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IMF approves US$5.5b bailout package for Mongolia

Bank offering a three-year financial package to back economic reform plan

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The International Monetary Fund (IMF) said on Thursday that it approved a total financial package worth around US$5.5 billion to help support cash-strapped Mongolia's efforts to diversify its small and resource-dependent economy.

Ulaanbaatar, Mongolia

THE International Monetary Fund (IMF) said on Thursday that it approved a total financial package worth around US$5.5 billion to help support cash-strapped Mongolia's efforts to diversify its small and resource-dependent economy.

The IMF has provided a three-

sentifi.com

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