IMF Staff Country Reports

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

April 21, 2009

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International Monetary Fund. "Mongolia: Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia", IMF Staff Country Reports 2009, 130 (2009), accessed 12/24/2025, https://doi.org/10.5089/9781451826982.002

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Summary

This paper focuses on proposed Stand-By arrangement (SBA) for Mongolia. This proposed SBA would aim to smooth adjustment to the catastrophic terms-of-trade shock, restore health to the country’s fiscal finances, and allow for exchange rate flexibility in line with market conditions. In addition, the IMF program would outline a clear macroeconomic framework to provide the basis for the authorities to approach the broader international community for financial support. Monetary policy will be calibrated to lower inflation while maintaining a flexible exchange rate and safeguarding international reserves.

Keywords: blanket deposit guarantee scheme, copper company, CR, Credit, Currencies, debt service, Exchange rates, Global, government, ISCR, Mongolia, Mongolia's adjustment, rate, reference rate, U.S. dollar