1.

Record Nr.

UNINA9910165035203321

Titolo

Papua New Guinea : : 2016 Article IV Consultation-Press Release; and Staff Report

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2017

ISBN

9781475572391

1475572395

9781475572414

1475572417

Descrizione fisica

1 online resource (67 pages) : color illustrations, tables, graphs

Collana

IMF Staff Country Reports

Disciplina

330.9953

Soggetti

Budgeting

Exports and Imports

Foreign Exchange

Public Finance

Statistics

International Lending and Debt Problems

Debt

Debt Management

Sovereign Debt

National Government Expenditures and Related Policies: General

Data Collection and Data Estimation Methodology

Computer Programs: Other

Public finance & taxation

International economics

Currency

Foreign exchange

Econometrics & economic statistics

Budgeting & financial management

Public debt

External debt

Expenditure

Budget planning and preparation

Public financial management (PFM)

Debts, External

Debts, Public

Expenditures, Public

Budget



Papua New Guinea Economic conditions

Papua New Guinea

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

This 2016 Article IV Consultation highlights that Papua New Guinea is facing headwinds stemming from low commodity prices and is recovering from a major drought; these factors have weighed on economic growth, weakened the external position, and created fiscal challenges. Foreign exchange (FX) remains in short supply, but inflows have recently picked up somewhat. Near-term risks to the outlook are tilted to the downside, as fiscal retrenchment may have a greater impact on the economy than currently expected and the limited availability of FX continues to constrain imports and economic activity. A further drop in commodity prices would weaken the external and fiscal positions.