Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report
February 22, 2022
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real GDP is estimated to rebound modestly to grow by 1.7 percent in 2021 after the downturn in 2020. Elections are due to take place in June 2022, and the formal campaign period will commence by end-April.
Subject: Debt sustainability, Debt sustainability analysis, External debt, International organization, Monetary policy, Public debt, Revenue administration
Keywords: D. addressing governance, Debt sustainability, Debt sustainability analysis, distress rating, Global, IMF resident representative, IMF's transparency policy, Pacific Islands, Policy formulation, policy setting, staff appraisal
Pages:
83
Volume:
2022
DOI:
Issue:
055
Series:
Country Report No. 2022/055
Stock No:
1PNGEA2022001
ISBN:
9798400201271
ISSN:
1934-7685
