Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Papua New Guinea 02 02 - Credit creation PGK
Papua New Guinea 02A 02A - Financial sector lending/funding PGK
Papua New Guinea 02B 02B - Support policies for long-term lending PGK
Papua New Guinea 02B1 02B1 - Interest rate adjustments PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).

No estimate/amount: (i) 30 March 2020, BPNG has reduced the Kina Facility Rate (KFR) – the main policy rate - by 200 basis points to 3% from 5% and has asked the commercial banks to reduce their respective Indicator Lending Rates; (ii) To encourage interbank activity, BPNG has increased the margin on central bank borrowing by 25 basis points to 100 basis points of both sides of KFR.

Papua New Guinea 02B2 02B2 - Other policies to support long-term lending PGK
Papua New Guinea 02C 02C - Loan guarantees PGK
Papua New Guinea 07 07 - Central bank financing government PGK
Papua New Guinea 07A 07A - Direct lending and reserve drawdown PGK
Papua New Guinea 07B 07B - Secondary purchase: government securities PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: BPNG has announced its intention to repurchase government securities in an open market quantitative easing program to provide liquidity to the holders of the instruments.

Papua New Guinea 02 02 - Credit creation PGK
Papua New Guinea 02A 02A - Financial sector lending/funding PGK
Papua New Guinea 02B 02B - Support policies for long-term lending PGK
Papua New Guinea 02B1 02B1 - Interest rate adjustments PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).

No estimate/amount: (i) 30 March 2020, BPNG has reduced the Kina Facility Rate (KFR) – the main policy rate - by 200 basis points to 3% from 5% and has asked the commercial banks to reduce their respective Indicator Lending Rates; (ii) To encourage interbank activity, BPNG has increased the margin on central bank borrowing by 25 basis points to 100 basis points of both sides of KFR.

Papua New Guinea 02B2 02B2 - Other policies to support long-term lending PGK
Papua New Guinea 02C 02C - Loan guarantees PGK
Papua New Guinea 07 07 - Central bank financing government PGK
Papua New Guinea 07A 07A - Direct lending and reserve drawdown PGK
Papua New Guinea 07B 07B - Secondary purchase: government securities PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: BPNG has announced its intention to repurchase government securities in an open market quantitative easing program to provide liquidity to the holders of the instruments.

Papua New Guinea 02 02 - Credit creation PGK
Papua New Guinea 02A 02A - Financial sector lending/funding PGK
Papua New Guinea 02B 02B - Support policies for long-term lending PGK
Papua New Guinea 02B1 02B1 - Interest rate adjustments PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).

No estimate/amount: (i) 30 March 2020, BPNG has reduced the Kina Facility Rate (KFR) – the main policy rate - by 200 basis points to 3% from 5% and has asked the commercial banks to reduce their respective Indicator Lending Rates; (ii) To encourage interbank activity, BPNG has increased the margin on central bank borrowing by 25 basis points to 100 basis points of both sides of KFR.

Papua New Guinea 02B2 02B2 - Other policies to support long-term lending PGK
Papua New Guinea 02C 02C - Loan guarantees PGK
Papua New Guinea 07 07 - Central bank financing government PGK
Papua New Guinea 07A 07A - Direct lending and reserve drawdown PGK
Papua New Guinea 07B 07B - Secondary purchase: government securities PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: BPNG has announced its intention to repurchase government securities in an open market quantitative easing program to provide liquidity to the holders of the instruments.

Papua New Guinea 02 02 - Credit creation PGK
Papua New Guinea 02A 02A - Financial sector lending/funding PGK
Papua New Guinea 02B 02B - Support policies for long-term lending PGK
Papua New Guinea 02B1 02B1 - Interest rate adjustments PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).

No estimate/amount: (i) 30 March 2020, BPNG has reduced the Kina Facility Rate (KFR) – the main policy rate - by 200 basis points to 3% from 5% and has asked the commercial banks to reduce their respective Indicator Lending Rates; (ii) To encourage interbank activity, BPNG has increased the margin on central bank borrowing by 25 basis points to 100 basis points of both sides of KFR.

Papua New Guinea 02B2 02B2 - Other policies to support long-term lending PGK
Papua New Guinea 02C 02C - Loan guarantees PGK
Papua New Guinea 07 07 - Central bank financing government PGK
Papua New Guinea 07A 07A - Direct lending and reserve drawdown PGK
Papua New Guinea 07B 07B - Secondary purchase: government securities PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: BPNG has announced its intention to repurchase government securities in an open market quantitative easing program to provide liquidity to the holders of the instruments.

Papua New Guinea 02 02 - Credit creation PGK
Papua New Guinea 02A 02A - Financial sector lending/funding PGK
Papua New Guinea 02B 02B - Support policies for long-term lending PGK
Papua New Guinea 02B1 02B1 - Interest rate adjustments PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).

No estimate/amount: (i) 30 March 2020, BPNG has reduced the Kina Facility Rate (KFR) – the main policy rate - by 200 basis points to 3% from 5% and has asked the commercial banks to reduce their respective Indicator Lending Rates; (ii) To encourage interbank activity, BPNG has increased the margin on central bank borrowing by 25 basis points to 100 basis points of both sides of KFR.

Papua New Guinea 02B2 02B2 - Other policies to support long-term lending PGK
Papua New Guinea 02C 02C - Loan guarantees PGK