According to International Monetary Fund (IMF), Mongolia’s economy will recover from the downturn from next year. It is associated with the Oyu Tolgoi mining project said the IMF representative. “Mongolia will experience low and stable inflation rate in the coming year and we have reached understandings on a broad range of macroeconomic policies and will continue discussions on some pending structural issues” IMF stated. IMF representatives visited Mongolia from October 28 to November 10 and mission was led by Steven Barnett.
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