Mongolia: Fifth and Sixth Reviews under the Stand-By Arrangement and Rephasing of Purchases

September 20, 2010

Summary

Despite the negative impact of the severe winter on agriculture, other indicators are pointing to a strong recovery. Exports are growing rapidly, fueled by the rebound in copper prices and a rapid growth in coal exports. Rephasing of purchases by combining the fifth and sixth reviews is requested owing to the delay in completing the fifth review, and earlier-than-planned Board discussion of the sixth review. The sixth review is the final review. The fiscal responsibility law will help secure a lasting fiscal discipline.

Subject: Bank resolution, Banking, Commercial banks, Exchange rates, Financial crises, Financial institutions, Foreign exchange, Inflation, PFM legal and regulatory frameworks, Prices, Public financial management (PFM)

Keywords: authority, Bank resolution, Commercial banks, CR, disbursement of an amount equivalent to SDR, Exchange rates, fiscal policy credibility, Global, Inflation, ISCR, issued banking regulation, Mongolian authorities, month Stand-By Arrangement, PFM legal and regulatory frameworks, policy, prompt intervention

Pages:
29
Volume:
2010
DOI:
https://doi.org/10.5089/9781455208616.002
Issue:
294
Series:
Country Report No. 2010/294
Stock No:
1MNGEA2010004
ISBN:
9781455208616
ISSN:
1934-7685

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