International Monetary Fund (IMF) report

Central Bank to release statement on 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.

Why is Government not responding to IMF report?

Institute of National Affairs executive director, Paul Barker made this comment after the PNG National Government have not yet responded to the IMF Article IV which was released in November 2016.

However, Prime Minister Peter O’Neill told Loop PNG that, the report is still with the Treasury Department for deliberation.

“It is my understanding that IMF mission report is being still discussed between Treasury and IMF because of some discrepancies.”

“The report has not reached NEC and therefore cannot comment any further,” O’Neill said.         

Review of the Week: Cost of hosting the APEC Summit

When Parliament rose, Opposition Leader Don Polye was quick to take the National Government to task regarding the exact cost of hosting the APEC summit in Port Moresby.

Tkatchenko, last week on TVWan’s ‘Nau’ talkback program, said Papua New Guinea will spend K600 million to host the summit.

On Wednesday East New Britain Governor Ereman ToBaining Jnr asked Tkatchenko to explain the total cost that will be involved to host the APEC Summit in 2018.