The IMF has been as good as its word in reengaging in Mongolia.
In November 2016, Mongolia reeled as Fitch issued a further downgrade to B- (FT). Anaemic growth, economic mismanagement and impending repayments, loomed large. Prior to the package led by the International Monetary Fund (IMF), Mongolian politicians looked on in vain hope of a solution. But sometimes fortune favours the brave. Battered by a winter of discontent, partners trusted in Mongolia, and now the markets seem minded to agree.
The last months of 2016, were characterized by concern, both at home and abroad, as to whether Mongolia could convince the International Monetary Fund (IMF) and other stakeholders, to offer financial assistance. The country let off a collective sigh of relief in February 2017, when a staff-level agreement was reached. Hard work and flexibility on both sides, had enabled a successful conclusion to a complex, multifaceted negotiation.
Mongolian Properties is the oldest, largest, and most reputable Mongolian real estate agent. We are a real estate intermedeiary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services.
