IMF Staff Country Reports

Mongolia: Staff Report for the 2006 Article IV Consultation

Publication Date:

January 31, 2007

Electronic Access:

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Summary:

This 2006 Article IV Consultation highlights that Mongolia’s macroeconomic performance in 2005–06 has been robust, underpinned by a run-up on copper and gold prices, declining inflation, and budget and external current account surpluses. Real GDP growth in 2005–06 is estimated at 7 percent, in line with the average pace since 2002. The mineral sector has been a key engine of growth, supported by favorable weather conditions, and buoyant recovery in the construction and services sectors. Mongolia’s medium-term outlook for sustained growth and poverty reduction is broadly favorable, but subject to risks.

Series:

Country Report No. 2007/030

Subject:

Budget planning and preparation Economic sectors External debt Mining sector Monetary base Money Public debt Public financial management (PFM)