Papua New Guinea : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Papua New Guinea.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/098

IMF Staff Country Reports

Language:

English

Subjects (All):

Debts, Public--Papua New Guinea.

Debts, Public.

Fiscal policy--Papua New Guinea.

Fiscal policy.

Papua New Guinea--Economic conditions.

Papua New Guinea.

Physical Description:

1 online resource (74 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

Papua New Guinea’s economic performance has strengthened since the last Article IV Consultation. The country has significant underlying vulnerabilities. The economy is exposed to commodity price shocks, and mineral production is expected to decline over the medium to longer term. However, macroeconomic vulnerabilities have intensified, in particular, the potential for higher unproductive fiscal spending to raise demand pressures and spur inflation. Prudent fiscal policies are welcomed. Implementation of the multi-donor technical assistance plan is encouraged. The authorities are encouraged to accelerate the structural reforms and improve infrastructure.

Contents:

Cover; Contents; Executive Summary; I. Introduction; Boxes; 1. Mining-Sector Role Diminishing Over Medium Term; 2. Is Papua New Guinea's Nonmineral Sector Competitive?; Figures; 1. Progress Toward Selected Millennium Development Goals; 2. Real Sector Developments; 3. External Sector Developments; 4. Fiscal Sector Developments; 5a. Monetary Developments; 5b. Monetary Developments; II. Policy Issues; A. Fiscal Policy and Public Debt; 3. A Proposed New Medium-Term Fiscal Strategy; B. Monetary and Exchange Rate Policy; C. Financial Sector; 4. An Assessment of the Exchange Rate Level

D. Structural ReformIII. Staff Appraisal; 6a. Regional and Global Comparators, 2005-07; 6b. Regional and Global Comparators; Tables; 1. Selected Economic Indicators, 2003-08; 2. Summary of Central Government Operations, 2004-08; 3. Balance of Payments, 2003-08; 4. Summary Accounts of the Banking System, 2004-08; 5. Medium-Term Scenario, 2004-13; 6. Indicators of External Vulnerability, 2002-07; 7. Millennium Development Goals Progress, 1990-2005; Appendices; I. Debt Sustainability Analysis; II. Summary of Annexes; Contents; I. Fund Relations

II. Relations with the Pacific Financial Technical Assistance CentreIII. Relations with the World Bank Group; IV. Relations with the Asian Development Bank; V. Statistical Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 3, 2015).

ISBN:

9786613748041

9781462345281

146234528X

9781452777955

1452777950

9781280976438

1280976438

9781452795171

1452795177