Mongolia: Fourth Review under the Stand-By Arrangement and Request for Modification of Performance Criteria

March 29, 2010

Preview Citation

Format: Chicago

Mongolia: Fourth Review under the Stand-By Arrangement and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Mongolia. All end-December performance criteria were met, and the indicative limit on the fiscal deficit was met with a comfortable margin. Inflation, after falling rapidly into negative territory for the past few months, has swung upward and could reach 8 percent. The flexible exchange rate regime continues to work well, and the central bank has intervened sparingly in recent months. The key macromanagement priorities in the period ahead will be to contain inflation and maintain fiscal discipline.

Subject: Bank deposits, Bank resolution, Banking, Central banks, Credit, Exchange rates, Financial crises, Foreign exchange, International reserves, Monetary base, Money

Keywords: Authority, Bank resolution, Bank restructuring effort, Bank restructuring plan, CR, Credit, Exchange rates, Expenditure restraint, Global, International reserves, ISCR, Monetary base, Mongolian authorities, Net, Plan, SDR, Steadfast determination

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/084
Stock No:

1MNGEA2010002
ISBN:

9781455203253
ISSN:

1934-7685

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