Executive Director of IMF is working in Mongolia

Translator E.Oyun-Erdene GoGo.mn

2019-06-19 16:30 GMT+8

N.Bayartsaikhan, President of Bank of Mongolia, hold meeting with Nigel Ray, Executive Director at International Monetary Fund on June 18, 2019.

N.Bayartsaikhan expressed his gratitude on his visit to Mongolia and stated that Mongolia implemented 6 projects since it joined IMF in 1991 and IMF support to Mongolian economy and social development is huge. He also stated that “Extended Fund Facility” is under implementation successfully.

Bank of Mongolia considers completing the program successfully impacts on further challenges to Mongolian economy, and requested to show support on this. During the meeting, Bank of Mongolia presented “Economic situation of Mongolia, future challenges” and exchanged information about “Extended Fund Facility”.

Nigel Ray highlighted that numeric data shows that “Extended Fund Facility” is effective in Mongolia, and expressed his further support.

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