IMF Executive Board approves new $259 million loan for Papua New Guinea
2024-12-12
Category: economic

The International Monetary Fund said on Wednesday its Executive Board has approved a new two-year loan arrangement for Papua New Guinea for about $259 million to help the Pacific island country improve climate resilience.
The Executive Board also completed third reviews under existing loan arrangements, providing Papua New Guinea with immediate access to about $125 million, the IMF said.