Papua New Guinea

Papua New Guinea PDF

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2015-11-19

Total Pages: 32

ISBN-13: 1513502514

DOWNLOAD EBOOK →

This Selected Issues paper provides an overview of financial access and inclusion indicators, related causal factors, and both current and possible reform priorities for on Papua New Guinea (PNG). The paper presents indicators of financial market depth, development, and access for PNG and compares PNG’s performance against that of other countries in the region, at similar levels of development, and beyond. It provides an overview of country-specific challenges facing PNG related to financial inclusion that helps to explain its performance, as well as possible reform priorities in the near term. The government’s current initiatives aimed at promoting financial sector development and inclusion and their preliminary results are also discussed.

Papua New Guinea

Papua New Guinea PDF

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2014-12-03

Total Pages: 11

ISBN-13: 1498390552

DOWNLOAD EBOOK →

This Selected Issues paper analyzes the sustainability of Papua New Guinea’s current and medium-term fiscal policy and its consistency with government objectives. The Papua New Guinea government faces major challenges in shaping a fiscal policy that promotes stability, meets development needs, and adheres to its debt ceilings over the medium term. It could decide to continue with its current fiscal stance, which would see its resource wealth exhausted quickly through large development spending. This approach would likely require continued borrowing and leave little savings for future generations.

Papua New Guinea

Papua New Guinea PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2010-06-10

Total Pages: 49

ISBN-13: 1455204633

DOWNLOAD EBOOK →

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.

Lanterna Rally - Theme by Grace Themes