Mongolia: First Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia

International Monetary Fund

No 2009/254, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the First Review Under the Stand-By Arrangement for Mongolia. The paper reveals that economic activity in Mongolia is slowing and inflation is falling, broadly in line with what was anticipated at the time the program was approved. The authorities’ strong policy implementation is working to stabilize the economy. The biweekly foreign exchange auctions are also working well, and the authorities remain committed to allowing exchange rate flexibility in line with market conditions.

Keywords: ISCR; CR; authority; credit condition; master agreement; tightening measure; private sector credit condition; Mongolian authorities; authorities stance; Commercial banks; Exchange rates; Credit; International reserves; Monetary base; Global (search for similar items in EconPapers)
Pages: 37
Date: 2009-08-17
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