Press Release No. 16/487

Statement at the Conclusion of the IMF Mission to Mongolia

November 4, 2016

An International Monetary Fund (IMF) mission led by Mr. Koshy Mathai visited Ulaanbaatar during October 24–November 4, 2016. Mr. Neil Saker, the IMF’s Resident Representative in Mongolia, issued the following statement at the conclusion of the visit:

“The mission held very productive discussions with the Mongolian authorities on the 2016 Article IV Consultation as well as on policies that could become part of an IMF-supported economic and financial program. Common policy views were developed in many key areas. The team will now return to IMF headquarters to give time for further consultations on both sides. We would like to thank the authorities for their warm welcome and close cooperation and look forward to continuing our joint work to help address the challenges facing the Mongolian economy.”