Mongolia: 2011 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mongolia

March 30, 2011

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Mongolia: 2011 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mongolia, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The economy of Mongolia was extremely affected during the crisis, owing to its dependency on mineral exports and history of procyclical macroeconomic policies. In this study, the ex post evaluation (EPE) of Mongolia’s experience is reviewed. The EPE focused on program design and implementation. Progress toward strengthening financial oversight and implementation of a financial sector assessment program are discussed. Deposit insurance was established to replace the blanket deposit guarantee. Structural reforms have improved. Finally, the authorities' intention to remain engaged with the IMF under post-program monitoring is outlined.

Subject: Debt sustainability analysis, External debt, Inflation, PFM legal and regulatory frameworks, Prices, Public debt, Public financial management (PFM)

Keywords: CR, Debt sustainability analysis, GDP deflator, Global, IMF staff projection, Inflation, Inflation data, Inflation pressure, ISCR, PFM legal and regulatory frameworks, Real GDP, U.S. dollar

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/076
Stock No:

1MNGEA2011001
ISBN:

9781455230136
ISSN:

1934-7685

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