IMF team to visit Mongolia for second review
IMF team for the first review of the Extended Fund Facility Program concluded that the program has made a very good start.
IMF team is to visit Mongolia for the second review. IMF team for the first review of the Extended Fund Facility Program concluded that the program has made a very good start. Now the IMF team is intended to visit Ulaanbaatar, Mongolia next week for a second review of the program. During the visit, the IMF team will re-assess the economy and decide whether the program to enter the next stage. "On Mongolia, the program started in April and has made a very good start. Growth is up. The balance of payments has stabilized and the fiscal also. The budget is doing quite well, particularly on the revenue side” said Mr Markus Rodlauer, IMF`s Deputy Director of Asia and Pacific Department at the press conference on the IMF's Asia and Pacific Regional Economic Outlook Update. Under the program, USD 440 million from the IMF and 5.5 billion USD from member countries are being provided to Mongolia.
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