Finally.... IMF Mission team is here..At least some of the them

Some members of the IMF Mission team is here, according to the Ministry of Finance. 

They arrived today or Jan 30 and more members are expected to arrive tomorrow and Sunday ( Feb 5). Then, Government of Mongolia will resume negotiation with the mission team whether to enroll  either in "Standby Credit Facility" or "Standby Arrangement" programs of the International financial body and finalize the deal.


Now, everybody who knows a thing or two about Mongolia economy knows that March 21, the country have to pay $ 580 dollars as loan repayment.

Some analysts predict that Mongolia can't pay the debt and therefore, will request to delay the repayment. Some say Mongolia may face default. 

Seems, IMF is savior of Mongolia in times of trouble. Hopefully, Government will finalize the deal with IMF before it runs out of time and face the default. 





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