Government to hold talks with the IMF on wage and pension increases

The American Chamber of Commerce in Mongolia

2018-07-25 15:56 GMT+8

Starting on July 25, an International Monetary Fund (IMF) delegation will be in Mongolia to review the implementation of Mongolia’s extended fund facility (EFF) program enrollment. Ministry of Finance Ch.Khurelbaatar stated, “The economy has been recovering from its slowdown, so the EFF program will be maintained.

During the meeting with the IMF representatives, discussions on raising the minimum wage and pension levels will be prioritized.” He added that Mongolia's economic growth stood at 6.1 percent and that the state's consolidated budget saw a surplus in the first half of 2018. The Ministry of Finance reports that it completed 70 percent of its debt repayment scheduled for 2018 at the end of June.


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