Mongolia: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, November 15, 2005
Source details
- Canonical URL
- Mongolia: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: November 15, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826876.002
Economic performance (2004–early 2005)
- Mongolia’s overall economic performance was stronger than expected and broad based in 2004 and early 2005.
- High growth reflected multiple sectoral contributions rather than a single source.
Sectoral drivers of growth
- Rebound in the livestock sector following harsh winter shocks of 2000–01.
- Strong mining exploration and exports, boosted by a favorable environment of unusually high copper and gold prices.
Inflation dynamics
- After several years of moderation, inflation accelerated, reaching 17½ percent through June 2005.
- Main near-term price pressures came from sharp increases in prices of fuels and meat in the past twelve months.
Subjects and key thematic tags
- Banking
- Debt service
- Exports
- External debt
- Financial institutions
- International trade
- Loans
- Public debt