Papua New Guinea: Staff Report for the 2003 Article IV Consultation and Request for an Extension of Repurchase Expectations

June 25, 2003

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Format: Chicago

Papua New Guinea: Staff Report for the 2003 Article IV Consultation and Request for an Extension of Repurchase Expectations, (USA: International Monetary Fund, 2003) accessed November 26, 2024

Summary

This paper assesses Papua New Guinea’s 2003 Article IV Consultation and a Request for an Extension of Repurchase Expectations. Since the mid-1990s, Papua New Guinea’s growth performance has been weak and poverty has increased owing to an unfavorable external environment, loose macroeconomic policies, and deep-seated structural impediments to growth. The IMF staff supports the authorities’ request to extend their repurchase expectations to the IMF in light of the weakness in Papua New Guinea’s balance-of-payments position and the deterioration in key external indicators mainly because of lower mineral exports over the medium term.

Subject: Budget planning and preparation, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM)

Keywords: Below-the-line deficit estimate, Below-the-line financing data, Budget planning and preparation, CR, Deficit, Government, Government debt management, Increase in inflation, ISCR, Pacific Islands, Privatization receipt, Staff appraisal

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/178
Stock No:

1PNGEA0022003
ISBN:

9781451831689
ISSN:

1934-7685

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