Publication:
Mongolia Economic Retrospective 2008-2010

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T09:35:46Z
dc.date.available2012-03-19T09:35:46Z
dc.date.issued2010
dc.description.abstractMongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. With the recovery in economic activity currently well underway, but the policy challenges highlighted by the crisis yet to be fully addressed, this economic retrospective examines the key economic, financial, and policy developments from mid 2008 to April 2010. Collapsing mineral prices and a steep drop in external demand due to the global downturn of 2008 and 2009 were the external shocks which were transmitted to Mongolia's economy. This shock exposed underlying weaknesses in the economic structure and policy environment. More generally, now is the time to put in place a strong policy framework to manage the upcoming mining boom and avoid the mistakes of the past. The looming mining boom brings the risks of "Dutch disease" effects and a return to the profligate populism of the past. Measures to address these risks include the recently adopted fiscal stability law that will help the country move away from the fiscal boom and bust cycles of the past; improvements to the budget process and the planning and management of public investments in order to more efficiently absorb the large projected increases in revenues; and appropriate policy frameworks to support future infrastructure investment. Implementing a targeted poverty benefit should also ensure the poor are protected from mining boom and busts in a fiscally sustainable manner. Finally, continued reforms in the mining sector will enhance incentives for new exploration and environmentally and socially sustainable development.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20101116040000
dc.identifier.doi10.1596/978-0-8213-8540-1
dc.identifier.isbn978-0-8213-8540-1
dc.identifier.urihttps://hdl.handle.net/10986/2527
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Study
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTING
dc.subjectADB
dc.subjectAMORTIZATION
dc.subjectARREARS
dc.subjectASSET MARKETS
dc.subjectASSET QUALITY
dc.subjectAUCTION
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBAILOUT
dc.subjectBALANCE DUE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK ASSET
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK FAILURE
dc.subjectBANK RESTRUCTURING
dc.subjectBANK SUPERVISION
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBID
dc.subjectBLACK MARKET
dc.subjectBOND ISSUANCE
dc.subjectBOND SPREADS
dc.subjectBOND YIELDS
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectBUDGET DEFICIT
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANK BILLS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL TERMS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INDICES
dc.subjectCONTINGENT LIABILITIES
dc.subjectCREDIT BOOM
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RISK
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT ACCOUNTS
dc.subjectCURRENT EXPENDITURES
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEPOSIT
dc.subjectDEPOSIT GUARANTEES
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDISCRIMINATION
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC CURRENCY
dc.subjectDONOR FUNDING
dc.subjectDONOR RESOURCES
dc.subjectEARNINGS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC POLICY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET BOND
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectEQUIPMENT
dc.subjectESCROW
dc.subjectESCROW ACCOUNT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT SHARES
dc.subjectEXPORTERS
dc.subjectEXTERNAL SHOCK
dc.subjectEXTERNAL SHOCKS
dc.subjectFAMILIES
dc.subjectFINANCIAL ACCOUNT
dc.subjectFINANCIAL ASSET
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL SECTOR POLICIES
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL BALANCE
dc.subjectFISCAL BALANCES
dc.subjectFISCAL BURDEN
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL GAPS
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN FINANCING
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectHOUSEHOLDS
dc.subjectHUSBANDS
dc.subjectINCOME TAX
dc.subjectINCOME-GENERATING ACTIVITIES
dc.subjectINDIVIDUAL CREDITORS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMAL WORKERS
dc.subjectINFRASTRUCTURE CONCESSIONS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT SPENDING
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectLENDING POLICIES
dc.subjectLENDING PORTFOLIOS
dc.subjectLEVEL OF INFLATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CRISIS
dc.subjectLLC
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN QUALITY
dc.subjectLOAN SIZE
dc.subjectLOAN STOCK
dc.subjectLOCAL BUSINESSES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC DATA
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DETERMINATION
dc.subjectMARKET ECONOMY
dc.subjectMIGRATION
dc.subjectMINIMUM WAGE
dc.subjectMONETARY POLICY
dc.subjectMORTGAGES
dc.subjectNET WORTH
dc.subjectNOMINAL INTEREST RATES
dc.subjectNONPERFORMING LOAN
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOPERATING COSTS
dc.subjectOUTSTANDING LOANS
dc.subjectOUTSTANDING STOCK
dc.subjectPEG
dc.subjectPENSION
dc.subjectPENSIONS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY RESPONSE
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPREPAYMENT
dc.subjectPROFITABILITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectREAL ESTATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectRECEIPT
dc.subjectRECEIPTS
dc.subjectREDEMPTION
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSCHOLARSHIPS
dc.subjectSECTOR REFORMS
dc.subjectSELF FINANCE
dc.subjectSHAREHOLDER
dc.subjectSMALL BUSINESSES
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectSOLVENCY
dc.subjectSOVEREIGN BOND
dc.subjectSTATE BANK
dc.subjectSUBSIDIARY
dc.subjectSURPLUS
dc.subjectTAX
dc.subjectTAX CREDIT
dc.subjectTAX REGIME
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIME DEPOSITS
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRADING PARTNER
dc.subjectTRANCHE
dc.subjectTRANCHES
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREATY
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectUSER FEES
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.titleMongolia Economic Retrospective 2008-2010en
dspace.entity.typePublication
okr.date.disclosure2010-11-16
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20101116040000
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid836891468275678347
okr.guid178051468323107060
okr.identifier.doi10.1596/978-0-8213-8540-1
okr.identifier.externaldocumentum000334955_20101116040000
okr.identifier.internaldocumentum13090826
okr.identifier.report57878
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/11/16/000334955_20101116040000/Rendered/PDF/578780PUB0Mong101public10BOX353783B.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.region.geographicalEast Asia
okr.region.geographicalAsia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitPREM Sector Department (EASPR)
okr.volume1of 1
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