{
  "title": "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",
  "publication": "IMF Staff Country Reports, April 6, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307",
  "overlayPath": "/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/index.md",
  "summary": "This paper presents Papua New Guinea’s (PNG) 2019 Article IV Consultation and Request for Staff Monitored Program. The economy is estimated to have rebounded in 2019 following the contraction triggered by the large earthquake in 2018.",
  "sections": [
    {
      "heading": "Overview and timing",
      "content": "- Publication date: April 6, 2020\n- 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.\n- Prepared before coronavirus disease 2019 became a global pandemic and does not reflect the implications of these developments and related policy priorities.\n- 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."
    },
    {
      "heading": "Key economic findings and outlook",
      "content": "- The economy is estimated to have rebounded in 2019 following the contraction triggered by the large earthquake in 2018.\n- Inflation is projected to fall in 2019 but to pick up temporarily thereafter.\n- The report focuses on PNG near- and medium-term challenges and policy priorities."
    },
    {
      "heading": "Subjects and topical coverage",
      "content": "- Debt sustainability analysis\n- Economic and financial statistics\n- Expenditure\n- External debt\n- External sector statistics\n- Foreign exchange\n- Public debt"
    },
    {
      "heading": "Keywords and thematic tags",
      "content": "- CR\n- debt\n- External sector statistics\n- Global\n- government\n- ISCR\n- Pacific Islands\n- PFTAC mission\n- PNG government\n- PNG LNG project\n- PNG NSO staff\n- re-invigorating revenue reform\n- resource"
    },
    {
      "heading": "Publication metadata and identifiers",
      "content": "- Pages: 97\n- Volume: 2020\n- Issue: 095\n- Series: Country Report No. 2020/095\n- Stock No: 1PNGEA2020001\n- ISBN: 9781513539706\n- ISSN: 1934-7685\n\nPapua 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\n\n---\n\n Content in this bundle\n\n- 1pngea2020001\n  - 1pngea2020001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1pngea2020001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/bundle-manifest.json)",
    "Published: April 6, 2020",
    "Series: IMF Staff Country Reports",
    "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.",
    "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.",
    "CR",
    "debt",
    "Global",
    "government",
    "ISCR",
    "Pacific Islands",
    "PFTAC mission",
    "PNG government",
    "PNG LNG project",
    "PNG NSO staff",
    "re-invigorating revenue reform",
    "resource",
    "Pages: 97",
    "Volume: 2020",
    "Issue: 095",
    "Series: Country Report No. 2020/095",
    "Stock No: 1PNGEA2020001",
    "ISBN: 9781513539706",
    "ISSN: 1934-7685",
    "**1pngea2020001**"
  ],
  "related": [
    {
      "title": "1pngea2020001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2020/english/1pngea2020001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2020/english/1pngea2020001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2020/english/1pngea2020001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/index.md",
    "json": "/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/index.json",
    "bundleManifest": "/en/publications/cr/issues/2020/04/06/papua-new-guinea-2019-article-iv-consultation-and-request-for-staff-monitored-program-press-49307/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T17:53:15.578Z"
}