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Record Nr. |
UNINA9910165035203321 |
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Titolo |
Papua New Guinea : : 2016 Article IV Consultation-Press Release; and Staff Report |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2017 |
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ISBN |
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9781475572391 |
1475572395 |
9781475572414 |
1475572417 |
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Descrizione fisica |
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1 online resource (67 pages) : color illustrations, tables, graphs |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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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 |
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Papua New Guinea Economic conditions |
Papua New Guinea |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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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. |
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