The team, led by Scott Roger, project coordinator at the Pacific Financial Technical Assistance Centre in Fiji, visited Port Moresby between August 31st and September 14th as part of the IMF’s Article IV Consultation.
They stated the plan is a welcome initiative and that further reductions in the deficit will be needed in the next few years by bringing down public sector wage costs and strengthening the revenue base.
They also said the monetary policy should aim to support greater exchange rate flexibility.
