NRGI hosted a discussion on the subject of enforcing fiscal discipline in Mongolia. A consultant for NRGI presented the findings of her research, entitled “Can the proposed fiscal council help improve fiscal discipline in Mongolia?” to a diverse audience of government officials, researchers, private sector executives and citizens.
NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
Andrew Bauer, David Mihalyi, Dorjdari Namkhaijantsan
Last week, the Mongolian government announced a USD 5.5 billion bailout agreement with the International Monetary Fund (IMF) and partners the World Bank, the Asian Development Bank, and the governments of Japan and South Korea.
Andrew Bauer, Dorjdari Namkhaijantsan, David Mihalyi
Mongolia is facing a debt crisis unlike anything seen since the end of communism. It is not too late to avoid a chaotic sovereign default, whereby the government is suddenly unable to pay its bills. Several options are available to stem the crisis.