Mongolia: Staff Report for the 2002 Article IV Consultation

November 14, 2002

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Mongolia: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This 2002 Article IV Consultation highlights that Mongolia’s domestic economic performance was mixed during 2000–01 and in the first half of 2002. The severe winters of 2000–01 took a heavy toll on output and rural incomes. Real GDP growth is officially estimated to have declined to about 1 percent a year in 2000–01. Inflation rose to 11½ percent in 2000, as the effects of weather-related decreases in food supplies and higher public utility tariffs were compounded by a 25 percent general increase in civil service wages.

Subject: Budget planning and preparation, Commercial banks, Expenditure, External debt, Labor, Public debt, Public financial management (PFM), Public sector wages

Keywords: Authorities privatization program, Authorities' responsiveness to fund staff view, Budget planning and preparation, Civil service reform package, CR, Economy, Fund, Fund mission, Global, Government, ISCR, Payment arrears, Public sector wages, Reform, Reform plan, Reform strategy

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/252
Stock No:

1MNGEA0012002
ISBN:

9781451826807
ISSN:

1934-7685

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