IMF Staff Country Reports

Mongolia: First Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia

Publication Date:

August 17, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Mongolia. The paper reveals that economic activity in Mongolia is slowing and inflation is falling, broadly in line with what was anticipated at the time the program was approved. The authorities’ strong policy implementation is working to stabilize the economy. The biweekly foreign exchange auctions are also working well, and the authorities remain committed to allowing exchange rate flexibility in line with market conditions.

Series:

Country Report No. 2009/254

Subject:

Banking Central banks Commercial banks Credit Exchange rates Financial institutions Foreign exchange International reserves Monetary base Money