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

Label
Papua New Guinea :, 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Papua New Guinea
Language
eng
Abstract
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
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Papua New Guinea :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Papua New Guinea
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 LevelD. Structural ReformIII. Staff Appraisal; 6a. Regional and Global Comparators, 2005-07; 6b. Regional and Global Comparators; Tables; 1. Selected Economic Indicators, 2003-08; 2. Summary of Central Government Operations, 2004-08; 3. Balance of Payments, 2003-08; 4. Summary Accounts of the Banking System, 2004-08; 5. Medium-Term Scenario, 2004-13; 6. Indicators of External Vulnerability, 2002-07; 7. Millennium Development Goals Progress, 1990-2005; Appendices; I. Debt Sustainability Analysis; II. Summary of Annexes; Contents; I. Fund RelationsII. Relations with the Pacific Financial Technical Assistance CentreIII. Relations with the World Bank Group; IV. Relations with the Asian Development Bank; V. Statistical Issues
Classification
Content
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