Mongolia: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2007/030, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; expenditure reform; debt; debt ratio; central bank; authority; commodity price cycle; budget expenditure reform; Mongolian authorities; mineral wealth; terms-of-trade shock; commodity price development; Mining sector; Budget planning and preparation; Monetary base (search for similar items in EconPapers)
Pages: 60
Date: 2007-01-31
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