## Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report

_IMF Staff Country Reports, February 22, 2022_

## Source details

**Canonical URL:** [Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2022/02/22/papua-new-guinea-request-for-a-staff-monitored-program-press-release-and-staff-report-513401/index.md)
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## Bibliographic details
- Published: February 22, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400201271.002

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### Summary findings and context
- 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.

### Key subjects and thematic focus
- Debt sustainability
- Debt sustainability analysis
- External debt
- International organization
- Monetary policy
- Public debt
- Revenue administration

### Keywords and policy-relevant tags (as listed)
- 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

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- **1pngea2022001**
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_Source: 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_