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2025/09/05
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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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  • 2025/09/03 2:33:25Mongolia-China-Russia Leaders Convene for 7th Trilateral Meeting in Beijing
  • 2025/09/03 2:30:29Mongolia, China Agrees on Expanding Cooperation in Multiple Fields
  • 2025/09/02 10:38:54Khurelsukh at SCO: “Mongolia Is Ready to Contribute to Regional Integration”
  • 2025/09/01 9:54:07President of Mongolia U. Khurelsukh Received by President of China Xi Jinping
  • 2025/09/01 9:50:11President of Mongolia Arrives in Tianjin for SCO Tianjin Summit 2025
  • 2025/08/28 4:26:08Governor-General of the Commonwealth of Australia the Honourable Samantha Mostyn to Pay a State Visit to Mongolia
  • 2025/07/26 3:00:59President of Mongolia U.Khurelsukh Concludes State Visit to the Republic of Tajikistan
  • 2025/07/26 12:22:02President Khurelsukh visits Rogun Hydropower Plant Construction Site
  • 2025/07/25 5:17:31Courtesy Call from Idizoda Faizali, Chairman of the Majlisi Namoyandagon of the Republic of Tajikistan

GALLERY

thumbnail received_1460020275239847
received_1460020275239847
2025/09/03 2:39:11President of Mongolia Lays Wreath at the Memorial Complex in Janchkhuu
thumbnail received_763184589756083
received_763184589756083
2025/09/03 2:33:25Mongolia-China-Russia Leaders Convene for 7th Trilateral Meeting in Beijing
thumbnail received_1061367876161760
received_1061367876161760
2025/09/03 2:30:29Mongolia, China Agrees on Expanding Cooperation in Multiple Fields
thumbnail received_787998147491349
received_787998147491349
2025/09/02 10:38:54Khurelsukh at SCO: “Mongolia Is Ready to Contribute to Regional Integration”
thumbnail 539914819_1852986372303789_7018353776700053805_n
539914819_1852986372303789_7018353776700053805_n
2025/09/01 9:54:07President of Mongolia U. Khurelsukh Received by President of China Xi Jinping
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