Prime Minister and IMF discuss future of extended fund facility
Prime Minister U.Khurelsukh met with the Resident Representative of the IMF, Neil Saker to reaffirm the government’s commitment to continue the extended fund facility program.
Prime Minister and IMF discuss future of extended fund facility. Prime Minister U.Khurelsukh met with the Resident Representative of the International Monetary Fund (IMF), Neil Saker to reaffirm the government’s commitment to continue the extended fund facility program. The new Cabinet will ensure continuity of the achievements of the previous Cabinet, including the Extended Fund Facility of the IMF, newly appointed Prime Minister U.Khurelsukh said. “The economic situation of Mongolia is better off than it was in 2016 when the previous Cabinet was established. We have seen an economic growth, with the inflation rate being a one-digit number,” said the Prime Minister, acknowledging the role of the IMF in the positive outcome. Mr Prime Minister then handed over an official letter to Mr. Sake which reaffirms Mongolia’s commitment to continue the extended fund facility program to deal with the nation’s economic challenges. For his part, Saker pointed out the IMF program will not only help stabilize the Mongolian economy but also will open the door for a concrete growth.
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