IMF approves new $A407m loan for Papua New Guinea

In July, the IMF board's second review noted PNG "authorities' strong commitment to reforms."

The International Monetary Fund granted PNG immediate access to a $US125 million loan. (EPA PHOTO)

"The program will continue to support Papua New Guinea's reform agenda, help protect the vulnerable and foster inclusive growth, with a focus maintained on strengthening debt sustainability, alleviating FX shortages, and enhancing governance and anti-corruption frameworks," it wrote.