This web page presents information about the work of the IMF in Mongolia, including the activities of the IMF Representative Office. Additional information can be found on the Mongolia and IMF country page, including IMF reports and Executive Board documents that deal with Mongolia.
At a Glance
- Current IMF membership: 190 countries
- Mongolia joined the Fund in February 14, 1991; Article VIII; Quota: SDR 51.10 million
- Current Outstanding Purchases: Stand-by Arrangement SDR 35.8 million
- Country Report: Staff report for the 2017 Article IV Consultation (also available in Mongolian), May 31, 2017
News and highlights
-
Open Editorial: A better alternative to interest rate caps (Mongol Messenger)
by Neil Saker, IMF Resident Representative in Mongolia
May 10, 2019
-
"Зээлийн хүүгийн дээд хязгаар тогтоохоос илүү сайн сонголт бий" (Gogo)
ОУВС-гийн Монгол дахь Суурин төлөөлөгч Нэйл Сакер
May 3, 2019
-
Finance and Development, March 2018
March 8, 2018
-
Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
-
World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
IMF's Work on Mongolia
-
Mongolia: Public Investment Management Assessment Update
April 24, 2024
Author/Editor:Guohua Huang | Ozlem Aydin
Series:High Level Summary Technical Assistance Report No. 2024/014 -
IMF Executive Board Concludes 2023 Article IV Consultation with Mongolia
October 4, 2023
Growth rebounded to 5.0 percent in 2022 and the external position stabilized as a result of China’s reopening, the government’s determined efforts to boost exports, and private sector financing inflows. After peaking in mid-2022, headline inflation gradually declined to 10.6 percent in June 2023 largely reflecting falling global prices. Core inflation also started to moderate. In light of the improving economic situation, a supplementary budget for 2023, passed in June 2023, introduced large and permanent increases in wages, benefits, and pensions. Strong mining sector activity and the fiscal expansion are expected to help sustain robust growth in 2023.
-
Mongolia: 2023 Article IV Consultation-Press Release; and Staff Report
October 4, 2023
Series:Country Report No. 2023/348
-
How More Effective Monetary Policy Can Tame Inflation in the Caucasus and Central Asia
August 28, 2023
Addressing persistent inflation also requires tackling structural factors that are making monetary policy less effective.
-
Mongolia: Technical Assistance Report-Central Bank Communications
May 26, 2023
Series:Country Report No. 2023/183
Regional Economic Outlook
April 29, 2024
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report