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Papua New Guinea :, 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea

Papua New Guinea showed solid economic growth, supported by greater political stability, fiscal framework, and a healthy banking sector. Executive Directors encouraged the authorities to consider tighter macroeconomic policies in the face of rising inflation pressures and also stressed the need of a tight fiscal policy. They welcomed the Sovereign Wealth Funds (SWF), and considered it important to integrate the use of resources in the SWF into the budget and macroeconomic framework, supported by strong fiscal institutions. Directors observed that Liquefied Natural Gas (LNG) and other resource projects provide an opportunity to raise long-term growth and living standards
Table Of Contents
COVER; CONTENTS; INTRODUCTION; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; FIGURES; 1. Macro Performance; POLICY THEME #1--MANAGING THE RISK OF OVERHEATING; A. Fiscal Policy; BOXES; 1. The Impact of Food Price Movements on the Poor in PNG; 2. Fiscal Performance; B. Monetary Policy; 3. The Monetary Stance; C. Exchange Rate Assessment and External Stability; 4. The External Position; 2. Exchange Rate Assessment; POLICY THEME #2--SECURING SUSTAINABLE GROWTH AND RAISING LIVING STANDARDS; D. Managing Resource Revenue; E. Development Strategy; 3. The New Development Plans; 5. Income Gap
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (71 p.)
Specific Material Designation
Form Of Item

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