Mongolia: Joint IMF/World Bank Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries
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Summary:
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.
Series:
Country Report No. 2010/166
Subject:
Debt sustainability analysis Economic sectors External debt Mining sector Public and publicly-guaranteed external debt Public debt
Frequency:
Annually
English
Publication Date:
June 11, 2010
ISBN/ISSN:
9781455203260/1934-7685
Stock No:
1MNGEA2010003
Pages:
17
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