Mongolia's Boom-Bust-Bailout Cycle

The video discusses Mongolia's economic challenges following a contentious election. The IMF is aiding with a $434 million loan amidst falling commodity prices, which have severely impacted Mongolia's economy. The country, heavily reliant on coal and copper exports, has experienced economic booms and busts tied to commodity demand, particularly from China. A significant bailout involving multiple international entities, including China, aims to stabilize the economy. However, concerns remain about Mongolia's ability to maintain fiscal discipline post-bailout, with government debt projected to reach 98% of GDP.

What are the potential risks for Mongolia after the bailout program ends?

Discuss the implications of government debt projected to hit 98% of GDP for Mongolia.