Mongolia: Fourth Review under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria – Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Mongolia

July 5, 2018

Summary

A three-year arrangement for Mongolia under the Extended Fund Facility (EFF) was approved on May 24, 2017, in an amount equivalent to SDR 314.5054 million (435 percent of quota, or about $425 million). The arrangement is part of a $5.5 billion multi-donor financing package that supports the authorities’ Economic Recovery Plan. The extended arrangement is subject to quarterly reviews.

Subject: Banking, Credit, Financial institutions, Loans, Money, Mortgages, Nonperforming loans, Public debt

Keywords: amended central bank law, Asia and Pacific, banking sector stability, CR, Credit, economic recovery program, Global, ISCR, Loans, Mongolia's performance, Mortgages, Nonperforming loans, recapitalization Law, staff appraisal

Pages:
57
Volume:
2018
DOI:
https://doi.org/10.5089/9781484365830.002
Issue:
204
Series:
Country Report No. 2018/204
Stock No:
1MNGEA2018002
ISBN:
9781484365830
ISSN:
1934-7685

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