European Parliament Library

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

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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
Form Of Item

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