Central Bank to release statement on IMF report

The Bank of Papua New Guinea will be releasing a statement to clarify the Government's stand on the International Monetary Fund (IMF) Report.

Governor Loi Bakani told Loop PNG that the Central Bank will release that statement soon.

IMF Article IV was released in November 2016, but to date the National Government has not responded to the article.

The National Government must respond to the International Monetary Fund (IMF) Report to dismiss speculations about the country’s economy.

Institute of National Affairs executive director, Paul Barker earlier in an interview with Loop PNG said: “Because by not releasing it, it encourages speculations, people assuming some pretty harsh things about economy management and monetary management."

However, Prime Minister Peter O’Neill said the report was not released for public information because the Treasury Department is still going through the report.


Freddy Mou