Mongolia Reaches Agreement With IMF

The video discusses Mongolia's $440 million loan package as part of a larger bailout deal to aid in debt repayments. The IMF mission chief forecasts positive economic growth for Mongolia, driven by mining projects and oil output. The focus is on strengthening fiscal, monetary, and banking policies, including an asset quality review. The aim is to end the boom-bust cycle and achieve economic stability through institutional reforms. The government has implemented measures for fiscal discipline, including a new DBM law and budget control strategies.

What is the expected economic growth rate for Mongolia by 2019 according to the IMF?

• 12%

• 5%

• 8%

• 10%

Which sector is NOT one of the three main focuses of the IMF's recommendations for Mongolia?

• Banking system

• Fiscal policies

• Monetary policy

• Tourism industry

What process does the IMF suggest Mongolia should launch to address banking sector issues?

• Asset quality review

• Interest rate adjustment

• Currency devaluation

• Tax reform

What law did the Mongolian government pass to enhance economic stability?

• Banking regulation law

• Taxation law

• DBM law

• Trade agreement law

What is the main goal of the Mongolian government's economic reforms?

• Increase tourism

• Achieve stable economic growth

• Expand the agricultural sector

• Reduce foreign investment