Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1475572387
1475572417
9781475572384
9781475572414
9781475572384
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Online resource; title from PDF title page (IMF, viewed May 27, 2020).
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| Summary: | 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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| Standard no.: | 10.5089/9781475572384.002
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