Mongolia: Joint IMF/World Bank Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries

International Monetary Fund

No 2010/166, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on the increase in the external debt stock that reflects donor financing, including IMF and Bank lending to help Mongolia smooth its fiscal adjustment path after the major terms of trade shock. The fiscal deficit is expected to steadily decline until revenues from the Oyu Tolgoi mine enter the budget. Since the World Bank’s 2008 Debt Management Performance Assessment (DeMPA), Mongolia has improved debt management procedures and has prepared a medium-term debt management strategy.

Keywords: ISCR; CR; debt; real GDP; U.S. dollar; price; debt service; present value; U.S. dollar terms; sustainability framework; debt indicator; debt service-to-revenue ratio; debt stock; debt service-to-revenue; PPG debt; debt threshold; debt service ratio; service-to-revenue ratio; Public and publicly-guaranteed external debt; Debt sustainability analysis; Mining sector; Global (search for similar items in EconPapers)
Pages: 17
Date: 2010-06-11
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