Mongolia: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, November 14, 2002
Source details
- Canonical URL
- Mongolia: Staff Report for the 2002 Article IV Consultation
Other formats
Bibliographic details
- Published: November 14, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826807.002
Executive summary — domestic economic performance
- Mongolia’s domestic economic performance was mixed during 2000–01 and in the first half of 2002.
- The severe winters of 2000–01 took a heavy toll on output and rural incomes.
- Real GDP growth is officially estimated to have declined to about 1 percent a year in 2000–01.
- Inflation rose to 11½ percent in 2000, driven by weather-related decreases in food supplies and higher public utility tariffs.
- A 25 percent general increase in civil service wages compounded inflationary pressures.
Key statistics and dates
- Publication date: November 14, 2002
- Real GDP growth (official estimate): about 1 percent a year in 2000–01
- Inflation: 11½ percent in 2000
- Civil service wage increase: 25 percent
- Coverage period noted: 2000–01 and first half of 2002
Major themes and policy-relevant topics (as listed)
- Budget planning and preparation
- Commercial banks
- Expenditure
- External debt
- Labor
- Public debt
- Public financial management (PFM)
- Public sector wages
Keywords and focus areas
- authorities privatization program
- authorities' responsiveness to fund staff view
- Budget planning and preparation
- civil service reform package
- CR
- economy
- fund
- fund mission
- Global
- government
- ISCR
- payment arrears
- Public sector wages
- reform
- reform plan
- reform strategy