IMF Staff Country Reports

Mongolia: Selected Issues

Publication Date:

February 18, 1999

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper analyzes economic development in Mongolia during 1997–99. Economic performance in 1997 was impressive. Aided by strong political support for rapid reform and a generally favorable external environment, financial policies were tightened, and significant reductions in inflation were achieved. Broad-based structural reforms were also undertaken, including steps to restore confidence in the banking system. However, conditions changed abruptly in 1998 as deterioration in the external environment and domestic political problems combined to erode the momentum for reform.

Series:

Country Report No. 1999/004

Subject:

Bank deposits Banking Commercial banks External debt Financial institutions Loans Nonperforming loans Revenue administration