European Parliament Library

Papua New Guinea :, 2006 Article IV Consultation—Staff Report; and Public Information Notice on the Executive Board Discussion for Papua New Guinea

This 2006 Article IV Consultation highlights that Papua New Guinea is enjoying its fourth year of recovery and macroeconomic stability, but major challenges lie ahead. Sound macroeconomic policies over the past several years have reduced fiscal vulnerabilities, lowered inflation, spurred business confidence, and boosted growth. High prices for key export commodities have strengthened the fiscal and external positions. However, progress toward achieving the country’s Medium-Term Development Strategy objectives or Millennium Development Goals has been limited. Recent developments and the near-term outlook remain favorable
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; Boxes; 1. Medium-Term Development Strategy; Figures; 1. Progress Toward Selected Millennium Development Goals; II. Background; 2. Real Sector Developments; 3. External Sector Developments; 4. Fiscal Sector Developments; 5. Monetary Developments; Figure 5-B. Papua New Guinea: Monetary Developments; 6. Regional and Global Comparators, 2004-06; 7. Regional and Global Comparators; 2. Role of the Mining Sector in Papua New Guinea; 8. Outlook Indicators; III. Policy Discussions; 3. Reserve Adequacy and Costs of Carrying Reserves, 1980-2005
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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