1 IMF WARNS OVER DEBT, DEFICITS IF MONGOLIA SPENDS MINING WINDFALL WWW.BLOOMBERG.COM PUBLISHED:2026/10/12      2 MONGOLIA’S ANNUAL INFLATION RATE REACHES 12.9% IN SEPTEMBER WWW.MONTSAME.MN PUBLISHED:2026/10/12      3 PM URGES COPPER SMELTER ACCELERATION WWW.MONTSAME.MN PUBLISHED:2026/10/12      4 MONGOLIA'S EXPORTS SURPASS USD 16 BILLION IN FIRST NINE MONTHS WWW.MONTSAME.MN PUBLISHED:2026/10/12      5 INFRASTRUCTURE FOR MINING-METALLURGICAL-CHEMICAL COMPLEX REACHES 70 PERCENT COMPLETION WWW.MONTSAME.MN PUBLISHED:2026/10/12      6 MONGOLIA OPENS 127-KILOMETER RAILWAY TO BYPASS CAPITAL WWW.MONTSAME.MN PUBLISHED:2026/10/12      7 MONGOLIA’S FIRST ORGANIC LIVESTOCK FEED PLANT EXPANDS PRODUCTION TENFOLD WWW.MONTSAME.MN PUBLISHED:2026/10/12      8 MONGOLIA 'BB-' LONG-TERM RATING AFFIRMED; OUTLOOK STABLE WWW.MONTSAME.MN PUBLISHED:2026/10/11      9 INSIDE THE LUXURY RESORT MONGOLIA’S FUEL CRISIS NEVER REACHED WWW.INTPOLICYDIGEST.ORG PUBLISHED:2026/10/11      10 WORLD'S MOST EXPENSIVE MONGOLIAN FALCON SELLS FOR RECORD SR1.4 MILLION AT SAUDI AUCTION WWW.GULFNEWS.COM PUBLISHED:2026/10/11      ГАДААДЫН БАНКНЫ ОРОЛЦООГ ДЭМЖИХ ЭРХ ЗҮЙН ОРЧНЫГ БОЛОВСРОНГУЙ БОЛГОНО WWW.GOGO.MN НИЙТЭЛСЭН:2026/10/12     ХӨРӨНГИЙН ЗАХ ЗЭЭЛИЙН ҮНЭЛГЭЭ 17.08 ИХ НАЯД ТӨГРӨГ БОЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/10/12     "ИРЭХ ДОЛОО ХОНОГИЙН ЭХЭН ГЭХЭД ШАТАХУУН БОРЛУУЛЖ БУЙ ШТС-УУД, ГАДААХ ДАРААЛЛЫГ НЬ БОДИТ ЦАГИЙН ГОРИМООР ХАРУУЛДАГ БОЛНО WWW.IKON.MN НИЙТЭЛСЭН:2026/10/12     ХАТАНБААТАРЫН ГЭГДЭЖ БАЙСАН ЭЛЭГ СУДЛАЛЫН ТӨВИЙГ ИРЭХ САРЫН 1-НЭЭС ХҮҮХДИЙН ЭМНЭЛЭГ БОЛГОНО WWW.IKON.MN НИЙТЭЛСЭН:2026/10/12     НӨМРӨГИЙН ДАРХАН ЦААЗАТ ГАЗРЫН 80 ХУВЬ ТҮЙМЭРТ ӨРТЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/10/12     АҮЭБЯ: ЭНЭ САРД ШАТАХУУНЫ ҮНЭ ТОНН ТУТАМДАА 190 АМ.ДОЛЛАРООР НЭМЭГДЭЖ ИРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2026/10/12     ГАЗРЫН ТОС БОЛОВСРУУЛАХ ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТ 60 ХУВЬД ХҮРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/10/12     ЭКСПОРТ 51.2 ХУВИАР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/10/11     БЕНЗИНИЙ ҮНИЙН ӨСӨЛТӨӨС ХАМААРЧ ИНФЛЯЦ 12.9 ХУВЬД ХҮРЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/10/11     Н.УЧРАЛ: БИДНИЙ СОНГОСОН ЗАМ ЗӨВ ГЭДГИЙГ ОЛОН УЛСЫН БАЙГУУЛЛАГУУД БАТАЛЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/10/11    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

IMF: Authorities should improve public financial management www.zgm.mn

The International Monetary Fund (IMF) has announced the completion of the fifth review of the Extended Fund Facility (EFF) and recommended Mongolia to further improve public financial management as Parliament is currently discussing the pre-election year budget. This enables Mongolia to draw 26.2088 million Special Drawing Rights (SDR) equivalent of about USD 36.22 million, bringing total disbursements under the arrangement to SDR 157.2 million (about USD 217.33 million). The fund highlighted, “The combination of strong policy implementation and a supportive external environment has helped the authorities meet all end-September 2018 quantitative targets under the program, with significant over-performance on fiscal targets. Progress has also been made on structural reforms, albeit with some delays.” Following the Executive Board’s discussion of the review, Mr. Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director, said, "The fiscal accounts have posted a primary surplus, reflecting both a sharp increase in revenues and continued expenditure restraint.

Meanwhile, past over-performance allowed the authorities to meet key reserve targets, despite a recent rise in balance of payments pressures. In the financial sector, the focus remains the follow-up to the Asset Quality Review (AQR). Select banks are in the process of booking the results of the AQR and subsequent on-site inspections. They are also now raising the needed capital to address identified shortfalls by the end-December 2018 deadline. The Bank of Mongolia will remain focused on ensuring financial sector stability throughout the process.” On the down side, the IMF noted that Mongolia remains vulnerable to external and domestic shocks, failing to withstand the progresses. The fund suggested that it is crucial to take advantage of the still favorable economic environment to further bolster fiscal and external buffers, strengthen the banking sector, and improve the investment climate. “In addition, the authorities should continue efforts to protect social spending, strengthen tax administration, and improve public financial management. A dedicated implementation of the authorities’ reform program is key to build resilience against shocks and ensure sustainable, inclusive growth,” remarked Mr. Mitsuhiro.



Published Date:2018-11-02