Mongolia: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2002/252, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that Mongolia’s domestic economic performance was mixed during 2000–01 and in the first half of 2002. The severe winters of 2000–01 took a heavy toll on output and rural incomes. Real GDP growth is officially estimated to have declined to about 1 percent a year in 2000–01. Inflation rose to 11½ percent in 2000, as the effects of weather-related decreases in food supplies and higher public utility tariffs were compounded by a 25 percent general increase in civil service wages.

Keywords: ISCR; CR; authorities privatization program; government; economy; reform plan; fund; reform; reform strategy; civil service reform package; authorities' responsiveness to fund staff view; fund mission; payment arrears; Public sector wages; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 78
Date: 2002-11-14
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Citations: View citations in EconPapers (11)

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