Mongolia : second post-program monitoring discussions /
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Imprint: | Washington, D.C. : International Monetary Fund, 2012. |
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Description: | 1 online resource (1 volume (various pagings) :) : color illustrations. |
Language: | English |
Series: | IMF country report ; no. 12/52 IMF country report ; no. 12/52. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12500844 |
Other authors / contributors: | Chalk, Nigel. Waysand, Claire. |
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ISBN: | 9781475557541 147555754X 9781475502374 |
Notes: | Includes bibliographical references. |
Summary: | 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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