Report

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

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collection.link.87
https://openknowledge.worldbank.org/handle/10986/2195
collection.name.87
General Economy, Macroeconomics, and Growth Study
dc.contributor.author
Izvorski, Ivailo
dc.contributor.author
Ollero, Tony
dc.date.accessioned
2017-08-10T20:58:54Z
dc.date.available
2017-08-10T20:58:54Z
dc.date.issued
2010-03-03
dc.date.lastModified
2017-12-14T05:50:10Z
dc.description.abstract
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 options the government of PNG could pursue as it emerges from the economic and financial crisis and looks forward to the start of operation of the PNG liquified natural gas (LNG) project. Although the wealth of international experience suggests several key areas for the attention of the authorities, many issues can be addressed only on the basis of detailed projections about future resource flows and investment outlays. Whether the rules will prove effective will also depend on other steps to enhance the fiscal framework. The World Bank can provide more detailed analysis, expertise and recommendations should such data become available.
en
dc.identifier
http://documents.worldbank.org/curated/en/385931468081534980/Papua-New-Guinea-Managing-Resource-Induced-Volatility
dc.identifier.uri
http://hdl.handle.net/10986/27727
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCOUNTING
dc.subject
ADVANCED ECONOMIES
dc.subject
AGRICULTURE
dc.subject
ASSET MANAGEMENT
dc.subject
ASSET PRICE
dc.subject
AUDITS
dc.subject
BALANCE OF PAYMENT
dc.subject
BALANCE OF PAYMENTS
dc.subject
BANK GOVERNOR
dc.subject
BANKING SYSTEM
dc.subject
BENCHMARK
dc.subject
BONDS
dc.subject
BORROWING COSTS
dc.subject
BUDGET SURPLUSES
dc.subject
BUDGETING
dc.subject
BUSINESS CLIMATE
dc.subject
BUSINESS CYCLE
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL INVESTMENT
dc.subject
CAPITAL LOSSES
dc.subject
CENTRAL BANK
dc.subject
COLLATERAL
dc.subject
COMMERCIAL BANKS
dc.subject
COMMITMENT DEVICE
dc.subject
COMMODITIES
dc.subject
COMMODITY
dc.subject
COMMODITY EXPORT
dc.subject
COMMODITY PRICE
dc.subject
COMMODITY PRICES
dc.subject
CONFLICT OF INTEREST
dc.subject
CONFLICTS OF INTEREST
dc.subject
CONSUMER PRICE INDEX
dc.subject
CONTINGENT LIABILITIES
dc.subject
CORPORATE INCOME TAXES
dc.subject
CREDIBILITY
dc.subject
CREDIT RATING
dc.subject
CREDIT RATING AGENCIES
dc.subject
CURRENCY
dc.subject
CURRENCY BASKET
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
DEBT
dc.subject
DEBT RATIO
dc.subject
DEBT REDUCTION
dc.subject
DEBT REPAYMENTS
dc.subject
DEBT SERVICE
dc.subject
DEBT SERVICE RATIO
dc.subject
DEPOSIT
dc.subject
DEPOSITS
dc.subject
DERIVATIVES
dc.subject
DEVALUATION
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT PROJECTS
dc.subject
DEVELOPMENT STRATEGY
dc.subject
DISBURSEMENT
dc.subject
DISCLOSURE STANDARDS
dc.subject
DISCOUNT RATES
dc.subject
DISCOUNTED VALUE
dc.subject
DIVIDENDS
dc.subject
DOLLAR PRICES
dc.subject
DOMESTIC BANKING
dc.subject
DOMESTIC BANKS
dc.subject
DOMESTIC CREDIT
dc.subject
DOMESTIC CURRENCY
dc.subject
DOMESTIC ECONOMY
dc.subject
DOMESTIC INTEREST RATES
dc.subject
DUAL ECONOMY
dc.subject
ECONOMIC BOOM
dc.subject
ECONOMIC CRISIS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC VOLATILITY
dc.subject
EMERGING EQUITY MARKETS
dc.subject
ENFORCEMENT MECHANISMS
dc.subject
EQUITIES
dc.subject
EQUITY MARKETS
dc.subject
EQUITY STAKE
dc.subject
ETHICAL INVESTMENT
dc.subject
EXCHANGE RATE
dc.subject
EXPANSIONARY FISCAL POLICY
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORTER
dc.subject
EXPORTS
dc.subject
EXTERNAL DEBT
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INSTRUMENTS
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCING ARRANGEMENTS
dc.subject
FISCAL AUTHORITIES
dc.subject
FISCAL CONSOLIDATION
dc.subject
FISCAL CONSTRAINTS
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL DISCIPLINE
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FIXED EXCHANGE RATE
dc.subject
FIXED INCOME
dc.subject
FIXED INCOME INVESTMENTS
dc.subject
FIXED INVESTMENT
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN CURRENCIES
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN GOVERNMENT
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN TRADE
dc.subject
FUND ASSETS
dc.subject
FUTURE PRICES
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GLOBAL ECONOMY
dc.subject
GOVERNMENT BORROWING
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT BUDGETS
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT EXPENDITURE
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GOVERNMENT FUNDS
dc.subject
GOVERNMENT INVESTMENT
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT REVENUES
dc.subject
GOVERNMENT SPENDING
dc.subject
GROSS DEBT
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH RATES
dc.subject
HUMAN CAPITAL
dc.subject
INCOME TAX
dc.subject
INCOME TAXES
dc.subject
INDUSTRIAL COUNTRIES
dc.subject
INEFFICIENCY
dc.subject
INFLATION
dc.subject
INTEREST PAYMENTS
dc.subject
INTERNATIONAL BEST PRACTICE
dc.subject
INTERNATIONAL STANDARD
dc.subject
INVESTING
dc.subject
INVESTMENT FLOWS
dc.subject
INVESTMENT POLICY
dc.subject
INVESTMENT PROJECTS
dc.subject
INVESTMENT SPENDING
dc.subject
INVESTMENT STRATEGY
dc.subject
IPO
dc.subject
LANDOWNER
dc.subject
LANDOWNERS
dc.subject
LEVEL OF DEBT
dc.subject
LEVEL OF RISK
dc.subject
LEVY
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
LOCAL CURRENCIES
dc.subject
LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENTS
dc.subject
LOW-INCOME COUNTRY
dc.subject
MACROECONOMIC ADJUSTMENT
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMIC MANAGEMENT
dc.subject
MACROECONOMIC MISMANAGEMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICIES
dc.subject
MONETARY POLICY
dc.subject
MONEY MARKET
dc.subject
MONEY MARKET INSTRUMENTS
dc.subject
NATURAL RESOURCE
dc.subject
NATURAL RESOURCES
dc.subject
OIL PRICES
dc.subject
OIL RESERVES
dc.subject
OIL RESOURCES
dc.subject
OUTPUT
dc.subject
PENSION
dc.subject
PENSION FUND
dc.subject
PER CAPITA INCOME
dc.subject
PERMANENT INCOME
dc.subject
PERSONAL INCOME
dc.subject
POLICY RESPONSE
dc.subject
POPULATION AGEING
dc.subject
PORTFOLIO
dc.subject
PREPAYMENTS
dc.subject
PRICE INCREASES
dc.subject
PRICE LEVELS
dc.subject
PRICE VOLATILITY
dc.subject
PRIVATE INVESTMENT
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SECTOR DEBT
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GDP
dc.subject
RESERVE
dc.subject
RESERVE FUND
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
SAVINGS
dc.subject
SECURITIES
dc.subject
SHORT-TERM INTEREST RATE
dc.subject
SOCIAL DEVELOPMENT
dc.subject
SOVEREIGN BONDS
dc.subject
STATE ENTERPRISE
dc.subject
SUSTAINABILITY ANALYSIS
dc.subject
SWAP
dc.subject
TAX
dc.subject
TAX CREDITS
dc.subject
TAX REVENUES
dc.subject
TAXATION
dc.subject
TOTAL COSTS
dc.subject
TRADE BALANCE
dc.subject
TRADING
dc.subject
TRANSPARENCY
dc.subject
TRANSPARENCY INITIATIVE
dc.subject
TRANSPARENT INVESTMENT
dc.subject
TREASURY
dc.subject
TREASURY SECURITIES
dc.subject
TREATY
dc.subject
TRUST FUND
dc.subject
TRUST FUNDS
dc.subject
TRUSTEES
dc.subject
VALUE ADDED
dc.subject
WEALTH
dc.subject
WITHDRAWAL
dc.title
Managing Resource-Induced Volatility in Papua New Guinea
en
dc.title.subtitle
Some Issues for Discussion
en
dc.type
Report
en
okr.date.disclosure
2012-05-18
okr.doctype
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/385931468081534980/Papua-New-Guinea-Managing-Resource-Induced-Volatility
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000426104_20120518160714
okr.identifier.internaldocumentum
16275263
okr.identifier.report
68698
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/385931468081534980/pdf/686980ESW0P10200Izvorski0March02010.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Papua New Guinea
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
okr.unit
Knowledge and Information Servs. (IMTKI)

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