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IMF Reaches Staff-Level Deal With Papua New Guinea

The International Monetary Fund has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, potentially unlocking up to $189 million upon approval by the fund's executive board.

The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, a step that could unlock up to $189 million once approved by the fund's executive board. 6339 kinas.