Mongolia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
IMF Staff Country Reports, October 16, 2001
Source details
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- Mongolia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
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Bibliographic details
- Published: October 16, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826791.002
Summary
- Mongolia has made great strides in fostering a market economy and promoting macroeconomic stability under the Poverty Reduction and Growth Facility (PRGF) Arrangement.
- Executive Directors welcomed this step, and stressed the need to improve economic governance, fiscal and monetary policies, and accelerate structural reforms.
- The Directors appreciated fiscal transparency and accountability, realistic budgeting, better treasury management, and the privatization and energy sector reform.
- The Directors agreed that the government's reform program merits the support of the international community, and approved the request for a three-year arrangement under the PRGF.
- Publication date: October 16, 2001.
- Pages: 101. Volume: 2001. Issue: 182. Series: Country Report No. 2001/182.
Key findings and assessments
- Macroeconomic stability has improved under the PRGF Arrangement.
- Progress noted in:
- Fiscal transparency and accountability.
- Realistic budgeting.
- Better treasury management.
- Privatization program.
- Energy sector reform.
- Remaining priorities highlighted by Executive Directors:
- Improve economic governance.
- Strengthen fiscal and monetary policies.
- Accelerate structural reforms.
Policy recommendations and program decisions
- Approval of the government's request for a three-year arrangement under the PRGF.
- Continued international support recommended for Mongolia’s reform program.
- Emphasis on further reforms in governance, fiscal policy, monetary policy, and structural areas to consolidate gains.
Metadata and identifiers
- DOI: https://doi.org/10.5089/9781451826791.002
- Stock No: 1MNGEA0012001
- ISBN: 9781451826791
- ISSN: 1934-7685
- Format noted: IMF Staff Country Reports.
- Related subjects: Arrears, Budget planning and preparation, Economic sectors, Energy sector, Expenditure, External debt, Public debt, Public financial management (PFM).
- Keywords as listed: Arrears, BOM bill placement, Budget planning and preparation, CR, Energy sector, government, government of Mongolia, government's credibility, I-PRSP, I-PRSP development, ISCR, privatization program, tax authority.
International Monetary Fund. "Mongolia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility", IMF Staff Country Reports 2001, 182 (2001).