Papua New Guinea Request For A Staff Monitored Program And Staff Report

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 83 pages
File Size : 44,7 Mb
Release : 2022-02-22
Category : Business & Economics
ISBN : 9798400201271

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Papua New Guinea: Request for a Staff-Monitored Program; and Staff Report by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

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.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 97 pages
File Size : 45,9 Mb
Release : 2020-04-06
Category : Business & Economics
ISBN : 9781513539706

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Papua New Guinea by International Monetary Fund. Asia and Pacific Dept Pdf

This paper presents Papua New Guinea’s (PNG) 2019 Article IV Consultation and Request for Staff Monitored Program. The economy is estimated to have rebounded in 2019 following the contraction triggered by the large earthquake in 2018. Inflation is projected to fall in 2019 but to pick up temporarily thereafter. The staff report reflects discussions with the PNG authorities in October 28–November 9, 2019 and is based on the information available as of November 21, 2019. It focuses on PNG near- and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. It, therefore, does not reflect the implications of these developments and related policy priorities. The outbreak has greatly amplified uncertainty and downside risks around the outlook. Staff is closely monitoring the situation and will continue to work on assessing its impact and the related policy response in PNG and globally.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 45 pages
File Size : 50,8 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781513548708

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Papua New Guinea by International Monetary Fund. Asia and Pacific Dept Pdf

The COVID-19 pandemic erupted just as the government was beginning to implement wide-ranging fiscal, foreign exchange, structural, and governance measures under a Staff-Monitored Program (SMP). The authorities have reaffirmed their commitment to these reforms, but the impact of the crisis is generating balance of payments and fiscal gaps of 4 and 3 percent of GDP, respectively. In the near term, risks are primarily on the downside, especially if there is a widespread local outbreak of the virus. Papua New Guinea’s longer-term outlook remains positive, largely reflecting the likelihood of major resource sector projects.

Author : OECD
Publisher : OECD Publishing
Page : 197 pages
File Size : 40,9 Mb
Release : 2023-07-25
Category : Electronic
ISBN : 9789264726659

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Revenue Statistics in Asia and the Pacific 2023 Strengthening Property Taxation in Asia by OECD Pdf

This annual publication compiles comparable tax revenue statistics for 30 economies. Additionally, it provides information on non-tax revenues for selected economies. This tenth edition of the report includes a special feature on strengthening property taxation in Asia.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 4286 pages
File Size : 40,5 Mb
Release : 2023-07-26
Category : Business & Economics
ISBN : 9798400235269

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Annual Report on Exchange Arrangements and Exchange Restrictions 2022 by International Monetary Fund. Monetary and Capital Markets Department Pdf

The AREAER provides a comprehensive description of restrictions on international trade and payments, capital controls, and measures implemented in the financial sector, including prudential measures that may affect capital flows for all IMF members. It also provides information on the classification of their exchange rate arrangements, operation of foreign exchange markets, restrictions on current international payments and transfers and multiple currency practices subject to the IMF’s jurisdiction in accordance with Article VIII. Descriptions of individual member countries are available at AREAER Online.

Author : Mahmood Pradhan
Publisher : Unknown
Page : 58 pages
File Size : 42,9 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:838505663

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Papua New Guinea by Mahmood Pradhan Pdf

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 112 pages
File Size : 43,6 Mb
Release : 2022-09-20
Category : Business & Economics
ISBN : 9798400221262

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Papua New Guinea by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Papua New Guinea (PNG)’s economy is weathering the pandemic well, despite many challenges. Real GDP in 2022 is projected to exceed its 2019 level, and the medium-term outlook is positive, supported by investment in (and revenues from) the resource sector. The war in Ukraine is impacting PNG through higher commodity prices and higher inflation, with the former leading to a stronger balance of payments and higher fiscal revenues, since PNG is a large commodity producer. Risks remain skewed to the downside and include a worsening health situation given the low vaccination rate, volatility in commodity prices, and political instability.

Author : OECD
Publisher : OECD Publishing
Page : 190 pages
File Size : 40,9 Mb
Release : 2022-07-25
Category : Electronic
ISBN : 9789264939783

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Revenue Statistics in Asia and the Pacific 2022 Strengthening Tax Revenues in Developing Asia by OECD Pdf

This annual publication compiles comparable tax revenue statistics for Australia, Bangladesh, Bhutan, Cambodia, People’s Republic of China, Cook Islands, Fiji, Indonesia, Japan, Kazakhstan, Korea, Kyrgyzstan, Lao People’s Democratic Republic, Malaysia, Maldives, Mongolia, Nauru, New Zealand, Pakistan, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Thailand, Tokelau, Vanuatu and Viet Nam. It also provides information on non-tax revenues for selected economies.

Author : OECD
Publisher : OECD Publishing
Page : 172 pages
File Size : 50,9 Mb
Release : 2021-07-21
Category : Electronic
ISBN : 9789264865440

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Revenue Statistics in Asia and the Pacific 2021 Emerging Challenges for the Asia-Pacific Region in the COVID-19 Era by OECD Pdf

Revenue Statistics in Asia and the Pacific is jointly produced by the Organisation for Economic Co-operation and Development (OECD)’s Centre for Tax Policy and Administration (CTP) and the OECD Development Centre (DEV) with the co-operation of the Asian Development Bank (ADB), the Pacific Island Tax Administrators Association (PITAA), and the Pacific Community (SPC) and financial support from the governments of Ireland, Japan, Luxembourg, Norway, Sweden, Switzerland and the United Kingdom. This edition includes a special feature on the the emerging challenges for the Asia-Pacific region in the COVID-19 era and ways to address them.

Author : Vybhavi Balasundharam,Ms. Leni Hunter,Iulai Lavea,Mr. Paul G Seeds
Publisher : International Monetary Fund
Page : 27 pages
File Size : 45,5 Mb
Release : 2021-07-09
Category : Business & Economics
ISBN : 9781513588865

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Managing Fiscal Risks from National Airlines in Pacific Island Countries by Vybhavi Balasundharam,Ms. Leni Hunter,Iulai Lavea,Mr. Paul G Seeds Pdf

Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government debt, losses in airlines are adding to fiscal risks in some PICs. This paper discusses tools to evaluate and manage the fiscal risks from national airlines in the Pacific. We present a snapshot of the current state of Public Financial Management (PFM) practices in PICs and detail the best practices. This exercise would illustrate the areas in which PICs have scope to improve their risk management with regard to national airlines. We then discuss the use of diagnostic tools and capacity development to enhance monitoring and risk management. Greater transparency and accountability in the airlines, combined with rigorous oversight, would be the first step towards improved financial management of national airlines.

Author : Graeme Smith,Terence Wesley-Smith
Publisher : ANU Press
Page : 520 pages
File Size : 54,9 Mb
Release : 2021-03-01
Category : Political Science
ISBN : 9781760464172

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The China Alternative by Graeme Smith,Terence Wesley-Smith Pdf

In this collection, 17 leading scholars based in Solomon Islands, Fiji, Papua New Guinea, Timor-Leste, Australia, New Zealand, the United States and China analyse key dimensions of the changing relationship between China and the Pacific Islands and explore the strategic, economic and diplomatic implications for regional actors. The China Alternative includes chapters on growing great power competition in the region, as well as the response to China’s rise by the US and its Western allies and the island countries themselves. Other chapters examine key dimensions of China’s Pacific engagement, including Beijing’s programs of aid and diplomacy, as well as the massive investments of the Belt and Road Initiative. The impact of China’s rivalry for recognition with Taiwan is examined, and several chapters analyse Chinese communities in the Pacific, and their relationships with local societies. The China Alternative provides ample material for informed judgements about the ability of island leaders to maintain their agency in the changing regional order, as well as other issues of significance to the peoples of the region. ‘China’s “discovery” of the diverse Pacific islands, intriguingly resonant of the era of European explorers, is impacting on this too-long-overlooked region through multiple currents that this important book guides us through.’ —Rowan Callick, Griffith University ‘The China Alternative is a must-read for all students and practitioners interested in understanding the new geopolitics of the Pacific. It assembles a stellar cast of Pacific scholars to deeply explore the impact of the changing role of China on the Pacific islands region. Significantly, it also puts the Pacific island states at the centre of this analysis by questioning the collective agency they might have in this rapidly evolving strategic context.’ —Greg Fry, The Australian National University

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 52 pages
File Size : 51,5 Mb
Release : 2003-06-25
Category : Business & Economics
ISBN : 9781451831689

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Papua New Guinea by International Monetary Fund Pdf

This paper assesses Papua New Guinea’s 2003 Article IV Consultation and a Request for an Extension of Repurchase Expectations. Since the mid-1990s, Papua New Guinea’s growth performance has been weak and poverty has increased owing to an unfavorable external environment, loose macroeconomic policies, and deep-seated structural impediments to growth. The IMF staff supports the authorities’ request to extend their repurchase expectations to the IMF in light of the weakness in Papua New Guinea’s balance-of-payments position and the deterioration in key external indicators mainly because of lower mineral exports over the medium term.

Author : Anonim
Publisher : Unknown
Page : 80 pages
File Size : 41,9 Mb
Release : 2008
Category : Papua New Guinea
ISBN : STANFORD:36105123998861

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Papua New Guinea, Staff Report for the ... Article IV Consultation and ... Review Under Stand-by Arrangement by Anonim Pdf

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 42 pages
File Size : 40,6 Mb
Release : 2013-09-09
Category : Business & Economics
ISBN : 9781484324073

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Chad by International Monetary Fund. African Dept. Pdf

This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.

Author : Mark T. Berger
Publisher : Routledge
Page : 222 pages
File Size : 44,8 Mb
Release : 2013-09-13
Category : Political Science
ISBN : 9781317997238

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From Nation-Building to State-Building by Mark T. Berger Pdf

This book examines the history of nation-building during the era of decolonization and the Cold War, and on the more recent post-Cold War and post-9/11 pursuit of nation-building in what have become known as ‘collapsed’ or ‘failed’ states. In the post-Cold War and post-9/11 era nation-building, or what is increasingly termed state-building, has taken on renewed salience, making it more important than ever to set the idea and practice of nation-building in historical perspective. Focusing on both historical and contemporary examples, the contributors explore a number of important themes that relate to ‘successful’ and ‘unsuccessful’ nation-building efforts from South Vietnam in the 1950s and 1960s to East Timor, Afghanistan and Iraq in the twenty-first century. From Nation-Building to State-Building was previously published as a special issue of Third World Quarterly and will be of interest to students and scholars of comparative politics and peace studies.