Price stability was achieved and maintained from 2004 to 2009, with the exception of 2008 and first half of 2009, due to high international food and fuel prices, which were beyond PNG's control. There was also prudent fiscal management in this period, except for 2008.
While it is too early to judge the outcome, we can point toward some improvements mainly in the formal structures. The Government has a Medium Term Development Strategy document 2005–2010, which has yet to be updated, a Medium Term Fiscal Strategy Document 2008–2012, enacted the Fiscal Responsibility Act 2006, and formulated the Development Strategic Plan 2010–2030, and the Papua New Guinea Vision 2050.