Mongolia: Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia

April 21, 2009

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Format: Chicago

Mongolia: Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Summary

This paper focuses on proposed Stand-By arrangement (SBA) for Mongolia. This proposed SBA would aim to smooth adjustment to the catastrophic terms-of-trade shock, restore health to the country’s fiscal finances, and allow for exchange rate flexibility in line with market conditions. In addition, the IMF program would outline a clear macroeconomic framework to provide the basis for the authorities to approach the broader international community for financial support. Monetary policy will be calibrated to lower inflation while maintaining a flexible exchange rate and safeguarding international reserves.

Subject: Banking, Credit, Currencies, Exchange rates, External debt, Foreign exchange, Money, Public and publicly-guaranteed external debt, Public debt

Keywords: Blanket deposit guarantee scheme, Copper company, CR, Credit, Currencies, Debt service, Exchange rates, Global, Government, ISCR, Mongolia, Mongolia's adjustment, Rate, Reference rate, U.S. dollar

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/130
Stock No:

1MNGEA2009001
ISBN:

9781451826982
ISSN:

1934-7685

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