Mongolia: Second Post-Program Monitoring Discussions
Electronic Access:
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Summary:
This paper presents the second postprogram monitoring discussions on Mongolia’s economic developments. The Mongolian economy is undergoing a rapid expansion underpinned by strong commodity prices. Macroeconomic policies have been too expansionary, and the economy is overheating. A steady erosion of fiscal discipline, set against a backdrop of heightened global economic risks, has raised the risk of macroeconomic instability. There is an urgent need to reorient policies to contain overheating and strengthen the economy’s ability to endure deterioration in the global environment.
Series:
Country Report No. 2012/052
Subject:
Bank supervision Budget planning and preparation Economic and financial statistics Financial regulation and supervision Financial statistics Government finance statistics Inflation PFM legal and regulatory frameworks Prices Public financial management (PFM)
English
Publication Date:
March 7, 2012
ISBN/ISSN:
9781475502374/1934-7685
Stock No:
1MNGEA2012001
Pages:
39
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