Mongolia : Second Post-Program Monitoring Discussions

Publication Date: March 07, 2012
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Summary: This paper presents the second postprogram monitoring discussions on Mongolia’s economic developments. The Mongolian economy is undergoing a rapid expansion underpinned by strong commodity prices. Macroeconomic policies have been too expansionary, and the economy is overheating. A steady erosion of fiscal discipline, set against a backdrop of heightened global economic risks, has raised the risk of macroeconomic instability. There is an urgent need to reorient policies to contain overheating and strengthen the economy’s ability to endure deterioration in the global environment.
Series: Country Report No. 12/52
Subject(s): Banking sector | Budgets | Economic indicators | Government expenditures | Post-program monitoring

Publication Date: March 07, 2012
ISBN/ISSN: 9781475502374/1934-7685 Format: Paper
Stock No: 1MNGEA2012001 Pages: 39
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