Managing Resource-Induced Volatility in Papua New Guinea : Some Issues for Discussion

This report reviews developments in Papua New Guinea (PNG) since independence, and looks at the issues relevant for saving and managing natural resources and resource induced volatility. These issues could serve as a useful basis for discussion of...

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Bibliographic Details
Main Authors:	Izvorski, Ivailo, Ollero, Tony
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCOUNTING ADVANCED ECONOMIES AGRICULTURE ASSET MANAGEMENT ASSET PRICE AUDITS BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK GOVERNOR BANKING SYSTEM BENCHMARK BONDS BORROWING COSTS BUDGET SURPLUSES BUDGETING BUSINESS CLIMATE BUSINESS CYCLE CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL LOSSES CENTRAL BANK COLLATERAL COMMERCIAL BANKS COMMITMENT DEVICE COMMODITIES COMMODITY COMMODITY EXPORT COMMODITY PRICE COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTINGENT LIABILITIES CORPORATE INCOME TAXES CREDIBILITY CREDIT RATING CREDIT RATING AGENCIES CURRENCY CURRENCY BASKET CURRENT ACCOUNT BALANCE DEBT DEBT RATIO DEBT REDUCTION DEBT REPAYMENTS DEBT SERVICE DEBT SERVICE RATIO DEPOSIT DEPOSITS DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISBURSEMENT DISCLOSURE STANDARDS DISCOUNT RATES DISCOUNTED VALUE DIVIDENDS DOLLAR PRICES DOMESTIC BANKING DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC ECONOMY DOMESTIC INTEREST RATES DUAL ECONOMY ECONOMIC BOOM ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC VOLATILITY EMERGING EQUITY MARKETS ENFORCEMENT MECHANISMS EQUITIES EQUITY MARKETS EQUITY STAKE ETHICAL INVESTMENT EXCHANGE RATE EXPANSIONARY FISCAL POLICY EXPENDITURE EXPENDITURES EXPORTER EXPORTS EXTERNAL DEBT FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCING ARRANGEMENTS FISCAL AUTHORITIES FISCAL CONSOLIDATION FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE FIXED INCOME FIXED INCOME INVESTMENTS FIXED INVESTMENT FOREIGN CAPITAL FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN GOVERNMENT FOREIGN INVESTMENT FOREIGN TRADE FUND ASSETS FUTURE PRICES GDP GDP PER CAPITA GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT FUNDS GOVERNMENT INVESTMENT GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DEBT GROSS DOMESTIC PRODUCT GROWTH RATES HUMAN CAPITAL INCOME TAX INCOME TAXES INDUSTRIAL COUNTRIES INEFFICIENCY INFLATION INTEREST PAYMENTS INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARD INVESTING INVESTMENT FLOWS INVESTMENT POLICY INVESTMENT PROJECTS INVESTMENT SPENDING INVESTMENT STRATEGY IPO LANDOWNER LANDOWNERS LEVEL OF DEBT LEVEL OF RISK LEVY LIQUIDITY LIVING STANDARDS LOCAL CURRENCIES LOCAL CURRENCY LOCAL GOVERNMENTS LOW-INCOME COUNTRY MACROECONOMIC ADJUSTMENT MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC MISMANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENTS NATURAL RESOURCE NATURAL RESOURCES OIL PRICES OIL RESERVES OIL RESOURCES OUTPUT PENSION PENSION FUND PER CAPITA INCOME PERMANENT INCOME PERSONAL INCOME POLICY RESPONSE POPULATION AGEING PORTFOLIO PREPAYMENTS PRICE INCREASES PRICE LEVELS PRICE VOLATILITY PRIVATE INVESTMENT PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR DEBT REAL EXCHANGE RATE REAL GDP RESERVE RESERVE FUND RETURN RETURNS SAVINGS SECURITIES SHORT-TERM INTEREST RATE SOCIAL DEVELOPMENT SOVEREIGN BONDS STATE ENTERPRISE SUSTAINABILITY ANALYSIS SWAP TAX TAX CREDITS TAX REVENUES TAXATION TOTAL COSTS TRADE BALANCE TRADING TRANSPARENCY TRANSPARENCY INITIATIVE TRANSPARENT INVESTMENT TREASURY TREASURY SECURITIES TREATY TRUST FUND TRUST FUNDS TRUSTEES VALUE ADDED WEALTH WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/385931468081534980/Papua-New-Guinea-Managing-Resource-Induced-Volatility http://hdl.handle.net/10986/27727

Internet

http://documents.worldbank.org/curated/en/385931468081534980/Papua-New-Guinea-Managing-Resource-Induced-Volatility
http://hdl.handle.net/10986/27727

Managing Resource-Induced Volatility in Papua New Guinea : Some Issues for Discussion

Internet

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