Mongolia: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria
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Summary:
This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Mongolia. All end-June performance criteria for the Second Review were met. The authorities have also implemented all but two of the end-June structural benchmarks, albeit with some delay. The creation of a screen-based system for interbank foreign exchange transactions has not been completed. However, the foreign exchange auction system established under the program is working well. The authorities’ strong policy implementation under the program is working to stabilize market conditions and lower inflation.
Series:
Country Report No. 2009/311
Subject:
Banking Central banks Commercial banks Credit Exchange rates External debt Financial institutions Foreign exchange International reserves Money
Frequency:
Monthly
English
Publication Date:
November 5, 2009
ISBN/ISSN:
9781451827002/1934-7685
Stock No:
1MNGEA2009003
Pages:
38
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