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by World Bank

eBook Mongolia Economic Retrospective 2008-2010 (World Bank Studies) download ISBN: 0821385402
Author: World Bank
Publisher: World Bank Publications (October 12, 2010)
Language: English
Pages: 60
ePub: 1280 kb
Fb2: 1303 kb
Rating: 4.5
Other formats: lit lrf txt docx
Category: Work and Money
Subcategory: Economics

Mongolia Economic Retrospective 2008-2010. This item appears in the following Collection(s).

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Mongolia Economic Retrospective, 2008-2010. Mongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. This Economic Retrospective highlights the key economic, financial and policy developments in the country during the crisis and recovery over 2008 to 2010

Mongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. This Economic Retrospective highlights the key economic, financial and policy developments in the country during the crisis and recovery over 2008 to 2010.

1234 13 12 11 10. World Bank Studies are published to communicate the results of the Bank’s work to the development community with the least possible delay.

It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

Mongolia Economic Retrospective, 2008-2010 : 2008-2010

Mongolia Economic Retrospective, 2008-2010 : 2008-2010.

Find nearly any book by World Bank (page 14). Get the best deal by comparing prices from over 100,000 booksellers. Trade Expansion through Market Connection: The Central Asian Markets of Kazakhstan, Kyrgyz Republic, and Tajikistan (World Bank Studies). by World Bank, Souleymane Coulibaly. ISBN 9780821387887 (978-0-8213-8788-7) Softcover, World Bank Publications, 2011.

ii World Investment Prospects Survey 2008-2010. As the focal point in the United Nations system for investment and technology, and building on 30 years of experience in these areas, UNCTAD, through DIAE, promotes understanding of key issues, particularly matters related to foreign direct investment. The material contained in this study may be freely quoted with appropriate acknowledgement.

Some rights reserved This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The maps were produced by the Map Design Unit of The World Bank.

Contact information of The World Bank. 2527 Mongolia Economic Retrospective 2008-2010 by World Bank. 2524 What Can We Learn from Nutrition Impact Evaluations?

Contact information of The World Bank. Postal: 1818 H Street, . Washington, DC 20433.

Mongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. This Economic Retrospective highlights the key economic, financial and policy developments in the country during the crisis and recovery over 2008 to 2010. In particular, it offers a closer look at the weaknesses in the economic structure and policy environment that lay at the heart of downturn, and which amplified the external shock due to the collapse in global commodity prices from mid-2008. The Retrospective offers valuable insights into how an inappropriate policy mix can culminate in macroeconomic instability. In Mongolia’s case, a combination of expansive fiscal and monetary policy during the boom years, a de facto peg to the US dollar, and an overheating financial sector triggered a loss of confidence in the banking sector, large reserve losses and deposit flight, and caused a large fiscal and balance of payments shock that necessitated assistance by the IMF and other donors. Although the economy has rebounded since the end of 2009 and the successful negotiation of the Oyu Tolgoi (OT) mining project has helped transform the medium to long-term outlook, there remain sizeable policy challenges. In particular, the looming mining boom brings the risks of “Dutch disease” effects and a return to the profligate populism of the past. In the near term significant fiscal financing risks remain until revenues from OT are realized. In particular, this Retrospective discusses the need for continued fiscal consolidation and how the adoption of the planned fiscal stability law should help manage the upcoming mining boom. Meanwhile, ongoing solvency problems in the banking sector need to be resolved quickly and transparently to prepare the sector for the upturn in economic activity.