Mongolia: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria

November 5, 2009

Preview Citation

Format: Chicago

Mongolia: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Mongolia. All end-June performance criteria for the Second Review were met. The authorities have also implemented all but two of the end-June structural benchmarks, albeit with some delay. The creation of a screen-based system for interbank foreign exchange transactions has not been completed. However, the foreign exchange auction system established under the program is working well. The authorities’ strong policy implementation under the program is working to stabilize market conditions and lower inflation.

Subject: Banking, Central banks, Commercial banks, Credit, Exchange rates, External debt, Financial institutions, Foreign exchange, International reserves, Money

Keywords: Banking system stability, Commercial banks, CR, Credit, Exchange rates, Foreign currency, Fund program, Global, Government, International reserves, ISCR, Market condition, Mongolian authority, Robust banking system, U.S. dollar

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/311
Stock No:

1MNGEA2009003
ISBN:

9781451827002
ISSN:

1934-7685

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