Mongolia Reaches Agreement With IMF

Mongolia Reaches Agreement With IMF

Assessment

Interactive Video

Business, Social Studies

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the forecasted economic growth rate for Mongolia by 2019?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the three sectors that the government is focusing on to improve Mongolia's economy?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of the Bank of Mongolia in addressing banking sector issues?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it challenging for Mongolia to maintain stable economic growth?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures has the government taken to ensure disciplined fiscal implementation?

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