{
  "title": "Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report",
  "publication": "IMF Staff Country Reports, February 22, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/02/22/papua-new-guinea-request-for-a-staff-monitored-program-press-release-and-staff-report-513401",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Summary findings and context",
      "content": "- Papua New Guinea (PNG) is characterized as a fragile state, vulnerable to recurrent shocks.\n- A third wave of the COVID-19 pandemic is straining the healthcare system.\n- Widespread vaccine hesitancy has contributed to very low vaccine uptake, with about only 2 percent of the population fully vaccinated.\n- Real GDP is estimated to rebound modestly to grow by 1.7 percent in 2021 after the downturn in 2020.\n- Elections are due to take place in June 2022, and the formal campaign period will commence by end-April."
    },
    {
      "heading": "Key subjects and thematic focus",
      "content": "- Debt sustainability\n- Debt sustainability analysis\n- External debt\n- International organization\n- Monetary policy\n- Public debt\n- Revenue administration"
    },
    {
      "heading": "Keywords and policy-relevant tags (as listed)",
      "content": "- D. addressing governance\n- Debt sustainability\n- Debt sustainability analysis\n- distress rating\n- Global\n- IMF resident representative\n- IMF's transparency policy\n- Pacific Islands\n- Policy formulation\n- policy setting\n- staff appraisal\n\n---\n\n Content in this bundle\n\n- 1pngea2022001\n  - 1pngea2022001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1pngea2022001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 22, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400201271.002",
    "Papua New Guinea (PNG) is characterized as 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 vaccine uptake, 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.",
    "D. addressing governance",
    "distress rating",
    "Global",
    "IMF resident representative",
    "IMF's transparency policy",
    "Pacific Islands",
    "Policy formulation",
    "policy setting",
    "staff appraisal",
    "**1pngea2022001**"
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