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Mongolia: Second Post-Program Monitoring Discussions

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  • International Monetary Fund

Abstract

This paper presents the second postprogram monitoring discussions on Mongolia’s economic developments. The Mongolian economy is undergoing a rapid expansion underpinned by strong commodity prices. Macroeconomic policies have been too expansionary, and the economy is overheating. A steady erosion of fiscal discipline, set against a backdrop of heightened global economic risks, has raised the risk of macroeconomic instability. There is an urgent need to reorient policies to contain overheating and strengthen the economy’s ability to endure deterioration in the global environment.

Suggested Citation

  • International Monetary Fund, 2012. "Mongolia: Second Post-Program Monitoring Discussions," IMF Staff Country Reports 2012/052, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/052
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25764
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    Cited by:

    1. Julia Bersch & Mr. Steven A Barnett & Mr. Yasuhisa Ojima, 2012. "Inflation Dynamics in Mongolia: Understanding the Roller Coaster," IMF Working Papers 2012/192, International Monetary Fund.

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