The above issue was touched upon during a meeting between N.Bayartsaikhan, Governor of the Bank of Mongolia and Christine Lagarde, IMG Managing Director, on the sidelines of Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) held in Washington, DC, the USA on October 9-15.

During his meeting with the IMF Managing Director, the Mongol Bank Governor reiterated Mongolia’s commitment to implementation of the Extended Fund Facility program and handed over a formal letter from Prime Minister U.Khurelsukh.

Managing Director Christine Lagarde appreciated a progress of the Mongolian economic growth and successful implementation of actions within programs thanks to consistent efforts of the Government of Mongolia. She informed that an IMF team will visit Mongolia end of this month to review the program's realization.

Mongolian delegation led by the Governor and B.Nyamaa, State Secretary of the Ministry of Finance participated in the Annual Meetings and met several officials including the IMG Managing Director, Victoria Kwakwa, WB Vice President for the East Asia and Pacific, representatives of the State Department and the Millennium Challenge Corporation of the US and others.

The sides exchanged views on Mongolia’s current economic and social situation, the progress of IMF’s Extended Fund Facility program, future policy measures and cooperation.

During the Annual Meetings, the Mongolian delegates also met with authorities of the Moody’s Corporation and Fitch Ratings Inc.