A three-year arrangement for Mongolia under the Extended Fund Facility (EFF) was approved on May 24, 2017, in an amount equivalent to SDR 314.5054 million (435 percent of quota, or approximately $425 million). The arrangement forms part of a $5.5 billion multi-donor financing package that supports the authorities’ program of policy adjustment and structural reforms to stabilize the economy and lay the basis for sustainable, inclusive growth. The extended arrangement is subject to quarterly reviews though, because of delays, this is a combined first and second review.
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