Mongolia : Second Post-Program Monitoring Discussions.

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 erosio...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
Colecção:IMF Staff Country Reports; Country Report ; No. 2012/052
Acesso em linha:Full text available on IMF
Descrição
Resumo: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.
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Descrição Física:1 online resource (39 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students