01800cas a2200241 a 4500 AALejournalIMF018175 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484335918 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Papua New Guinea : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (65 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 2017 Article IV Consultation highlights that Papua New Guinea's economic activity has remained subdued in 2017. Slow growth, generous tax treatment of the Liquefied Natural Gas project, the drought and weak tax administration have all contributed to declining tax revenues and a substantial fiscal deficit and increasing debt-to-GDP ratio. Inflation was boosted to over 6 percent by drought effects, but is beginning to ease. Near-term risks to the outlook are tilted to the downside. Over the medium term, risks are more balanced owing to the upside potential of new resource sector projects and, possibly, a pickup in commodity export prices. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/411 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/411/002.2017.issue-411-en.xml IMF e-Library