Mongolia: 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for Mongolia
IMF Staff Country Reports, March 6, 2014
Source details
- Canonical URL
- Mongolia: 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for Mongolia
Other formats
Bibliographic details
- Published: March 6, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475572445.002
Overview and timeframe
- Covers economic developments and policies of Mongolia between 2003 and 2013.
- Focuses on balance-of-payments (BOP) pressures compounded by negative shocks to foreign direct investment (FDI) and coal exports.
Key findings
- Balance-of-payments (BOP) pressures have intensified due to negative shocks to foreign direct investment (FDI) and coal exports.
- The banking sector exhibits multiple vulnerabilities that need to be addressed to stabilize the economy.
- Weaknesses in the business climate hinder investment and economic progress.
Policy recommendations and priorities
- Address banking sector vulnerabilities and financial institution weaknesses to restore stability.
- Improve the business climate to encourage private sector activity and investment.
- Launch and implement a new investment law to improve the business climate and encourage FDI inflows.
Subject classifications and keywords
- Subjects: Banking, Debt sustainability analysis, External debt, Financial institutions, Fiscal policy, Loans, Public debt
- Keywords: Asia and Pacific, Central Asia, CR, DBM spending, debt service, Debt sustainability analysis, expansionary fiscal policy, FDI inflow, Global, investment, investment approval, investment stability, ISCR, Loans, Mongolia
Content in this bundle
- IMF Country Report No. 14/64; Mongolia; November 1, 2013