Mongolia: 2015 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Mongolia

April 30, 2015

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Format: Chicago

Mongolia: 2015 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Mongolia, (USA: International Monetary Fund, 2015) accessed December 22, 2024

Summary

This 2015 Article IV Consultation highlights that Mongolia’s medium- to long-term prospects are promising given its large natural resources. In the near term, however, the country continues to face balance-of-payments (BOP) pressures on account of low foreign direct investment and weak commodity prices, as well as expansionary macro policies. Imports have now started to taper off and, with the first phase of the Oyu Tolgoi copper and gold mine now in operation, exports have picked up. The trade balance has thus improved, but the overall BOP remains weak. The executive directors have supported ongoing efforts to foster high, inclusive growth by improving the investment climate, enhancing competitiveness, and promoting economic diversification.

Subject: Banking, Budget planning and preparation, Commercial banks, Economic and financial statistics, External debt, External sector statistics, Financial institutions, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, Authority, Budget planning and preparation, CAR calculation, Central Asia, Commercial banks, CR, DBM governance, DBM spending, Debt data, Deficit, External sector statistics, GDP, Global, ISCR, Spending of the Development Bank of Mongolia

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/109
Stock No:

1MNGEA2015001
ISBN:

9781484346341
ISSN:

1934-7685

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