Mongolia: Staff Report for the 2006 Article IV Consultation

January 31, 2007

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Mongolia: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that Mongolia’s macroeconomic performance in 2005–06 has been robust, underpinned by a run-up on copper and gold prices, declining inflation, and budget and external current account surpluses. Real GDP growth in 2005–06 is estimated at 7 percent, in line with the average pace since 2002. The mineral sector has been a key engine of growth, supported by favorable weather conditions, and buoyant recovery in the construction and services sectors. Mongolia’s medium-term outlook for sustained growth and poverty reduction is broadly favorable, but subject to risks.

Subject: Budget planning and preparation, Economic sectors, External debt, Mining sector, Monetary base, Money, Public debt, Public financial management (PFM)

Keywords: Authority, Budget expenditure reform, Budget planning and preparation, Central bank, Commodity price cycle, Commodity price development, CR, Debt, Debt ratio, Expenditure reform, ISCR, Mineral wealth, Mining sector, Monetary base, Mongolian authorities, Terms-of-trade shock

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/030
Stock No:

1MNGEA2007001
ISBN:

9781451826920
ISSN:

1934-7685

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