This web page presents information about the work of the IMF in Mongolia, including the activities of the IMF Representative Office. Additional information can be found on the Mongolia and IMF country page, including IMF reports and Executive Board documents that deal with Mongolia.
At a Glance
- Current IMF membership: 191 countries
- Mongolia joined the Fund in February 14, 1991; Article VIII; Quota: SDR 51.10 million
- Current Outstanding Purchases: Stand-by Arrangement SDR 35.8 million
- Country Report: Staff report for the 2017 Article IV Consultation (also available in Mongolian), May 31, 2017
News and highlights
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Open Editorial: A better alternative to interest rate caps (Mongol Messenger)
by Neil Saker, IMF Resident Representative in Mongolia
May 10, 2019
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"Зээлийн хүүгийн дээд хязгаар тогтоохоос илүү сайн сонголт бий" (Gogo)
ОУВС-гийн Монгол дахь Суурин төлөөлөгч Нэйл Сакер
May 3, 2019
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Finance and Development, March 2018
March 8, 2018
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Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
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World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
IMF's Work on Mongolia
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Mongolia: Concluding Statement of the 2024 IMF Staff Visit
October 14, 2024
A booming mining sector, record high coal exports, and strong household and government spending have led to buoyant economic activity despite a large contraction in agriculture due to the severe winter.
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Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of His Visit to Mongolia
October 4, 2024
Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Ulaanbaatar at the end of his visit to Mongolia.
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Mongolia: Public Investment Management Assessment Update
April 24, 2024
Author/Editor:Guohua Huang | Ozlem Aydin
Series:High Level Summary Technical Assistance Report No. 2024/014 -
IMF Executive Board Concludes 2023 Article IV Consultation with Mongolia
October 4, 2023
Growth rebounded to 5.0 percent in 2022 and the external position stabilized as a result of China’s reopening, the government’s determined efforts to boost exports, and private sector financing inflows. After peaking in mid-2022, headline inflation gradually declined to 10.6 percent in June 2023 largely reflecting falling global prices. Core inflation also started to moderate. In light of the improving economic situation, a supplementary budget for 2023, passed in June 2023, introduced large and permanent increases in wages, benefits, and pensions. Strong mining sector activity and the fiscal expansion are expected to help sustain robust growth in 2023.
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Mongolia: 2023 Article IV Consultation-Press Release; and Staff Report
October 4, 2023
Series:Country Report No. 2023/348
Regional Economic Outlook
October 31, 2024
Short-term prospects for Asia and the Pacific have improved slightly compared to the IMF’s April forecasts, even though growth is still expected to moderate in 2024 and 2025. The regional growth projection for 2024 has been marked up to 4.6 percent from 4.5 percent in April, largely reflecting the over-performance in the first half of the year, and the region is forecast to contribute roughly 60 percent to global growth in 2024. In 2025, more accommodative monetary conditions are expected to support activity, resulting in a slight upward growth revision to 4.4 percent from 4.3 percent in April. Inflation has retreated in much of the region. At the same time, risks have increased, reflecting rising geopolitical tensions, uncertainty about the strength of global demand, and potential for financial volatility. Demographic change will act increasingly as a brake on activity, though structural shifts into high-productivity sectors such as tradable services hold promise to sustain robust growth.
Read the Report