Mongolia: First and Second Reviews Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria, Extension of Arrangement and Rephasing of Purchases

September 26, 2003

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Mongolia: First and Second Reviews Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria, Extension of Arrangement and Rephasing of Purchases, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

Mongolia has performed commendably under the Poverty Reduction Growth Facility arrangements. Executive Directors commended the prudent macroeconomic policies, low inflation, and reduction in vulnerability. They stressed the need to strengthen the fiscal position, improve economic governance, pursue prudent monetary and external debt management policies, and maintain an open trade and investment regime. They agreed that Mongolia's Economic Growth Support and Poverty Reduction Strategy (EGSPRS) provides a sound basis for IMF’s concessional financial assistance, and approved further finance assistance.

Subject: Credit, Debt service, Expenditure, External debt, Monetary base, Public and publicly-guaranteed external debt, Public debt

Keywords: Asia and Pacific, BOM bill rate, BOM's net international reserves, CR, Debt service, Government, ISCR, Net credit to government, Outlay, PRGF loan, PRGF-supported program, Public and publicly-guaranteed external debt

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/304
Stock No:

1MNGEA0032003
ISBN:

9781451826852
ISSN:

1934-7685

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