{
  "title": "Mongolia: 2015 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Mongolia",
  "publication": "IMF Staff Country Reports, April 30, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/mongolia-2015-article-iv-consultation-staff-report-press-release-and-statement-by-the-42880",
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  "summary": "This 2015 Article IV Consultation highlights that Mongolia’s medium- to long-term prospects are promising given its large natural resources.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Mongolia’s medium- to long-term prospects are promising given its large natural resources.\n- In the near term, the country faces balance-of-payments (BOP) pressures due to low foreign direct investment, weak commodity prices, and expansionary macro policies.\n- Imports have started to taper off.\n- With the first phase of the Oyu Tolgoi copper and gold mine now in operation, exports have picked up.\n- The trade balance has improved, but the overall BOP remains weak.\n- Executive directors supported efforts to foster high, inclusive growth by improving the investment climate, enhancing competitiveness, and promoting economic diversification."
    },
    {
      "heading": "Key findings and indicators",
      "content": "- Balance-of-payments (BOP) pressures persist.\n- Low foreign direct investment cited as a contributor to BOP weakness.\n- Weak commodity prices cited as a contributor to BOP weakness.\n- Expansionary macro policies cited as a contributor to BOP weakness.\n- Imports: have started to taper off.\n- Exports: have picked up following the first phase of the Oyu Tolgoi copper and gold mine becoming operational.\n- Trade balance: improved.\n- Overall BOP: remains weak."
    },
    {
      "heading": "Policy recommendations and executive directors’ stance",
      "content": "- Foster high, inclusive growth through:\n  - Improving the investment climate.\n  - Enhancing competitiveness.\n  - Promoting economic diversification.\n\n---\n\n Content in this bundle\n\n- cr15109\n  - cr15109 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15109 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 30, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484346341.002",
    "Mongolia’s medium- to long-term prospects are promising given its large natural resources.",
    "In the near term, the country faces balance-of-payments (BOP) pressures due to low foreign direct investment, weak commodity prices, and expansionary macro policies.",
    "Imports have started to taper off.",
    "With the first phase of the Oyu Tolgoi copper and gold mine now in operation, exports have picked up.",
    "The trade balance has improved, but the overall BOP remains weak.",
    "Executive directors supported efforts to foster high, inclusive growth by improving the investment climate, enhancing competitiveness, and promoting economic diversification.",
    "Balance-of-payments (BOP) pressures persist.",
    "Low foreign direct investment cited as a contributor to BOP weakness.",
    "Weak commodity prices cited as a contributor to BOP weakness.",
    "Expansionary macro policies cited as a contributor to BOP weakness.",
    "Imports: have started to taper off.",
    "Exports: have picked up following the first phase of the Oyu Tolgoi copper and gold mine becoming operational.",
    "Trade balance: improved.",
    "Overall BOP: remains weak.",
    "Foster high, inclusive growth through:",
    "**_cr15109**"
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