IMF Staff Country Reports

Mongolia: Staff Report for the 2002 Article IV Consultation

Publication Date:

November 14, 2002

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that 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, as the effects of weather-related decreases in food supplies and higher public utility tariffs were compounded by a 25 percent general increase in civil service wages.

Series:

Country Report No. 2002/252

Subject:

Budget planning and preparation Commercial banks Expenditure External debt Labor Public debt Public financial management (PFM) Public sector wages