01626cas a2200241 a 4500 AALejournalIMF006530 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455204632 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Papua New Guinea : Selected Issues Paper and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (49 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Article IV Consultation reports that the main challenge is to maintain macroeconomic stability in substantial demand shock from the construction of two major liquefied natural gas projects. The global downturn had only a mild impact, as growth was supported by still strong terms of trade, a financial sector insulated from global capital markets, and an increase in public expenditure. IMF staff stressed that monetary policy needed to be focused on emerging inflation pressures and act preemptively to avoid high inflation from becoming entrenched in expectations. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/163 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/163/002.2010.issue-163-en.xml IMF e-Library