The International Monetary Fund (IMF) has completed the sixth reviews of the Extended Fund Facility (EFF) and Extended Credit Facility (ECF), and the third review of the Resilience and Sustainability Facility (RSF) for Papua New Guinea, unlocking immediate disbursements of about US$163 million.
The IMF stated on June 8, 2026, that the funding aims to support the country’s homegrown reform agenda focusing on debt sustainability, alleviating foreign exchange shortages, enhancing governance, and building climate resilience. Total disbursements under the IMF-supported programs now amount to approximately US$1.01 billion.
Papua New Guinea’s economy is projected to grow 3.8% in 2026, down from 5.6% in 2025, amid plateauing LNG output and weaker external demand. The IMF warned that risks include geopolitical tensions, natural disasters, and capacity constraints, while upside potential lies in rising commodity prices and new resource projects.
