Mongolia Representative Site
Representative Office in Mongolia
This web page presents information about the work of the IMF in Mongolia, including the activities of the IMF Representative Office. Additional information can be found on the Mongolia and IMF country page, including IMF reports and Executive Board documents that deal with Mongolia.
News — Highlights
As part of a series of JISPA newsletters commemorating the JISPA 20th year’s anniversary in 2013, this second issue focuses on the IMF’s role in the JISPA, through an interview with Messrs. Shogo Ishii and Odd Per Brekk, respectively former and current directors of the IMF Regional Office for Asia and the Pacific (OAP).
Growth in the Asia-Pacific region shows signs of improving as extreme risks emanating from advanced economies have receded and domestic demand remains resilient, supported by relatively easy financial conditions and robust labor markets.
Mongolia and the IMF
November 29, 2012
Series: Country Report No.12/320
Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation and Third Post-Program Monitoring with Mongolia
November 14, 2012
Series: Country Report No. 12/306
Regional Economic Outlook: Asia and Pacific
Asia has not been spared by the recent re-pricing of financial assets in emerging markets, encountering a wave of capital outflows in the past few months. The overall impact has, so far, been manageable although some countries have been subject to greater stress. Tighter global liquidity— and homegrown structural impediments in some countries—will weigh on growth, but for most economies the impact should be partly offset by a gradual pickup in exports to advanced economies and resilient domestic demand. If, however, conditions tighten further we are likely to see even greater differentiation across the region. Those with strong fundamentals and policy credibility will be able to offset imported tightening through lower policy rates and fiscal support. Others that have delayed reforms, left fiscal vulnerabilities untackled, or tolerated too-high inflation may be forced to respond with a procyclical policy tightening. Announcing credible medium-term reforms would rebuild confidence and ease policy trade-offs.