{
  "title": "Mongolia: Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia",
  "publication": "IMF Staff Country Reports, April 21, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/mongolia-request-for-stand-by-arrangement-staff-report-staff-supplements-press-release-on-22893",
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  "summary": "This paper focuses on proposed Stand-By arrangement (SBA) for Mongolia. This proposed SBA would aim to smooth adjustment to the catastrophic terms-of-trade shock, restore health to the country’s fiscal finances, and allow for exchange rate flexibility in line with market conditions.",
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    {
      "heading": "Program objectives and focus",
      "content": "- Aim: Proposed Stand-By arrangement (SBA) for Mongolia.\n- Primary goals:\n  - Smooth adjustment to the catastrophic terms-of-trade shock.\n  - Restore health to the country’s fiscal finances.\n  - Allow for exchange rate flexibility in line with market conditions.\n- Role of the IMF program: Outline a clear macroeconomic framework to provide the basis for the authorities to approach the broader international community for financial support."
    },
    {
      "heading": "Macroeconomic policy stance and instruments",
      "content": "- Monetary policy:\n  - Calibrated to lower inflation.\n  - Maintain a flexible exchange rate.\n  - Safeguard international reserves.\n- Exchange rate policy:\n  - Flexibility in line with market conditions emphasized as a program objective."
    },
    {
      "heading": "Intended outcomes and policy linkages",
      "content": "- Fiscal policy: Restore fiscal health (phrase from source).\n- External support: Program designed to enable authorities to seek broader international financial support by providing a clear macroeconomic framework.\n- Financial stability measures implied: Exchange rate flexibility and reserve safeguards to support macro-stability during adjustment."
    },
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      "heading": "Keywords and thematic tags (as provided)",
      "content": "- blanket deposit guarantee scheme, copper company, CR, Credit, Currencies, debt service, Exchange rates, Global, government, ISCR, Mongolia, Mongolia's adjustment, rate, reference rate, U.S. dollar\n\n---\n\n Content in this bundle\n\n- cr09130\n  - cr09130 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09130 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 21, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451826982.002",
    "Aim: Proposed Stand-By arrangement (SBA) for Mongolia.",
    "Primary goals:",
    "Role of the IMF program: Outline a clear macroeconomic framework to provide the basis for the authorities to approach the broader international community for financial support.",
    "Monetary policy:",
    "Exchange rate policy:",
    "Fiscal policy: Restore fiscal health (phrase from source).",
    "External support: Program designed to enable authorities to seek broader international financial support by providing a clear macroeconomic framework.",
    "Financial stability measures implied: Exchange rate flexibility and reserve safeguards to support macro-stability during adjustment.",
    "blanket deposit guarantee scheme, copper company, CR, Credit, Currencies, debt service, Exchange rates, Global, government, ISCR, Mongolia, Mongolia's adjustment, rate, reference rate, U.S. dollar",
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