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In 2014, BPNG started rationing foreign exchange, and shifted the exchange rate regime from floating to pegged. For the next decade, the exchange rate has been assessed as over-valued and businesses have listed foreign exchange availability as their top concern. The PNG government has recently announced plans to, with IMF support, solve its foreign exchange problems, and also to end the long-standing problem of excess liquidity, and to eliminate the fiscal deficit by 2027. Dr Stephen Howes is Professor of Economics and Director of the Development Policy Centre, Crawford School of Public Policy, Australian National University. He is a member of the Independent Advisory Group advising the PNG Treasurer on the Central Banking Act. In this presentation, he will present a survey of contemporary macroeconomic issues in PNG.

Speaker:
Dr Stephen Howes, Director, Development Policy Centre, ANU

The ANU-UPNG seminar series is part of the partnership between the ANU Crawford School of Public Policy and the UPNG School of Business and Public Policy, supported by the PNG-Aus Partnership.