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

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

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English

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Mongolia Quarterly Economic Update, April 2011

2011

AGROVOC Keywords

Bibliographic information