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2025/07/19
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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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GALLERY

thumbnail Tajikistan2
Tajikistan2
2025/07/17 11:11:45President of Mongolia will pay a State Visit to the Republic of Tajikistan
thumbnail Kyrgyz
Kyrgyz
2025/07/17 11:10:18President of Mongolia will pay a State Visit to the Kyrgyz Republic
thumbnail 687241052527f
687241052527f
2025/07/13 12:36:49President of Mongolia and the Emperor of Japan Attend Soyolon Race at Khui Doloon Khudag
thumbnail 515872835_755323223698206_7412016362952339814_n
515872835_755323223698206_7412016362952339814_n
2025/07/09 6:27:20Their Majesties the Emperor and Empress of Japan Visit General Education School in Ulaanbaatar
thumbnail 686e1491770f3
686e1491770f3
2025/07/09 3:26:24His Majesty the Emperor of Japan Visits Mongol Koosen Technology College
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