Papua New Guinea: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea
December 16, 2025
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Papua New Guinea (PNG) is a fragile state with acute development needs,
unstable social and political environment, and limited capacity. In the past decade, it
faced multiple shocks, including natural disasters, that adversely affected growth,
contributed to a sharp increase in public debt, and led to significant shortages of
foreign exchange. To rebuild policy buffers and address the country’s long-standing
structural challenges, the authorities have steadily implemented a multipronged reform
agenda with extensive support from the IMF and other development partners.
unstable social and political environment, and limited capacity. In the past decade, it
faced multiple shocks, including natural disasters, that adversely affected growth,
contributed to a sharp increase in public debt, and led to significant shortages of
foreign exchange. To rebuild policy buffers and address the country’s long-standing
structural challenges, the authorities have steadily implemented a multipronged reform
agenda with extensive support from the IMF and other development partners.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Expenditure, Foreign exchange, Government debt management, Public debt, Public financial management (PFM)
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Government debt management
Pages:
106
Volume:
2025
DOI:
Issue:
336
Series:
Country Report No. 2025/336
Stock No:
1PNGEA2025003
ISBN:
9798229033039
ISSN:
1934-7685
