Publication:
Mongolia Economic Update, April 2022: Navigating Stronger Headwinds - Fiscal Sustainability of the Mongolian Pension Scheme

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-05-03T20:47:19Z
dc.date.available2022-05-03T20:47:19Z
dc.date.issued2022-04
dc.description.abstractThe report provides recent macroeconomic developments, outlook, and risks that Mongolia faces. The timing of the release of this report is ideal considering that, the Mongolian economy, which was recovering from the COVID-19 on the back of a successful vaccination program and income support, faced new challenges due to tightening of global financing conditions, triggered by a surge in inflation in advanced economies. This development complicates Mongolia’s repayment of its large external debt. Mounting instability and heightened risks call for adjustments in macroeconomic policies. The report also includes a special topic on fiscal sustainability of the Mongolian pension scheme. A series of parametric reforms are recommended to improve the financial sustainability of the current pensions system, which relies heavily on budget subsidy. Produced in collaboration with the SPJ team, this discussion was timely considering a forthcoming pension reform to improve Mongolia’s long-term fiscal sustainability.en
dc.identifierhttp://documents.worldbank.org/curated/en/099217304262220163/IDU075eaf9ad0a3f4040f0099870c4ddc3edcadb
dc.identifier.doi10.1596/37373
dc.identifier.urihttps://hdl.handle.net/10986/37373
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectMONGOLIA ECONOMIC UPDATE
dc.subjectECONOMIC RECOVERY
dc.subjectCOVID-19 ECONOMIC IMPACT
dc.subjectGROWTH DRIVERS 2022
dc.subjectWEAK LABOR MARKET UPDATE
dc.subjectCOVID RESTRICTIONS
dc.subjectSUPPLY SHORTAGES
dc.subjectBORDER DISRUPTIONS
dc.subject2021 MONETARY POLICY
dc.subjectFISCAL POLICY
dc.subjectTRADE DISRUPTION
dc.subjectECONOMIC PERFORMANCE AND PROSPECTS
dc.subjectMONGOLIAN PENSION SCHEME
dc.subjectPENSION INNOVATION
dc.titleMongolia Economic Update, April 2022en
dc.title.subtitleNavigating Stronger Headwinds - Fiscal Sustainability of the Mongolian Pension Schemeen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMongolia Economic Update
okr.date.disclosure2022-04-26
okr.date.doiregistration2025-05-07T10:26:46.302199Z
okr.date.lastmodified2022-04-26T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099217304262220163/IDU075eaf9ad0a3f4040f0099870c4ddc3edcadb
okr.guid099314405182213793
okr.guid099217304262220163
okr.identifier.externaldocumentum33800610
okr.identifier.internaldocumentum33800610
okr.identifier.report170912
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099217304262220163/pdf/IDU075eaf9ad0a3f4040f0099870c4ddc3edcadb.pdfen
okr.region.countryMongolia
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.topicInternational Economics and Trade::Access to Markets
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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