This year, under the new inflation target, in order to sustain the trend of recovery of economic growth we will maintain our accommodative monetary policy stance, while also paying attention to financial stability.
The Government acknowledges these limitations and has formulated a 20-year long term development blueprint for the country, the Papua New Guinea Development Strategic Plan, 2010–2030 which underpins the new Medium Term Development Strategy and complements the existing Medium-Term Fiscal Strategy and the Medium-Term Debt Strategy.