Papua New Guinea’s experience The Government of Papua New Guinea had developed a number of policy papers including, Small and Medium Enterprises Policy, Medium Term Development Strategies (MTDS), the National Dialog and Microfinance Policy.
Second, an inflation targeting regime, with a specific target for headline CPI annual inflation of 3 percent within a variability interval of +/- 1 percent, and where convergence to the target is sought at the lowest possible cost in terms of economic activity. Third, a commitment with transparency and clear communication of actions and goals of the Central Bank.