Mongolia: Joint IMF/World Bank Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries
June 11, 2010
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This paper focuses on the increase in the external debt stock that reflects donor financing, including IMF and Bank lending to help Mongolia smooth its fiscal adjustment path after the major terms of trade shock. The fiscal deficit is expected to steadily decline until revenues from the Oyu Tolgoi mine enter the budget. Since the World Bank’s 2008 Debt Management Performance Assessment (DeMPA), Mongolia has improved debt management procedures and has prepared a medium-term debt management strategy.
Subject: Debt sustainability analysis, Economic sectors, External debt, Mining sector, Public and publicly-guaranteed external debt, Public debt
Keywords: CR, debt, debt indicator, debt service, debt service ratio, debt service-to-revenue, debt service-to-revenue ratio, debt stock, Debt sustainability analysis, debt threshold, Global, ISCR, Mining sector, PPG debt, present value, price, Public and publicly-guaranteed external debt, real GDP, service-to-revenue ratio, sustainability framework, U.S. dollar, U.S. dollar terms
Pages:
17
Volume:
2010
DOI:
Issue:
166
Series:
Country Report No. 2010/166
Stock No:
1MNGEA2010003
ISBN:
9781455203260
ISSN:
1934-7685
