Mongolia remains committed to IMF’s program

Oyundelger 2017-10-31 08:10

Politics

Prime Minister U.Khurelsukh met Geoff Gottlieb, Leader of International Monetary Fund Staff Team, and Neil Saker, head of IMF Representative Office in Mongolia.

Prime Minister U.Khurelsukh met Geoff Gottlieb, Leader of the International Monetary Fund Staff Team, and Neil Saker, head of the IMF Representative Office in Mongolia. Geoff Gottlieb reported that IMF’s ‘Extended Fund Facility’ program is to be resumed for stable implementation in Mongolia. “It was a crucial step that Prime Minister U.Khurelsukh sent a letter to the IMF Managing Director Christine Lagarde that the new Government also remains committed to the program’. Christine continued ‘In this context, it ensures to resume the program that was put on hold as a result of the change in the Government since June, 2017. It also provides an opportunity to investors and donors to grant financial assistance,” underlined Geoff Gottlieb. In turn, U. Khurelsukh thanked for the IMF’s decision, noting that the Government aims at improving budgetary disciplines, cutting budget losses, avoiding an issuance of Government bond and striving to decrease debts by surplus income and additional sources as much as possible.