IMF, Papua New Guinea reach staff-level deal on reviews to disburse $220 million

Oct 7 (Reuters) – The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of some of its facilities, potentially giving the country access to about $220 million in financing. This would bring the total IMF financial support disbursed so far under these arrangements to Papua New Guinea to about $853 million, the IMF said. (Reporting by Chandni Shah in Bengaluru; Editing by Tom Hogue)

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