At the meeting, the sides exchanged views on current conditions of the state budget and banking and finance sector of Mongolia.

The Head of the Cabinet Secretariat noted Mongolia’s involvement in the IMF’s Extended Fund Facility (EFF) program brought accelerated economic growth, improvement in the public budget balance and more investment. He also said the Government of Mongolia endeavours to decrease budget deficits and to diversify the economy by improving budget discipline and reducing expenditures.

Mr. Neil Saker expressed IMF’s satisfaction at Mongolian Government’s successful implementation of the EFF program, highlighting the 2018 State Budget is predicted to show a positive balance.

The parties also shared information about Mongolia’s export policy and economic growth.