Papua New Guinea: 2019 Article IV Consultation and Request for Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

IMF Staff Country Reports, April 6, 2020

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Papua New Guinea: 2019 Article IV Consultation and Request for Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

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Bibliographic details

• Published: April 6, 2020
• Series: IMF Staff Country Reports

Overview and timing

• Publication date: April 6, 2020
• Staff report reflects discussions with the PNG authorities in October 28–November 9, 2019 and is based on the information available as of November 21, 2019.
• Prepared before coronavirus disease 2019 became a global pandemic and does not reflect the implications of these developments and related policy priorities.
• The outbreak has greatly amplified uncertainty and downside risks around the outlook; IMF staff is closely monitoring the situation and will continue to work on assessing its impact and the related policy response in PNG and globally.

Key economic findings and outlook

• The economy is estimated to have rebounded in 2019 following the contraction triggered by the large earthquake in 2018.
• Inflation is projected to fall in 2019 but to pick up temporarily thereafter.
• The report focuses on PNG near- and medium-term challenges and policy priorities.

Subjects and topical coverage

• Debt sustainability analysis
• Economic and financial statistics
• Expenditure
• External debt
• External sector statistics
• Foreign exchange
• Public debt

Keywords and thematic tags

• CR
• debt
• External sector statistics
• Global
• government
• ISCR
• Pacific Islands
• PFTAC mission
• PNG government
• PNG LNG project
• PNG NSO staff
• re-invigorating revenue reform
• resource

Publication metadata and identifiers

• Pages: 97
• Volume: 2020
• Issue: 095
• Series: Country Report No. 2020/095
• Stock No: 1PNGEA2020001
• ISBN: 9781513539706
• ISSN: 1934-7685

Papua New Guinea: 2019 Article IV Consultation and Request for Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

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