01976cas a2200241 a 4500 AALejournalIMF013206 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475581485 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Mongolia : 2012 Article IV Consultation and Third Post-Program Monitoring. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Mongolia has made impressive progress in developing its economy over the past ten years. Medium-term prospects are promising as mining output is projected to expand by more than 20 percent per annum, on average, over the next five years. However, the prospects for sustained, rapid and inclusive non-mineral growth depend on the implementation of the stability-oriented fiscal framework that has been adopted in the aftermath of the 2008/09 balance of payments (BOP) crisis. This framework was designed to dampen volatility, mitigate risks to economic and financial stability, and strengthen long-term natural resource management. The expansionary fiscal policy of the past year is causing double-digit inflation and BOP pressures. Public spending needs to be reined in, in order not to risk undermining stability and growth prospects, and in view of Mongolia's vulnerability to a downturn in commodities exports. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/320 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/320/002.2012.issue-320-en.xml IMF e-Library