IMF Staff Country Reports

Mongolia : Fifth and Sixth Reviews under the Stand-By Arrangement and Rephasing of Purchases

Author/Editor:

International Monetary Fund

Publication Date:

September 20, 2010

Electronic Access:

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Summary:

Despite the negative impact of the severe winter on agriculture, other indicators are pointing to a strong recovery. Exports are growing rapidly, fueled by the rebound in copper prices and a rapid growth in coal exports. Rephasing of purchases by combining the fifth and sixth reviews is requested owing to the delay in completing the fifth review, and earlier-than-planned Board discussion of the sixth review. The sixth review is the final review. The fiscal responsibility law will help secure a lasting fiscal discipline.

Series:

Country Report No. 10/294

Subject:

Announcements Bank restructuring Banking sector Economic indicators Economic recovery Fiscal policy Fiscal risk Flexible exchange rate policy Monetary policy Mongolia Phasing of purchases Stand-by arrangement reviews