Papua New Guinea: Growth and inflation are projected to rebound in 2010
2010-03-06 05:52 -Strong terms of trade, an insulated financial sector, and effective implementation of sound policy frameworks left Papua New Guinea well positioned at the onset of the global financial crisis. As a result, growth slowed only modestly. Recently, however, policy implementation has weakened as spending in 2009 from accumulated above-normal mineral revenue was far above the limit set out in the Medium-Term Fiscal Strategy (MTFS).