European Parliament Library

Papua New Guinea :, Staff Report for the 2014 Article IV Consultation

This 2014 Article IV Consultation highlights that Papua New Guinea’s economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. With LNG production and exports now starting, resource sector growth is projected to surge in 2015, but spillovers to the rest of the economy may be more limited. Inflation has moderated from its peaks during the construction boom and is likely to remain reasonably low given the global outlook for commodity prices. The ongoing economic transition calls for adjustment of macroeconomic policies to safeguard macrofinancial stability
Table Of Contents
Cover; CONTENTS; CONTEXT; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy and Resource Revenue Management; B. Monetary, Exchange Rate and Financial Sector Issues; C. Structural Reforms for Inclusive Growth; D. Statistics; STAFF APPRAISAL; BOXES; 1. Update on the Mineral Sector; 2. The Effects of Excess Liquidity on Monetary Policy Effectiveness; 3. Exchange Rate Trading Band; 4. Guinea: External Sector Assessment; FIGURES; 1. Macro Performance; 2. Fiscal Performance; 3. Monetary Policy; 4. Monetary Policy (concluded) and the External Position; 5. The Banking Sector
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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