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2025/10/10
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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”.

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GALLERY

thumbnail 552193840_4029457393985979_9174060302009063828_n
552193840_4029457393985979_9174060302009063828_n
2025/09/24 10:36:35President of Mongolia Khurelsukh Ukhnaa Meets UN Secretary-General António Guterres
thumbnail 552569591_2623408488009654_1347335903623179212_n
552569591_2623408488009654_1347335903623179212_n
2025/09/24 9:37:59Khurelsukh Ukhnaa: Mongolia Will Steadfastly Support the United Nations’ Efforts to Safeguard International Peace and Security
thumbnail IMG-53aa676399b367af3d033aeee9ac14ee-V
IMG-53aa676399b367af3d033aeee9ac14ee-V
2025/09/24 10:02:00President Khurelsukh Participates in 80th UNGA General Debate
thumbnail 552236558_802276269006047_2579351184262018784_n
552236558_802276269006047_2579351184262018784_n
2025/09/24 9:59:48President of Mongolia Khurelsukh Ukhnaa Meets with President of Finland Alexander Stubb
thumbnail 552571392_3736743926458218_4084990319214752927_n
552571392_3736743926458218_4084990319214752927_n
2025/09/23 3:15:27President of Mongolia Khurelsukh Ukhnaa Meets President of Montenegro Jakov Milatović
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