European Parliament Library

Mongolia :, 2009 Article IV Consultation, Third Review Under Stand-by Arrangement, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia

This 2009 Article IV Consultation highlights that the global economic crisis and collapse in copper prices in 2008 hit the Mongolian economy hard. The loose macropolicies and tightly managed exchange rate pursued during the preceding boom years had made the economy particularly vulnerable, and the situation deteriorated markedly in early 2009. The authorities are making progress toward restoring health to public finances. Executive Directors have supported the authorities’ policy priorities to restore health to public finances, rebuild international reserves while maintaining a flexible exchange rate, bolster confidence in the banking system, and protect the poor
Table Of Contents
Cover; Contents; I. Recent Developments; Boxes; 1. Comparison of Selected Copper Producing Countries; 2. The Recent Boom-Bust Cycle From a Macro-Policy Perspective; II. Policy Discussions; A. Monetary and Exchange Rate Policy; 3. The Long-Run Effect of Scaling up Mining Production; 4. Exchange Rate Assessment; B. Fiscal Policy; 5. Fiscal Responsibility Law; C. Banking System; D. Other; III. Staff Appraisal; Figures; 1. Macroeconomic Developments; 2. Policy Developments; 3. Banking Developments; Tables; 1. Mongolia: Selected Economic and Financial Indicators, 2007-10
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (86 p.)
Specific Material Designation
Form Of Item

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