Papua New Guinea: Background Material

August 17, 1995

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Papua New Guinea: Background Material, (USA: International Monetary Fund, 1995) accessed September 18, 2024

Summary

This Background Material paper describes developments in the mineral sector of Papua New Guinea during the 1990s. It examines causes and implications of the buildup in fiscal arrears. The paper highlights that one of the notable developments in 1994 was the emergence of large fiscal arrears, which had important effects on monetary and external developments during the second half of 1994 and early 1995. The paper also provides background information on the causes of these arrears and the actions taken by the authorities to settle them.

Subject: Banking, Commercial banks, Credit, Environment, Financial institutions, Gross fixed investment, Imports, International trade, Money, National accounts, Non-renewable resources

Keywords: Commercial bank bank deposit, Commercial banks, CR, Credit, GDP deflator, Gross fixed investment, Gross investment, Imports, ISCR, Liquid asset ratio, Market GDP, Narrow money, Non-renewable resources, Papua New Guinea authorities, Term deposit rate

Publication Details

Pages:

56
Volume:

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DOI:

---
Issue:

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Series:

Country Report No. 1995/080
Stock No:

1PNGEA0011995
ISBN:

9781451831597
ISSN:

1934-7685

Notes

This background material on Papua New Guinea was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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