1 TMK DRILLS FINAL MONGOLIAN PILOT HOLE AMID DEVELOPMENT PARTNERSHIP TALKS WWW.THEWEST.COM.AU PUBLISHED:2025/06/30      2 PM PLANS TO CUT BUDGET BY 2 TRILLION MNT WWW.GOGO.MN PUBLISHED:2025/06/30      3 THE MONGOLZ ANNOUNCE ACADEMY ROSTER / MONGOLIAN PASSION FOR COUNTER-STRIKE / WHY ARE MORE TEAMS INVESTING MORE IN ACADEMY ROSTERS? WWW.ESPORTS-NEWS.CO.UK  PUBLISHED:2025/06/30      4 FIBA 3X3 WORLD CUP 2025: SPAIN AND THE NETHERLANDS CROWNED MEN'S AND WOMEN'S CHAMPIONS WWW.OLYMPICS.COM PUBLISHED:2025/06/30      5 FIRST POLITICAL CONSULTATIONS BETWEEN THE MINISTRIES OF FOREIGN AFFAIRS OF MONGOLIA AND THE KINGDOM OF BELGIUM TAKES PLACE IN BRUSSELS WWW.MONTSAME.MN PUBLISHED:2025/06/30      6 OPINION: BEYOND THE STEPPE AND THE OASIS – UZBEKISTAN AND MONGOLIA FORGE A NEW EURASIAN AXIS WWW.TIMESCA.COM PUBLISHED:2025/06/30      7 SOUTHGOBI RESOURCES' AGM APPROVAL SIGNALS GOVERNANCE STRENGTH AND STRATEGIC CLARITY AMID DEBT DEFERRAL WWW.AINVEST.COM PUBLISHED:2025/06/30      8 MONGOLIA: STAFF CONCLUDING STATEMENT OF THE 2025 ARTICLE IV MISSION WWW.IMF.ORG PUBLISHED:2025/06/29      9 MONGOLIA UPSET USA AT FIBA 3X3 WORLD CUP 2025 QUARTER-FINALS WWW.FIBA.BASKETBALL  PUBLISHED:2025/06/29      10 KYRGYZSTAN, MONGOLIA ENHANCE BILATERAL COOPERATION WWW.XINHUANET.COM PUBLISHED:2025/06/29      Г.ЗАНДАНШАТАР: УУЛ УУРХАЙН ЛИЦЕНЗИЙГ ШАМШИГДУУЛЖ АВСАН НИЙТИЙН АЛБАН ТУШААЛТАНД ХАРИУЦЛАГА ТООЦНО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/30     С.БАДРАЛ: ШИЙДВЭР ГАРГАГЧИД AI НЭРИЙН ДОРХ ШОУГАА ЗОГСООЖ, ХИЙМЭЛ ОЮУНЫ СТРАТЕГИЭ БАТЛАХ ХЭРЭГТЭЙ WWW.GOGO.MN НИЙТЭЛСЭН:2025/06/30     THE MONGOLZ АКАДЕМИЙНХАА БҮРЭЛДЭХҮҮНИЙГ ЗАРЛАЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/30     Д.АМАРБАЯСГАЛАН: УИХ ХҮНИЙ ЭРХИЙГ ДЭЭДЭЛСЭН, ХҮН ТӨВТЭЙ ХУУЛЬ, ЭРХ ЗҮЙН ОРЧНЫГ БҮРДҮҮЛЭХЭЭР АЖИЛЛАЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/30     СҮҮЛИЙН ТАВ ХОНОГТ 22 УДААГИЙН ОЙ, ХЭЭРИЙН ТҮЙМЭР БҮРТГЭГДСНЭЭС 12 ТҮЙМРИЙГ БҮРЭН УНТРААЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/30     ТАРИАЛАЛТ 74 ХУВЬТАЙ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/30     ЗАЙСАНГИЙН ШИНЭ ГҮҮРНИЙ ХӨДӨЛГӨӨНИЙГ НЭЭЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/30     19 САЯ ТӨЛ ХҮЛЭЭН АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/29     “БАРУУН-УРТ-БИЧИГТ” ЧИГЛЭЛИЙН АВТО ЗАМЫН 152 КМ ХАТУУ ХУЧИЛТТАЙ АВТО ЗАМЫН БАРИЛГЫН АЖИЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/29     ОЙ ХЭЭРИЙН 4 ТҮЙМРИЙГ УНТРААЖ, 6 ТҮЙМРИЙГ ЦУРАМД ОРУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/29    

Mongolia’s mineral exports dependence may curtail economic growth www.zgm.mn

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mongolia, highlighting the country’s vulnerability to external shocks given its high debt levels and the economy’s dependence on mineral exports. Collapses to mineral demand can lead to a sharp fall in exports, weakening growth outlook and fiscal accounts, said the IMF in the report.

Mongolia’s economy has recovered vigorously from the recent downturn. Economic growth accelerated to 8.6 percent in the first quarter of 2019, after recording its first fiscal surplus in 2018, and gross international reserves increasing by USD 2.5 billion since 2016. The recovery stems from a stronger policy framework, significant official financing and a rebound in external demand.

Directors of the IMF encouraged the Bank of Mongolia (BoM) to continue to build reserves and do so through direct purchases and limit sales of foreign exchange to address disorderly market conditions. They also highlighted that financial sector reforms, including enhancing risk-based supervision and increasing bank capital are key to ensuring macroeconomic stability.

According to the IMF assessment, structural reforms should focus on strengthening governance and diversifying the economy. Furthermore, the authorities should improve infrastructure, enhance the legal framework and the investment environment, reduce environmental degradation, and make the agriculture sector more resilient to climate change.

Foreign direct investment (FDI) is expected to be strong, and improving current accounts spur reserves accumulation, said the IMF report. However, the trend is likely to slow down from 2021 due to domestic policy.

The IMF expected Mongolia’s economic growth to remain above 6.5 percent in 2019 and moderate to around 5 percent over the medium term. The primary headwinds are weaker export and growth. Partially balancing these headwinds, fiscal policy is expected to loosen in 2019 and 2020 relative to the 6 percent primary surplus seen in 2018.



Published Date:2019-09-19