{
  "title": "Papua New Guinea: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, November 10, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/papua-new-guinea-staff-report-for-the-2004-article-iv-consultation-17832",
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  "summary": "This 2004 Article IV Consultation highlights that Papua New Guinea’s macroeconomic performance has improved from mid-2003, helped importantly by the favorable temporary factors that boosted the mineral and agricultural sectors. In 2003, real GDP is estimated to have grown by 2.",
  "publishDate": "2004-11-10",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance (findings)",
      "content": "- Macroeconomic performance improved from mid-2003, helped importantly by favorable temporary factors that boosted the mineral and agricultural sectors.\n- In 2003, real GDP is estimated to have grown by 2.7 percent, following three years of decline.\n- Agricultural output gains noted:\n  - Coffee and cocoa production benefited from better weather conditions.\n  - Production of palm oil, rubber, tea, and copra oil also increased."
    },
    {
      "heading": "Medium-term outlook (government development strategy)",
      "content": "- The government’s development strategy outlines a medium-term economic outlook aiming to achieve real GDP growth of 2½ percent annually in 2004–09."
    },
    {
      "heading": "Thematic coverage (subjects and key issues highlighted)",
      "content": "- Budget planning and preparation\n- Environment\n- Expenditure\n- External debt\n- Non-renewable resources\n- Public debt\n- Public financial management (PFM)\n\n Pap ua New Guinea: Staff Report for the 2004 Article IV Consultation, International Monetary Fund.\n\n---\n\n Content in this bundle\n\n- cr04355\n  - cr04355 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr04355 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/papua-new-guinea-staff-report-for-the-2004-article-iv-consultation-17832"
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    "Published: November 10, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451831665.002",
    "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:",
    "The government’s development strategy outlines a medium-term economic outlook aiming to achieve real GDP growth of 2½ percent annually in 2004–09.",
    "Budget planning and preparation",
    "Environment",
    "Expenditure",
    "External debt",
    "Non-renewable resources",
    "Public debt",
    "Public financial management (PFM)",
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