under the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea
IMF Staff Country Reports, June 18, 2025
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- Papua New Guinea: 2025 Article IV Consultation, Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criterion, Modification of a Quantitative Performance Criterion, and First Review Under the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea
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Bibliographic details
- Published: June 18, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229014366.002
Overview
- Document presents Papua New Guinea’s 2025 Article IV Consultation; Fourth Reviews under the Extended Arrangement under the Extended Fund Facility and the Arrangement under the Extended Credit Facility; Requests for a Waiver of Nonobservance of Performance Criterion; Modification of a Quantitative Performance Criterion; and First Review under the Arrangement under the Resilience and Sustainability Facility (RSF).
- Publication date: June 18, 2025.
- The IMF-supported programs will continue to support Papua New Guinea’s homegrown reform agenda, focusing on strengthening debt sustainability, alleviating foreign exchange shortages, fostering good governance, and building climate resilience, while protecting the vulnerable and promoting inclusive and sustainable growth.
Economic outlook and risks
- Papua New Guinea’s economic outlook remains positive as structural reforms continue to bear fruit.
- The outlook is subject to significant downside risks, as Papua New Guinea is vulnerable to both domestic and external shocks.
- Reforms under the new RSF arrangement will help the authorities build resilience against climate-related risks and address structural balance of payments vulnerabilities.
Program performance and policy implementation
- Program performance has remained satisfactory, with the authorities displaying a sustained commitment to reforms.
- Reforms under the RSF arrangement are explicitly aimed at building resilience against climate-related risks and addressing structural balance of payments vulnerabilities.
- IMF-supported programs will continue to:
- Strengthen debt sustainability.
- Alleviate foreign exchange shortages.
- Foster good governance.
- Build climate resilience.
- Protect the vulnerable and promote inclusive and sustainable growth.
Thematic coverage and keywords
- Subject areas: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Crime, Environment, External debt, Foreign exchange, Public debt.
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, Climate change, emergency liquidity assistance framework, Global, ICAC oversight committee, Pacific Islands, PNG agriculture commercialization, TA mission, TA support.
Content in this bundle
- 1pngea2025001-print-pdf