IMF Staff Country Reports

Mongolia: Staff Report for the 2005 Article IV Consultation

Publication Date:

November 15, 2005

Electronic Access:

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Summary:

This 2005 Article IV Consultation highlights that Mongolia’s overall economic performance was stronger than expected and broad based in 2004 and early 2005. Sectoral contributions to high growth included a rebound in the livestock sector from harsh winter shocks of 2000–01 and strong mining exploration and exports, boosted by a favorable environment of unusually high copper and gold prices. After several years of moderation, however, inflation has accelerated, reaching 17½ percent through June 2005, as prices of fuels and meat have increased sharply in the past twelve months.

Series:

Country Report No. 2005/396

Subject:

Banking Debt service Exports External debt Financial institutions International trade Loans Public debt