Mongolia: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 201

Publication date: July 2008

ISBN: 9781451826968

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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.

Banks and Banking , Labor , Money and Monetary Policy , ISCR , CR , savings and credit cooperatives , government , Mongolia , IRR , SCC sector , member complaint , SCC license , wage development , SCC failure , Civil service , Mining sector , Currencies , Public employment , Civil service reform , Eastern Europe , Africa , Central Asia

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Summary

The vast mineral deposits of Mongolia, if properly managed, could make available large budgetary resources, which would help address a wide range of its economic challenges. This report focuses on Mongolia’s selected issues in the mining sector, government employment and wages, and saving and credit cooperatives. The attractiveness of Mongolia’s mining sector has been eroded in recent years with the introduction of the windfall profit tax (WPT). The high wage bill mainly reflects the large size of government employment and the recent rapid real wage increases.