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Mongolia: Joint IMF/World Bank Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries

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  • International Monetary Fund

Abstract

This paper focuses on the increase in the external debt stock that reflects donor financing, including IMF and Bank lending to help Mongolia smooth its fiscal adjustment path after the major terms of trade shock. The fiscal deficit is expected to steadily decline until revenues from the Oyu Tolgoi mine enter the budget. Since the World Bank’s 2008 Debt Management Performance Assessment (DeMPA), Mongolia has improved debt management procedures and has prepared a medium-term debt management strategy.

Suggested Citation

  • International Monetary Fund, 2010. "Mongolia: Joint IMF/World Bank Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries," IMF Staff Country Reports 2010/166, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/166
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23945
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    Cited by:

    1. Amartuvshin, Amarjargal & Chen, Jiquan & John, Ranjeet & Zhang, Yaoqi & Lkhagvaa, Dansranbavuu, 2021. "How does mining policy affect rural migration of Mongolia?," Land Use Policy, Elsevier, vol. 107(C).
    2. Ms. Sandra Marcelino & Ms. Ivetta Hakobyan, 2014. "Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth," IMF Working Papers 2014/230, International Monetary Fund.

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