Mongolia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mongolia
Author/Editor:
International Monetary Fund. Asia and Pacific Dept
Publication Date:
September 17, 2019
Electronic Access:
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Summary:
Since the start of the IMF-supported program in early 2017, the economy has recovered significantly and is now more resilient due to a stronger policy framework, significant official financing, and a rebound in external demand. Nonetheless, fiscal, financial, and external buffers remain insufficient, particularly given Mongolia’s vulnerability to shocks. Moreover, the IMF-supported program is currently delayed. The near-term priority is addressing outstanding prior actions under the program and passing a 2020 budget consistent with continued debt reduction.
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