Mongolia: Selected Issues

February 18, 1999

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Mongolia: Selected Issues, (USA: International Monetary Fund, 1999) accessed September 19, 2024

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.

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

Keywords: Asia and Pacific, Balance of payments, Banking system, Broad money, Capital adequacy ratio, Central bank, Commercial banks, CR, Exchange rate, Foreign currency, Gross domestic product, ISCR, Loans, Nonperforming loans, Savings bank

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/004
Stock No:

1MNGEA0011999
ISBN:

9781451826777
ISSN:

1934-7685

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