Franklin

Mongolia [electronic resource] : 2012 Article IV Consultation and Third Post-Program Monitoring.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2012.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No.12/320.
IMF Staff Country Reports; Country Report No.12/320
Format/Description:
Government document
Book
1 online resource (66 p.)
Local subjects:
Article IV consultation reports. (search)
Average exchange rate. (search)
Budget deficit. (search)
Budget law. (search)
Budgets. (search)
Capital expenditure. (search)
Capital expenditures. (search)
Current account balance. (search)
Debt sustainability analysis. (search)
Dollar exchange rate. (search)
Economic growth. (search)
Economic indicators. (search)
Effective exchange rate. (search)
Exchange rate. (search)
Exchange rate flexibility. (search)
Exchange rate policy. (search)
Exchange rate regime. (search)
Exchange rate volatility. (search)
Expansionary fiscal. (search)
Expansionary fiscal policy. (search)
Expenditure growth. (search)
Expenditure restraint. (search)
Fiscal balance. (search)
Fiscal deficit. (search)
Fiscal finances. (search)
Fiscal framework. (search)
Fiscal indicators. (search)
Fiscal limits. (search)
Fiscal policy. (search)
Fiscal policy framework. (search)
Fiscal reforms. (search)
Fiscal revenue. (search)
Fiscal spending. (search)
Fiscal stability. (search)
Fiscal stance. (search)
Flexible exchange rate. (search)
Flexible exchange rate regime. (search)
Floating exchange rate. (search)
Floating exchange rate regime. (search)
Floating exchange rates. (search)
Government budget. (search)
Government deficit. (search)
Government expenditure. (search)
Government revenue. (search)
Government spending. (search)
Loose fiscal policy. (search)
Mining sector. (search)
Monetary policy. (search)
Nominal effective exchange rate. (search)
Post-program monitoring. (search)
Prudent fiscal policy. (search)
Public debt. (search)
Public information notices. (search)
Public spending. (search)
Real effective exchange rate. (search)
Revenue collection. (search)
Spending cuts. (search)
Staff Reports. (search)
State budget. (search)
Tax payments. (search)
Tax revenue. (search)
Mongolia. (search)
Summary:
Mongolia has made impressive progress in developing its economy over the past ten years. Medium-term prospects are promising as mining output is projected to expand by more than 20 percent per annum, on average, over the next five years. However, the prospects for sustained, rapid and inclusive non-mineral growth depend on the implementation of the stability-oriented fiscal framework that has been adopted in the aftermath of the 2008/09 balance of payments (BOP) crisis. This framework was designed to dampen volatility, mitigate risks to economic and financial stability, and strengthen long-term natural resource management. The expansionary fiscal policy of the past year is causing double-digit inflation and BOP pressures. Public spending needs to be reined in, in order not to risk undermining stability and growth prospects, and in view of Mongolia’s vulnerability to a downturn in commodities exports.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1475581483:
9781475581485
ISSN:
1934-7685
Publisher Number:
10.5089/9781475581485.002
Access Restriction:
Restricted for use by site license.
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