The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to...

Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in...

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Mongolia. All end-December performance criteria were met, and the indicative limit on the fiscal deficit was met with a comfortable margin. Inflation, after falling rapidly into negative territory for the...

This paper studies Mongolia''s experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial ""transformational...

Despite the negative impact of the severe winter on agriculture, other indicators are pointing to a strong recovery. Exports are growing rapidly, fueled by the rebound in copper prices and a rapid growth in coal exports. Rephasing of purchases by combining the fifth and sixth reviews is...

The staff report for the 2010 Article IV Consultation underlies that in recent years, Mongolia’s economy has performed quite well. The inflation pressures reflected a relaxation of monetary and fiscal policies and large increases in prices for food and fuel. The debt service burden and...

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...

This paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code. The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges. There are signs that the...

This report provides the details of the IMF's projections and estimates for Mongolia on selected economic indicators, 1995–98; gross domestic product; output of major agricultural products and basic industrial and mining products; petroleum balances; electricity sector; retail prices; summary...