Mongolia Quarterly Economic Update, April 2011

Mongolia's prospects in the medium term look excellent from a growth perspective as well as a fiscal management perspective. Staying the course in the medium term means implementing the landmark Fiscal Stability Law (FSL) passed last year, and...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCESS TO BANK ACCESS TO MARKET ACCOUNTING ADVISORY SERVICES AGRICULTURE ARREARS BALANCE OF PAYMENTS BALANCE SHEET BANK CREDIT BANK DEBT BANK LENDING BANK LOAN BANK RATE BANKING SECTOR BANKING SYSTEM BASIC NEEDS BENCHMARKING BID BIDS BILLS OF EXCHANGE BLACK MARKET BOND BOND ISSUE BOND MARKETS BOND YIELDS BOOM-BUST CYCLE BORROWER BORROWING COSTS BROKERAGE BUDGET DEFICIT BUDGET SHORTFALL BUDGETING CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL MARKETS CASH TRANSFERS CASUAL WORKERS CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK BILLS CENTRAL DEPOSITORY CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CONTINGENT LIABILITIES CREDIT GROWTH CREDIT RATING CREDIT WORTHINESS CURRENCY APPRECIATION CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNTS DEBT DEBT CRISIS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT STRATEGY DIVIDENDS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC MARKET EARNINGS ECONOMIC ACTIVITY ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE RATE EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT COMMODITIES EXPORT GROWTH EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCK FAIR ACCESS FINANCIAL DEEPENING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL OBLIGATIONS FINANCIAL RESOURCES FINANCIAL TRANSACTIONS FISCAL BALANCES FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL LEGISLATION FISCAL POLICIES FISCAL POLICY FISCAL RESOURCES FOOD PRICES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GDP PER CAPITA GOLD GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT POLICY GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT HUMAN RESOURCES IMPORT DUTIES IMPORTS INCOME INCOME TAX INEQUALITY INFLATION INFLATIONARY PRESSURES INFORMAL WORKERS INFORMATION SHARING INFRASTRUCTURE INVESTMENT INPUT PRICES INSTRUMENT INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENTS INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS INVESTMENT PROJECTS INVESTOR EDUCATION JOB OPPORTUNITIES LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR UNIONS LAWS LIQUIDITY LLC LOAN CLASSIFICATION LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL STOCK EXCHANGE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC UNCERTAINTY MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET PRICES MARKET REFORM MONETARY AUTHORITIES MORTGAGE NATURAL RESOURCES NEW COMPANY NOMINAL INTEREST RATES NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OIL PRICES OUTSTANDING LOANS POVERTY REDUCTION PREPAYMENT PREPAYMENTS PRICE INDICES PRIVATE LENDING PRIVATIZATION PROFIT MARGIN PROFITABILITY PROMISSORY NOTES PUBLIC DEBT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RATE OF GROWTH REAL GDP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL SECTOR REGULATORY FRAMEWORK RESERVE RESERVES RETURN SECURITIES SETTLEMENT SHORT-TERM BILLS SHORT-TERM INTEREST RATE SMALL BANKS SOCIAL DEVELOPMENTS SOCIAL INSURANCE FUND SOCIAL SECURITY SOCIAL WELFARE SOLVENCY SOVEREIGN BOND SOVEREIGN BONDS SPECIAL FUNDS STATE BANK STATE PROPERTY STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKET INDEX STOCKS TAX TAX REVENUES TIME DEPOSITS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPORT TUITION TURNOVER UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WARRANTS WEALTH WELFARE STATE YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/403801468273917162/Mongolia-quarterly-economic-update-April-2011 http://hdl.handle.net/10986/27803

id	okr-10986-27803
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO BANK ACCESS TO MARKET ACCOUNTING ADVISORY SERVICES AGRICULTURE ARREARS BALANCE OF PAYMENTS BALANCE SHEET BANK CREDIT BANK DEBT BANK LENDING BANK LOAN BANK RATE BANKING SECTOR BANKING SYSTEM BASIC NEEDS BENCHMARKING BID BIDS BILLS OF EXCHANGE BLACK MARKET BOND BOND ISSUE BOND MARKETS BOND YIELDS BOOM-BUST CYCLE BORROWER BORROWING COSTS BROKERAGE BUDGET DEFICIT BUDGET SHORTFALL BUDGETING CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL MARKETS CASH TRANSFERS CASUAL WORKERS CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK BILLS CENTRAL DEPOSITORY CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CONTINGENT LIABILITIES CREDIT GROWTH CREDIT RATING CREDIT WORTHINESS CURRENCY APPRECIATION CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNTS DEBT DEBT CRISIS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT STRATEGY DIVIDENDS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC MARKET EARNINGS ECONOMIC ACTIVITY ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE RATE EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT COMMODITIES EXPORT GROWTH EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCK FAIR ACCESS FINANCIAL DEEPENING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL OBLIGATIONS FINANCIAL RESOURCES FINANCIAL TRANSACTIONS FISCAL BALANCES FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL LEGISLATION FISCAL POLICIES FISCAL POLICY FISCAL RESOURCES FOOD PRICES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GDP PER CAPITA GOLD GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT POLICY GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT HUMAN RESOURCES IMPORT DUTIES IMPORTS INCOME INCOME TAX INEQUALITY INFLATION INFLATIONARY PRESSURES INFORMAL WORKERS INFORMATION SHARING INFRASTRUCTURE INVESTMENT INPUT PRICES INSTRUMENT INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENTS INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS INVESTMENT PROJECTS INVESTOR EDUCATION JOB OPPORTUNITIES LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR UNIONS LAWS LIQUIDITY LLC LOAN CLASSIFICATION LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL STOCK EXCHANGE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC UNCERTAINTY MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET PRICES MARKET REFORM MONETARY AUTHORITIES MORTGAGE NATURAL RESOURCES NEW COMPANY NOMINAL INTEREST RATES NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OIL PRICES OUTSTANDING LOANS POVERTY REDUCTION PREPAYMENT PREPAYMENTS PRICE INDICES PRIVATE LENDING PRIVATIZATION PROFIT MARGIN PROFITABILITY PROMISSORY NOTES PUBLIC DEBT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RATE OF GROWTH REAL GDP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL SECTOR REGULATORY FRAMEWORK RESERVE RESERVES RETURN SECURITIES SETTLEMENT SHORT-TERM BILLS SHORT-TERM INTEREST RATE SMALL BANKS SOCIAL DEVELOPMENTS SOCIAL INSURANCE FUND SOCIAL SECURITY SOCIAL WELFARE SOLVENCY SOVEREIGN BOND SOVEREIGN BONDS SPECIAL FUNDS STATE BANK STATE PROPERTY STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKET INDEX STOCKS TAX TAX REVENUES TIME DEPOSITS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPORT TUITION TURNOVER UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WARRANTS WEALTH WELFARE STATE YIELD CURVE
spellingShingle	ACCESS TO BANK ACCESS TO MARKET ACCOUNTING ADVISORY SERVICES AGRICULTURE ARREARS BALANCE OF PAYMENTS BALANCE SHEET BANK CREDIT BANK DEBT BANK LENDING BANK LOAN BANK RATE BANKING SECTOR BANKING SYSTEM BASIC NEEDS BENCHMARKING BID BIDS BILLS OF EXCHANGE BLACK MARKET BOND BOND ISSUE BOND MARKETS BOND YIELDS BOOM-BUST CYCLE BORROWER BORROWING COSTS BROKERAGE BUDGET DEFICIT BUDGET SHORTFALL BUDGETING CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL MARKETS CASH TRANSFERS CASUAL WORKERS CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK BILLS CENTRAL DEPOSITORY CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CONTINGENT LIABILITIES CREDIT GROWTH CREDIT RATING CREDIT WORTHINESS CURRENCY APPRECIATION CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNTS DEBT DEBT CRISIS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT STRATEGY DIVIDENDS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC MARKET EARNINGS ECONOMIC ACTIVITY ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE RATE EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT COMMODITIES EXPORT GROWTH EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCK FAIR ACCESS FINANCIAL DEEPENING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL OBLIGATIONS FINANCIAL RESOURCES FINANCIAL TRANSACTIONS FISCAL BALANCES FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL LEGISLATION FISCAL POLICIES FISCAL POLICY FISCAL RESOURCES FOOD PRICES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GDP PER CAPITA GOLD GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT POLICY GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT HUMAN RESOURCES IMPORT DUTIES IMPORTS INCOME INCOME TAX INEQUALITY INFLATION INFLATIONARY PRESSURES INFORMAL WORKERS INFORMATION SHARING INFRASTRUCTURE INVESTMENT INPUT PRICES INSTRUMENT INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENTS INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS INVESTMENT PROJECTS INVESTOR EDUCATION JOB OPPORTUNITIES LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR UNIONS LAWS LIQUIDITY LLC LOAN CLASSIFICATION LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL STOCK EXCHANGE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC UNCERTAINTY MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET PRICES MARKET REFORM MONETARY AUTHORITIES MORTGAGE NATURAL RESOURCES NEW COMPANY NOMINAL INTEREST RATES NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OIL PRICES OUTSTANDING LOANS POVERTY REDUCTION PREPAYMENT PREPAYMENTS PRICE INDICES PRIVATE LENDING PRIVATIZATION PROFIT MARGIN PROFITABILITY PROMISSORY NOTES PUBLIC DEBT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RATE OF GROWTH REAL GDP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL SECTOR REGULATORY FRAMEWORK RESERVE RESERVES RETURN SECURITIES SETTLEMENT SHORT-TERM BILLS SHORT-TERM INTEREST RATE SMALL BANKS SOCIAL DEVELOPMENTS SOCIAL INSURANCE FUND SOCIAL SECURITY SOCIAL WELFARE SOLVENCY SOVEREIGN BOND SOVEREIGN BONDS SPECIAL FUNDS STATE BANK STATE PROPERTY STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKET INDEX STOCKS TAX TAX REVENUES TIME DEPOSITS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPORT TUITION TURNOVER UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WARRANTS WEALTH WELFARE STATE YIELD CURVE World Bank Mongolia Quarterly Economic Update, April 2011
geographic_facet	East Asia and Pacific Mongolia
description	Mongolia's prospects in the medium term look excellent from a growth perspective as well as a fiscal management perspective. Staying the course in the medium term means implementing the landmark Fiscal Stability Law (FSL) passed last year, and adopting a supportive integrated budget law this spring session of parliament. The economy grew 6.1 percent year-on-year (yoy) in 2010, following a contraction of 1.3 percent in 2009. The last quarter of 2010 ended with a broad-based recovery, supported by transportation, construction and wholesale and retail trade. The latest survey conducted in informal labor markets in March 2011 revealed no changes in the total number of casual workers compared to December. Mongolia has promising growth prospects. It has the opportunity now to exercise prudent fiscal and macroeconomic policies so it can steer clear of the mistakes made by other resource rich economies and achieve its potential.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Mongolia Quarterly Economic Update, April 2011
title_short	Mongolia Quarterly Economic Update, April 2011
title_full	Mongolia Quarterly Economic Update, April 2011
title_fullStr	Mongolia Quarterly Economic Update, April 2011
title_full_unstemmed	Mongolia Quarterly Economic Update, April 2011
title_sort	mongolia quarterly economic update, april 2011
publisher	Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/403801468273917162/Mongolia-quarterly-economic-update-April-2011 http://hdl.handle.net/10986/27803
_version_	1764464417350615040
spelling	okr-10986-278032021-04-23T14:04:42Z Mongolia Quarterly Economic Update, April 2011 World Bank ACCESS TO BANK ACCESS TO MARKET ACCOUNTING ADVISORY SERVICES AGRICULTURE ARREARS BALANCE OF PAYMENTS BALANCE SHEET BANK CREDIT BANK DEBT BANK LENDING BANK LOAN BANK RATE BANKING SECTOR BANKING SYSTEM BASIC NEEDS BENCHMARKING BID BIDS BILLS OF EXCHANGE BLACK MARKET BOND BOND ISSUE BOND MARKETS BOND YIELDS BOOM-BUST CYCLE BORROWER BORROWING COSTS BROKERAGE BUDGET DEFICIT BUDGET SHORTFALL BUDGETING CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL MARKETS CASH TRANSFERS CASUAL WORKERS CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK BILLS CENTRAL DEPOSITORY CLEARING HOUSE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CONTINGENT LIABILITIES CREDIT GROWTH CREDIT RATING CREDIT WORTHINESS CURRENCY APPRECIATION CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNTS DEBT DEBT CRISIS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT STRATEGY DIVIDENDS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC MARKET EARNINGS ECONOMIC ACTIVITY ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTLOOK EMPLOYMENT EMPLOYMENT OPPORTUNITIES EQUIPMENT EXCHANGE RATE EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT COMMODITIES EXPORT GROWTH EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCK FAIR ACCESS FINANCIAL DEEPENING FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL OBLIGATIONS FINANCIAL RESOURCES FINANCIAL TRANSACTIONS FISCAL BALANCES FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL LEGISLATION FISCAL POLICIES FISCAL POLICY FISCAL RESOURCES FOOD PRICES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GDP PER CAPITA GOLD GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT POLICY GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOUSEHOLDS HOUSING HUMAN DEVELOPMENT HUMAN RESOURCES IMPORT DUTIES IMPORTS INCOME INCOME TAX INEQUALITY INFLATION INFLATIONARY PRESSURES INFORMAL WORKERS INFORMATION SHARING INFRASTRUCTURE INVESTMENT INPUT PRICES INSTRUMENT INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENTS INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT BANKS INVESTMENT PROJECTS INVESTOR EDUCATION JOB OPPORTUNITIES LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR UNIONS LAWS LIQUIDITY LLC LOAN CLASSIFICATION LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL STOCK EXCHANGE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC UNCERTAINTY MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET PRICES MARKET REFORM MONETARY AUTHORITIES MORTGAGE NATURAL RESOURCES NEW COMPANY NOMINAL INTEREST RATES NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OIL PRICES OUTSTANDING LOANS POVERTY REDUCTION PREPAYMENT PREPAYMENTS PRICE INDICES PRIVATE LENDING PRIVATIZATION PROFIT MARGIN PROFITABILITY PROMISSORY NOTES PUBLIC DEBT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RATE OF GROWTH REAL GDP REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL SECTOR REGULATORY FRAMEWORK RESERVE RESERVES RETURN SECURITIES SETTLEMENT SHORT-TERM BILLS SHORT-TERM INTEREST RATE SMALL BANKS SOCIAL DEVELOPMENTS SOCIAL INSURANCE FUND SOCIAL SECURITY SOCIAL WELFARE SOLVENCY SOVEREIGN BOND SOVEREIGN BONDS SPECIAL FUNDS STATE BANK STATE PROPERTY STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKET INDEX STOCKS TAX TAX REVENUES TIME DEPOSITS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPORT TUITION TURNOVER UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WARRANTS WEALTH WELFARE STATE YIELD CURVE Mongolia's prospects in the medium term look excellent from a growth perspective as well as a fiscal management perspective. Staying the course in the medium term means implementing the landmark Fiscal Stability Law (FSL) passed last year, and adopting a supportive integrated budget law this spring session of parliament. The economy grew 6.1 percent year-on-year (yoy) in 2010, following a contraction of 1.3 percent in 2009. The last quarter of 2010 ended with a broad-based recovery, supported by transportation, construction and wholesale and retail trade. The latest survey conducted in informal labor markets in March 2011 revealed no changes in the total number of casual workers compared to December. Mongolia has promising growth prospects. It has the opportunity now to exercise prudent fiscal and macroeconomic policies so it can steer clear of the mistakes made by other resource rich economies and achieve its potential. 2017-08-14T20:50:49Z 2017-08-14T20:50:49Z 2011-04 Report http://documents.worldbank.org/curated/en/403801468273917162/Mongolia-quarterly-economic-update-April-2011 http://hdl.handle.net/10986/27803 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Mongolia

Mongolia Quarterly Economic Update, April 2011

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