Mongolia: Second Post-Program Monitoring Discussions

March 7, 2012

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Mongolia: Second Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2012) accessed November 8, 2024

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.

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)

Keywords: Asia and Pacific, Bank supervision, Budget amendment, Budget planning and preparation, CR, Financial statistics, Global, Hike, IMF staff projection, Inflation, Inflation pressure, ISCR, Monetary policy tightening, PFM legal and regulatory frameworks, Rate, Rate hike

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/052
Stock No:

1MNGEA2012001
ISBN:

9781475502374
ISSN:

1934-7685

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