Progress of IMF Extended Fund Facility programme discussed
The visiting Prime Minister Khurelsukh Ukhnaa met Christine Lagarde, IMF Managing Director on his sidelines of the Boao Forum, which is being held in China.
Progress of IMF Extended Fund Facility programme discussed. The visiting Prime Minister Khurelsukh Ukhnaa met Christine Lagarde, IMF Managing Director on his sidelines of the Boao Forum, which is being held in China. Prime Minister was informed that IMF team will visit Mongolia in upcoming June to conduct the next review of the Extended Fund Facility Programme. During the meeting, the Prime Minister emphasized the positive outcome of the IMF program in Mongolia such as accelerated economic growth, increased investment and improved budget balance, appreciating the support of the IMF to Mongolia. The Government of Mongolia is working towards reducing budget deficit through improvement of budget discipline and limitations on expenditure, and diversifying the economy. Meanwhile, Managing Director Lagarde expressed satisfaction on the progress of the Extended Fund Facility programme, expressing her confidence that Mongolia will ensure continuity of the successful implementation.
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