## Mongolia: First and Second Reviews Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria, Extension of Arrangement and Rephasing of Purchases

_IMF Staff Country Reports, September 26, 2003_

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## Bibliographic details
- Published: September 26, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826852.002

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### Key findings and assessment
- Mongolia has performed commendably under the Poverty Reduction Growth Facility arrangements.
- Executive Directors commended:
  - the prudent macroeconomic policies,
  - low inflation,
  - reduction in vulnerability.
- Directors stressed the need to:
  - strengthen the fiscal position,
  - improve economic governance,
  - pursue prudent monetary and external debt management policies,
  - maintain an open trade and investment regime.
- Directors agreed that Mongolia's Economic Growth Support and Poverty Reduction Strategy (EGSPRS) provides a sound basis for IMF’s concessional financial assistance, and approved further finance assistance.

### Policy recommendations and conditionalities
- Strengthen the fiscal position.
- Improve economic governance.
- Pursue prudent monetary management.
- Pursue prudent external debt management policies.
- Maintain an open trade and investment regime.

### Program context and instruments
- Program: Poverty Reduction Growth Facility (PRGF) concessional financial assistance.
- Assessment basis: Economic Growth Support and Poverty Reduction Strategy (EGSPRS).

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/mongolia-first-and-second-reviews-under-the-poverty-reduction-and-growth-facility-and-16893_