During the Spring Session of IMF Meeting, Mr. Chang Yong Rhee, Director, IMF Asia Pacific Department, comments about the Mongolian economy and briefly evaluates the current progress. He said “Central bank did many reforms. In macro-wise, we expected after the program growth rate will be close to zero or even lower. At this moment, we […]
Here are some comments: Regional Director of World Bank David Dollar: The donor’s meeting was successful. World Bank will support Mongolia with US$ 60 million for overcoming the recession. I believe it will help Mongolia. But we will cooperate with the Mongolian Government in its expenditure. I think that there are many people attending this […]
Press Release No. 09/64 March 6, 2009 Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Mongolia today: “An IMF staff mission and the Mongolian authorities today reached agreement, subject to approval by the IMF Executive Board, on an economic program supported by Fund resources (of US$224 million) […]
Dominique Stross Kan, managing director of IMF, informed that IMF will implement US$224 million program in Mongolia, within the framework of program in stabilizing economy. Today, Nagel Cholk, a senior expert of IMF, Mr. S.Bayartsogt, Minister for Finance, Mr. Erdenesuren.B, an adviser to PM, and Mr. Purevdorj.L, President of Mongolbank and officials of IMF, informed […]
Foreign currency reserve was 1 billion US$ and it is decreased down to 700 million US$. Mr M.Enkhsaikhan, former Prime Minister and Deputy Prime Minister of Mongolia, has his views. Q: You and your party warned about the world economy crisis much before the election. What was the reason of your prediction and why you […]
The International Monetary Fund is planned to close its Resident Representative Office in Mongolia by April 1 2009. Mongolia joined in this fund in February 14 1991. The International Monetary Fund cooperated with Mongolia and implemented many programs. Here is the interview with Mr. Byung Kyoon Jang, IMF Resident Representative in Mongolia.