Papua New Guinea: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Second Review Under the Resilie

Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Author: International Monetary Fund. Asia and Pacific Dept

Papua New Guinea: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion

Volume/Issue: Volume 2025 Issue 336

Publication date: December 2025

ISBN: 9798229033039

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , Environmental Economics , headline inflation , Policy discussion , conducive policy environment , Eff arrangement , Papua New Guinean authorities , finance opportunity , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Climate change , Global , Asia and Pacific

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Summary

Papua New Guinea (PNG) is a fragile state with acute development needs, unstable social and political environment, and limited capacity. In the past decade, it faced multiple shocks, including natural disasters, that adversely affected growth, contributed to a sharp increase in public debt, and led to significant shortages of foreign exchange. To rebuild policy buffers and address the country’s long-standing structural challenges, the authorities have steadily implemented a multipronged reform agenda with extensive support from the IMF and other development partners.