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Mongolia: Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 130
Language:
English
Publication Date:
21 Apr 2009
DOI:
https://doi.org/10.5089/9781451826982.002
ISBN:
9781451826982
ISSN:
1934-7685
Pages:
85
Keywords:
ISCR; CR; Mongolia; rate; reference rate; debt service; government; blanket deposit guarantee scheme; Mongolia's adjustment; copper company; U.S. dollar; Credit; Exchange rates; Currencies; Global
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This paper focuses on proposed Stand-By arrangement (SBA) for Mongolia. This proposed SBA would aim to smooth adjustment to the catastrophic terms-of-trade shock, restore health to the country’s fiscal finances, and allow for exchange rate flexibility in line with market conditions. In addition, the IMF program would outline a clear macroeconomic framework to provide the basis for the authorities to approach the broader international community for financial support. Monetary policy will be calibrated to lower inflation while maintaining a flexible exchange rate and safeguarding international reserves.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund