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2025/09/16
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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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  • 2025/09/05 4:42:55Governor-General of Australia Officially Welcomed
  • 2025/09/05 8:31:10Governor-General of Australia Samantha Mostyn arrives in Mongolia for a State Visit
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GALLERY

thumbnail 544148622_1326319369126658_1553190531756697493_n
544148622_1326319369126658_1553190531756697493_n
2025/09/11 12:11:33State Visit of Governor-General of Australia Samantha Mostyn Concludes
thumbnail received_4413805648846972
received_4413805648846972
2025/09/08 4:55:56Governor-General of Australia and First Gentleman Plant Trees at Ikh Tenger Complex
thumbnail 68ba6b83c9470
68ba6b83c9470
2025/09/05 4:55:25President of Mongolia and Governor-General of Australia Hold Official Talks
thumbnail 68ba5f5f772d0
68ba5f5f772d0
2025/09/05 4:42:55Governor-General of Australia Officially Welcomed
thumbnail received_653128327389428-1536x1023
received_653128327389428-1536x1023
2025/09/05 8:31:10Governor-General of Australia Samantha Mostyn arrives in Mongolia for a State Visit
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