IMF Staff Country Reports

Mongolia: First and Second Reviews Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria, Extension of Arrangement and Rephasing of Purchases

Publication Date:

September 26, 2003

Electronic Access:

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Summary:

Mongolia has performed commendably under the Poverty Reduction Growth Facility arrangements. Executive Directors commended the prudent macroeconomic policies, low inflation, and reduction in vulnerability. They stressed the need to strengthen the fiscal position, improve economic governance, pursue prudent monetary and external debt management policies, and maintain an open trade and investment regime. They agreed that Mongolia's Economic Growth Support and Poverty Reduction Strategy (EGSPRS) provides a sound basis for IMF’s concessional financial assistance, and approved further finance assistance.

Series:

Country Report No. 2003/304

Subject:

Credit Debt service Expenditure External debt Monetary base Public and publicly-guaranteed external debt Public debt