IMF Staff Country Reports

Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report

Publication Date:

February 22, 2022

Electronic Access:

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Summary:

Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real GDP is estimated to rebound modestly to grow by 1.7 percent in 2021 after the downturn in 2020. Elections are due to take place in June 2022, and the formal campaign period will commence by end-April.

Series:

Country Report No. 2022/055

Subject:

Debt sustainability Debt sustainability analysis External debt International organization Monetary policy Public debt Revenue administration

Frequency:

regular