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BeitragVerfasst am: 24.05.2018, 08:32    Titel: Matthias Farley Jersey Antworten mit Zitat
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ULAN BATOR, June 6 (Xinhua) -- Mongolian Foreign Minister Tsend Munkh-Orgil said on Monday that Mongolia would be able to implement the structural reforms it has agreed to undergo with the International Monetary Fund (IMF), according to Nikkei Asian Review website.


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The resource-rich country has benefited from a commodities boom over the last 15 years or so. But a subsequent commodity price slump, investment outflows and slowing demand in key export markets have hit Mongolia's economy hard.


Last month, the IMF approved a three-year, 434-million-U.S. dollar loan for Mongolia as part of a wider 5.5 billion-dollar aid package which is also supported by Japan Womens Joey Bosa Jersey , South Korea, China, the Asian Development Bank and the World Bank.


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The government is trying to respond through fiscal consolidation Authentic Melvin Ingram Jersey , and by bringing the budget under control, the minister said.


Mongolia aims to reduce the budget deficit, currently equivalent to 17 percent of the gross domestic product (GDP), to 10.2 percent by the end of this year. It aims to have a budget deficit equal to around 2 percent of the GDP by 2022.


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