Mongolia: 2017 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility-Press Release: Staff Report; and Statement by the Executive Director for Mongolia

May 31, 2017

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Format: Chicago

Mongolia: 2017 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility-Press Release: Staff Report; and Statement by the Executive Director for Mongolia, (USA: International Monetary Fund, 2017) accessed November 12, 2024

Summary

This 2017 Article IV Consultation highlights Mongolia’s promising longer-term prospects given its abundant natural resources. In recent years, however, the economy has faced substantial challenges, as external shocks and expansionary fiscal and monetary policies have compounded structural weaknesses. Mongolia remains heavily exposed to external shocks, given its export profile, and a key challenge will be to avoid the boom-bust cycles of the past. The discussions with authorities have focused on improving the fiscal framework and strengthening policy discipline, complemented by structural reforms to boost diversification and competitiveness and by efforts to strengthen and better target the social safety net.

Subject: Banking, Economic and financial statistics, Environment, External debt, External sector statistics, Government debt management, Non-renewable resources, Public debt, Revenue administration

Keywords: Asia and Pacific, CR, Debt service, Expansionary fiscal policy, External sector statistics, FDI foreign-exchange transaction, Financing, General government debt data, Global, Government, ISCR, Mongolia, Mortgage spending, Non-renewable resources, U.S. dollar

Publication Details

Pages:

111
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/140
Stock No:

1MNGEA2017002
ISBN:

9781484302354
ISSN:

1934-7685

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