Papua New Guinea: Selected Issues Paper and Statistical Appendix
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Article IV Consultation reports that the main challenge is to maintain macroeconomic stability in substantial demand shock from the construction of two major liquefied natural gas projects. The global downturn had only a mild impact, as growth was supported by still strong terms of trade, a financial sector insulated from global capital markets, and an increase in public expenditure. IMF staff stressed that monetary policy needed to be focused on emerging inflation pressures and act preemptively to avoid high inflation from becoming entrenched in expectations.
Series:
Country Report No. 2010/163
Subject:
Environment Expenditure Fiscal governance Fiscal policy Inflation Natural resources Prices
English
Publication Date:
June 10, 2010
ISBN/ISSN:
9781455204632/1934-7685
Stock No:
1PNGEA2010001
Pages:
49
Please address any questions about this title to publications@imf.org