Papua New Guinea: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

October 23, 2001

Preview Citation

Format: Chicago

Papua New Guinea: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2001) accessed December 12, 2024

Summary

Despite difficult political and economic circumstances, Papua New Guinea has made progress toward stabilization and structural reform under the program supported by the Stand-By Arrangement. Executive Directors welcomed these developments, and stressed the need to maintain fiscal and monetary stances, and accelerate structural reforms. They cautioned the authorities to remain vigilant over financial developments and implement additional corrective actions, if needed. They agreed that the country has completed the fourth review under the Stand-by Arrangement, and approved a waiver.

Subject: Banking, Currencies, Economic sectors, Expenditure, Foreign exchange, Macrostructural analysis, Money, Public sector, Structural reforms

Keywords: Australia and New Zealand, CR, Currencies, Executive board discussion, Expenditure restraint, Global, Government, Government interest bill, Interest rate development, ISCR, Public sector, Structural reforms, World commodity price, World interest rates

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/184
Stock No:

1PNGEA0012001
ISBN:

9781451831641
ISSN:

1934-7685

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