Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
IMF says Mongolia economy is recovering, showing 'durable' growth www.reuters.com
ULAANBAATAR, Dec 20 (Reuters) - Mongolia’s economy is outpacing growth expectations this year despite budget cuts as the coal trade has been strong even as exports slowed in the second half, an International Monetary Fund official said.
Growth has proved “more durable than anticipated”, IMF Resident Representative Neil Saker told Reuters.
In 2016, Mongolia was hit by an economic crisis due to government overspending and declining revenue from commodity exports. Saker said the country is now headed toward recovery.
The IMF has raised its 2017 growth projection for Mongolia to 3.3 percent from 2.0 percent.
The Fund has dispersed $79.1 million from a $5.5 billion bailout fund to relieve the Northeast Asian country’s debt burden and stabilise the local currency.
Published Date:2017-12-20
