The PNG Country Economic Memorandum (CEM) was prepared by a multisectoral World Bank team led by the Macroeconomics, Trade and Investment Global Practice, under the guidance of Stephen N. Ndegwa (Country Director), Lars Christian Moller (Practice Manager), Stefano Mocci (Country Manager - until October 2022), Jane Sprouster (Acting Country Manager - until March 2023), and Khwima Lawrence Nthara. The core team comprises Ruslan Piontkivsky (Task Team Leader), Ruth Nikijuluw (Task Team Leader), Virginia Horscroft, Christopher Miller, Lars Sondergaard, and Giorgia Demarchi, with ontributions from Rubayat Chowdhury, Rashad Hasanov, Samuel Wills, John Grinyer, David Craig, Ildrim Valley, Juliana Weingaertner, Blair Lapres, Rochelle Eng, Son Thanh Vo, Allan Oliver, Emily Schmidt, Miok Kasek Komolong, Sharon Inone, Matthew Dornan, Ning Fu, Mits Motohashi, Katsuyuki Fukui, Gerard Fae, Pedro Antmann, Ximing Peng, Wilfred Lus, Robert Van der Gest, Trang Thu Tran, Alina Antoci, William Gain, Katia D’Hulster, Xavier Vincent, Nina Doetinchem, Francis Sinclair Chopin, Dimitria Gavalyugova, Uzma Quresh, Alice Calder, Tessa Walsh, Kari Hurt, Changqing Sun, Darian Naidoo, Sharad Alan Tandon, Undral Batmunkh, Da Woon Chung, and Aneesa Arur. Michelle Lee and Rachel Leka provided administrative support. Susi Victor edited the text. Dissemination is organized by Tom Perry and Ruth Moiam.