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
Electronic Access:
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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.
Series:
Country Report No. 2009/130
Subject:
Banking Credit Currencies Exchange rates External debt Foreign exchange Money Public and publicly-guaranteed external debt Public debt
English
Publication Date:
April 21, 2009
ISBN/ISSN:
9781451826982/1934-7685
Stock No:
1MNGEA2009001
Pages:
85
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