## Mongolia: 2015 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Mongolia

_IMF Staff Country Reports, April 30, 2015_

## Source details

**Canonical URL:** [Mongolia: 2015 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Mongolia](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/mongolia-2015-article-iv-consultation-staff-report-press-release-and-statement-by-the-42880/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/mongolia-2015-article-iv-consultation-staff-report-press-release-and-statement-by-the-42880/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/mongolia-2015-article-iv-consultation-staff-report-press-release-and-statement-by-the-42880/bundle-manifest.json)

## Bibliographic details
- Published: April 30, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484346341.002

---

### Summary
- 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.

### Key findings and indicators
- 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.

### Policy recommendations and executive directors’ stance
- Foster high, inclusive growth through:
  - Improving the investment climate.
  - Enhancing competitiveness.
  - Promoting economic diversification.

---

## Content in this bundle

- **_cr15109**
  - [_cr15109 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15109.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr15109 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15109.pdf){rel="external" type="application/pdf"}

---

_Source: 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_