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2025/10/20
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MEETING WITH LEADER OF IMF STAFF TEAM KOSHY MATHAI AND RESIDENT REPRESENTATIVE NEIL SAKER

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2017/08/02 2:15:00
MEETING WITH LEADER OF IMF STAFF TEAM KOSHY MATHAI AND RESIDENT REPRESENTATIVE NEIL SAKER

On August 2, the President of Mongolia Khaltmaagiin Battulga welcomed Koshy Mathai, Leader of the International Monetary Fund’s /IMF/ staff team in Mongolia, and Neil Saker, Resident Representative of the IMF to Mongolia.

They discussed Mongolia’s recent economic situation and projects implemented by the IMF.

Leader of the IMF’s staff team Koshy Mathai made a brief introduction about the agreement between the Government of Mongolia and IMF, and reminded Mongolians not to calm down, it is might be temporary economic growth.

In response, President Battulga noted: “I would like to ask whether the IMF made economic evaluation in Mongolia. The IMF should have gave advice to the Government of Mongolia on producing value added goods, avoiding economic dependence, and enhancing economic cooperation with the third trade partner. I do not regard the increase of coal price in the global stock market as an economic achievement. Because, commodity price rise is temporary, our country will prosper only if we export value added products. Once again, I would like to request the IMF to express its stance on this issue.

Children Money Program is not only welfare expenditure it is a policy of Mongolia to increase its population. The IMF refused commercial banks to regard livestock as credit collateral. Livestock is main asset for our people. The IMF’s financing package of 5.5 billion USD is not too much money for Mongolia, if we lay a solid foundation for stable economy”.

FEATURED

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  • 2025/10/16 3:04:24President of Mongolia Receives Speaker of India’s Lower House Om Birla
  • 2025/10/16 2:52:15Over 150 Enterprises Attend India-Mongolia Business Forum
  • 2025/10/15 3:10:14President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial
  • 2025/10/15 3:06:59President Khurelsukh Ukhnaa Meets President Droupadi Murmu
  • 2025/10/15 11:54:00Mongolia and India Sign Documents for Broader Cooperation
  • 2025/10/15 11:48:14President Khurelsukh Ukhnaa Holds Official Talks with Prime Minister Narendra Modi
  • 2025/10/14 7:16:21Prime Minister of India Welcomes President of Mongolia
  • 2025/10/14 11:55:53Indian External Affairs Minister Pays Courtesy Call on President Khurelsukh
  • 2025/10/13 4:45:31President of Mongolia Arrives in India for State Visit

GALLERY

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received_660411626869651
2025/10/16 3:47:27President of Mongolia Confers State Decorations on Indian Citizens
thumbnail 68f0657c8b4d0
68f0657c8b4d0
2025/10/16 3:04:24President of Mongolia Receives Speaker of India’s Lower House Om Birla
thumbnail 566490196_1331060441795499_6394994217873997481_n
566490196_1331060441795499_6394994217873997481_n
2025/10/16 2:52:15Over 150 Enterprises Attend India-Mongolia Business Forum
thumbnail received_843529181431288
received_843529181431288
2025/10/15 3:10:14President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial
thumbnail received_1092820602840736
received_1092820602840736
2025/10/15 3:06:59President Khurelsukh Ukhnaa Meets President Droupadi Murmu
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