Mongolia : Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria

1MNGEA2009003 Image
Price:  $18.00

Release Date: © November, 2009
ISBN : 978-1-45182-700-2
Stock #: 1MNGEA2009003
English
Stock Status: On back-order

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Description

This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Mongolia. All end-June performance criteria for the Second Review were met. The authorities have also implemented all but two of the end-June structural benchmarks, albeit with some delay. The creation of a screen-based system for interbank foreign exchange transactions has not been completed. However, the foreign exchange auction system established under the program is working well. The authorities’ strong policy implementation under the program is working to stabilize market conditions and lower inflation.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Monetary policy




More publications in this series: IMF Staff Country Reports