This paper examines the impact of Foreign Direct Investment (FDI) intended to increase the exporting capacity of the coal sector on the Mongolian economy and environment by using a recursive dynamic Computable General Equilibrium model. FDI was used to expand the coal-export sector as well as to...

The Government of Mongolia began implementing an IMF program under the Extended Fund Facility agreement (EFF) in May 2017. Under the program, the government has decreased expenditures and increased taxes to achieve debt sustainability via fiscal consolidation and stable growth. At the same time,...

The Mongolian economy has experienced unprecedented growth rates driven by the booming mining sector. At the same time, it has become increasingly dependent on the mining sector to the extent that movements in the international price of mining commodities could have disturbing effects on the...

This paper examines the impact of three shocks (a commodity-price drop, fiscal expansion, and the termination of the biggest mine development) looming in Mongolia's near future. We modified the PEP-1-t model and calibrated it to the IMF's recent projections in a business-as-usual scenario. The...