## 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_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [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)
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## Bibliographic details
- Published: April 6, 2020
- Series: IMF Staff Country Reports

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### 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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## Content in this bundle

- **1pngea2020001**
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_Source: 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_