Mongolia: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper Progress Report

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 406

Publication date: November 2005

ISBN: 9781451826906

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Policy - Social Services and Welfare , Poverty and Homelessness , ISCR , CR , EGSPRS Progress Report , State budget document , government decision-making , EGSPRS process , government transparency , government system , recognition of the role , tax regime , government information , government effectiveness , prudent approach , Poverty reduction strategy , Budget planning and preparation , Infrastructure , Global

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Summary

This Joint Staff Advisory Note reviews the Poverty Reduction Strategy Paper Progress Report for Mongolia. Recent economic developments have been broadly favorable. Real GDP growth exceeded 10.5 percent in 2004 and is expected to remain robust, at about 5.5 percent in 2005, with a recovery in livestock production and strong activity in the mining sector serving as the main drivers of growth. Fiscal performance has strengthened markedly, with the overall deficit narrowing to about 2 percent of GDP in 2004—the lowest level since the start of the transition in the early 1990s.