Central bank governor meets delegates of international financial organizations

2019-09-18 16:01:05

Ulaanbaatar/MONTSAME/. Governor of the Bank of Mongolia N.Bayartsaikhan received delegates headed by Vice President and Treasurer of the World Bank Mr. Jingdong Hua and  Vice President for Asia and Pacific, IFC, Ms.Nena Stoiljkovic on September 16.

During the meeting, the sides exchanged views on cooperation between the Bank of Mongolia and World Bank, present economic situation of the country, future outlook, and progress of reserves advisory and management program (RAMP) and Extended Fund Facility (EFF) being implemented by Mongolia with the IMF.

Governor N.Bayartsaikhan noted that the implementation of the EFF brings positive outcomes such as improvements in fiscal discipline, fulfillment of monetary policy objectives and recovery of economy. Underlining an importance of continuing EFF implementation in the country, the governor exchanged views on the EFF and other related matters with the delegates.