Description: Mongolia Quarterly, January 2008

Mongolia Quarterly, January 2008

Real Gross Domestic Product (GDP) growth rate was 9.9 percent in 2007. Economic growth has been primarily driven by agriculture (which contributed 3.4 percentage points to economic growth), and services (which contributed 4.3 percentage points). In...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCOUNTING ALLOCATIVE EFFICIENCY AMORTIZATION ASSET QUALITY AUDITS BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BINDING CONSTRAINT BINDING CONSTRAINTS BUDGET DEFICIT BUSINESS ENVIRONMENT BUSINESS PLANNING CAPACITY CONSTRAINTS CAPITAL ADEQUACY CAPITAL INVESTMENT CENTRAL BANK COAL COMMERCIAL BANKS COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE CONSUMER DEMAND CONSUMER PRICE INDEX CORPORATE GOVERNANCE CORPORATE TAX COST OF CAPITAL CPI CREDIT BUREAU CREDIT COOPERATIVES CREDIT GROWTH CREDIT REPORTING CREDIT RISK CREDIT RISK ASSESSMENT CREDIT RISK ASSESSMENTS CREDIT RISKS CREDITORS CREDITWORTHINESS CURRENCY DEBT MANAGEMENT DEBT RATIOS DECISION MAKING DEFICIT FINANCING DEPOSIT DEPOSIT RATES DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DISTORTIONARY TAXES DISTRIBUTION OF WEALTH DIVIDEND DOMESTIC BANKING DOMESTIC INFLATION DOMESTIC PRODUCTS DURABLE DURABLE GOODS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC REFORMS ENDANGERED SPECIES ENERGY RESOURCES ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL DEGRADATION ENVIRONMENTAL MANAGEMENT EQUIPMENT EXCHANGE RATE EXCHANGE RATE REGIME EXPENDITURE EXPENDITURES EXPLOITATION EXPORTERS EXTERNAL DEBT EXTERNAL TRADE FARMS FINANCIAL DISCIPLINE FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FLOATING EXCHANGE RATE FOOD PRICE FOOD PRICES FOOD PRODUCTION FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN TRADE FORESTRY GLOBAL ECONOMY GOVERNMENT POLICY GOVERNMENT REVENUES GOVERNMENT SUPPORT GROWTH RATE HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE INCOME INCOME LEVELS INCOME TAX INDIVIDUAL FIRMS INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INSURANCE INDUSTRY INTEREST PAYMENT INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTERNAL CONTROL INTERNATIONAL BEST PRACTICES INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT PROJECTS INVESTOR CONFIDENCE JOB CREATION LABOR COSTS LABOR FORCE LABOR MARKET LACK OF TRANSPARENCY LIBERALIZATION LIQUIDATION LIVESTOCK SUPPORT LOAN LOAN GUARANTEES LOW-INCOME COUNTRIES MARKET CAPITALIZATION MARKET CONSTRAINTS MARKET DEVELOPMENTS MARKET DISTORTIONS MARKET ECONOMY MARKET MECHANISMS MIDDLE-INCOME COUNTRY MONETARY AUTHORITIES MONETARY POLICY MONEY LAUNDERING MONEY SUPPLY MORTGAGE MORTGAGE MARKET NATIONAL DEVELOPMENT NATIONAL SAVINGS NATURAL RESOURCES NEW PRODUCTS NON-PERFORMING LOAN OIL OIL PRICE OIL PRICES PENSION PENSION FUND PENSIONS POLICY RESPONSE POLITICAL ECONOMY PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PRESENT VALUE PRICE INDEXES PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCTION PROCESSES PRODUCTIVE INVESTMENT PROFIT MARGINS PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS QUALITY STANDARDS RED TAPE REGULATORY FRAMEWORK REGULATORY SYSTEMS REPAYMENT RESERVES RESOURCE USE RETURNS RISK EXPOSURE RISK MANAGEMENT SECURITIES SECURITIES MARKET SHARE OF EQUITY SOCIAL DEVELOPMENTS SOFT LOANS STOCKS SUPPLY SHOCK SUSTAINABILITY ANALYSIS SUSTAINABLE GROWTH TAX TAX RATE TAX RATES TAX REGIME TAX REVENUE TAX SYSTEM TAX SYSTEMS TAX TREATMENT TELEPHONE LINE TERMS OF TRADE TRADE BALANCE TRADE DEFICIT TRADE UNIONS TRADEOFFS TRADING TRANSPARENCY TRANSPARENCY INITIATIVE TREASURY TURNOVER UNEMPLOYMENT URBANIZATION WAGES WATER POLLUTION WITHHOLDING TAX WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/370291468123234575/Mongolia-quarterly-January-2008 http://hdl.handle.net/10986/28092

Description
Summary:	Real Gross Domestic Product (GDP) growth rate was 9.9 percent in 2007. Economic growth has been primarily driven by agriculture (which contributed 3.4 percentage points to economic growth), and services (which contributed 4.3 percentage points). In the agriculture sector, the December 2007 annual livestock census reported an increase of 15 percent of livestock from 34.8 to 40.3 mln livestock, with the number of goats, sheep and cattle increasing by 18, 15 and 14 percent respectively. While most of the foreign direct investment (FDI) coming into Mongolia continues to go to mining, its value-added only grew by only 1.7 percent this year (mainly came from coal extraction). On the non-bank side, the financial regulatory commission has been making efforts to improve the legal and regulatory framework, however, its weak institutional capacity and resource constraints continue to be a major impediment in effective supervision. Several key laws relating to the financial sector need to be finalized. Efforts have been made towards resolving immediate issues relating to the closed savings and credit cooperatives, developing the insurance industry and developing a framework and institutions to develop the mortgage market. However, several laws and enabling regulation still need to put in place before benefits of increase in financial sector efficiency (lower cost of financing) can be fully realized.

Mongolia Quarterly, January 2008

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