Mongolia : Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement
ISBN: 9781455284535
Platform/Publisher: Ebook Central / International Monetary Fund
Digital rights: Users: Unlimited; Printing: Limited; Download: 7 Days at a Time
Subjects: Economics; Business/ Management;

To help economic adjustment in the midst of the global economic crisis, an 18-month Stand-By Arrangement (SBA) was supported by IMF resources. The cause of Mongolia's crisis in 2008-09 and its resolution and design and outcomes of the program are also discussed. The trigger for Mongolia's crisis was the collapse in the prices of its commodity exports--copper in particular. The program was concluded, having averted a full-blown crisis, and laid the foundation for further strengthening of the macroeconomic and financial policy framework.


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