IMF reaches staff-level agreement with Papua New Guinea, unlocking $189 million
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 once approved by the fund's executive board. The country would receive about $82 million right away and up to about $107 million in climate financing if the board approves.
(Adds details) Oct 6 (Reuters) — The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, potentially unlocking up to $189 million once approved by the fund's executive board. IMF staff and Papua New Guinea reached a staff-level agreement on the final reviews of the ECF, EFF and RSF arrangements. If the IMF board approves it, the country would receive about $82 million right away and up to about $107 million in climate financing. 19 billion.
2% in 2025, as LNG output levels off, El Nino hurts farming and mining, and the war in the Middle East pushes up import costs. 8%. The government met all but one quantitative performance criterion and all indicative targets for end-June 2026. 28 million).
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