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IMF reaches Staff-Level Agreement with Papua New Guinea on the Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility and the Third Review Under the Resilience and Sustainability Facility
The Papua New Guinea authorities and the International Monetary Fund (IMF) staff team have reached a staff-level agreement on the policies needed to complete the sixth reviews under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and the third review under the Resilience and Sustainability Facility (RSF). Once approved by the IMF Executive Board, Papua New Guinea will have access to about US$216 million. he economy is projected to remain resilient, supported by continued implementation of the authorities’ homegrown reform agenda. However, growth in 2026 is projected to moderate to 3.8 percent while inflation is expected to increase to 5 percent due to the conflict in the Middle East and related increase in import costs. [...]