Mongolia Quarterly Economic Update, April 2011

World Bank

Mongolia Quarterly Economic Update, April 2011

2011

World Bank

Mongolia's prospects in the medium term look excellent from a growth perspective as well as a fiscal management perspective. Staying the course in the medium term means implementing the landmark Fiscal Stability Law (FSL) passed last year, and adopting a supportive integrated budget law this spring session of parliament. The economy grew 6.1 percent year-on-year (yoy) in 2010, following a contraction of 1.3 percent in 2009. The last quarter of 2010 ended with a broad-based recovery, supported by transportation, construction and wholesale and retail trade. The latest survey conducted in informal labor markets in March 2011 revealed no changes in the total number of casual workers compared to December. Mongolia has promising growth prospects. It has the opportunity now to exercise prudent fiscal and macroeconomic policies so it can steer clear of the mistakes made by other resource rich economies and achieve its potential.

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AGROVOC Keywords

accounting advisory services agriculture balance of payments basic needs bid cash transfers commercial banks debt development strategy economic growth employment equipment exchange rate expenditure exports external debt fiscal policies food prices gold gross domestic product households housing human resources imports income income tax inflation instrument interest rates investment banks laws liquidity local government market prices natural resources poverty reduction price indices privatization profitability public debt public investment social security social welfare state property stock exchange stock market stocks transport unemployment wages

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Other Subjects

Warrants; International investors; Deposit insurance; Government policy; Domestic credit; External shock; Profit margin; Reserves; Central bank; Foreign direct investment; New company; Trade balance; Government spending; International reserves; Stock market index; Loan classification; Budget deficit; Bills of exchange; Yield curve; Debt crisis; Budgeting; Interest rate; Bank loan; Mortgage; Employment opportunities; Nominal interest rates; Consolidation; Tax revenues; Brokerage; Capital adequacy; Return; Settlement; Regulatory framework; Contingent liabilities; Non-performing loans; Real interest rate; Real sector; Current account; Borrowing costs; Public sector debt; Special funds; Prepayment; Bids; Fiscal legislation; Depositors; Central bank bill; Fiscal resources; Real interest rates; Labor markets; Short-term bills; Real gdp; Local stock exchange; Social insurance fund; Balance sheet; Casual workers; Informal workers; Current accounts; Budget shortfall; Investor education; Consumer price index; Foreign currency; Government expenditures; Welfare state; Oil prices; Bank credit; Trade deficit; Human development; Solvency; Foreign investors; Import duties; Turnover; Sovereign bonds; Economic outlook; Inflationary pressures; Stock exchanges; Government budget; Investment projects; Foreign exchange reserves; Labor unions; Access to bank; Monetary authorities; Inequality; Economic expansion; Credit worthiness; Stock market capitalization; Social developments; Macroeconomic management; Central depository; Earnings; Fiscal deficit; Fiscal policy; Market capitalization; Securities; Financial obligations; Financial markets; Credit growth; Labor force survey; Market reform; State bank; Commodity prices; Financial intermediaries; Competitiveness; Clearing house; Financial resources; Outstanding loans; Promissory notes; Non-performing loan; Short-term interest rate; Government guarantees; Banking sector; Total revenue; Current account deficit; Fair access; Capital expenditures; Llc; Bond; Black market; Npl; Private lending; Reserve; Domestic currency; Economic activity; Deposit; Excise taxes; Central bank bills; Credit rating; Time deposits; Gdp; Commercial bank; Domestic borrowing; Rate of growth; Access to market; Macroeconomic policies; Domestic market; Domestic bond; Banking system; Arrears; Labor market; Financial transactions; Tuition; Dividends; Financial deepening; Capital markets; Currency appreciation; Sovereign bond; Information sharing; Bond yields; International standards; Foreign exchange; Input prices; Unemployment rate; Bank debt; Benchmarking; Local currency; Fiscal balances; Real interest; Wealth; Borrower; Local governments; Infrastructure investment; Boom-bust cycle; Export growth; Bank rate; Trading; Gdp per capita; External borrowing; Bond markets; Bank lending; International developments; Foreign currency deposits; Job opportunities; Fiscal decentralization; Small banks; Bond issue; Expenditures; Prepayments; Domestic bond market; Market infrastructure; Tax; Deposits; Macroeconomic uncertainty; Export commodities

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English

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Mongolia Quarterly Economic Update, April 2011

2011

AGROVOC Keywords

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