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AAP
AAP

IMF approves $A231m in funding for Papua New Guinea

International Monetary Fund Papua New Guinea EFF
The IMF sees Papua New Guinea's headline inflation modestly increasing to 4.8 per cent this year. (Mick Tsikas/AAP PHOTOS)

The International Monetary Fund's Executive Board has approved reviews of Papua ‌New Guinea's lending arrangements, unlocking about $US163 million ($A231 million) in combined disbursements.

The Extended Fund Facility and Extended ‌Credit Facility arrangements were approved in 2023, to address a protracted balance of payments problem that caused foreign exchange shortages.

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