On May 24, 2017 the IMF Board approved a three-year Extended Fund Facility (EFF) for SDR 314.505 million (435 percent of quota) or about US$434 million for Mongolia. The financial assistance will support the country’s economic reform program to restore economic stability and create conditions for strong, sustainable and inclusive growth. It aims to encourage fiscal discipline and savings, rehabilitate the financial sector, promote investment and employment, and strengthen the social safety net to protect the most vulnerable citizens.
