AKIPRESS.COM - Representatives of the International Monetary Fund visited the Mongolian capital, Ulaanbaatar, at the end of 2016 to evaluate the state of the economy and conduct meetings with the government.

Following that IMF mission, which took place from October 24 to November 4, it was decided to make a visit at the beginning of 2017. The IMF team had planned to arrive in Ulaanbaatar on January 20 but was delayed arriving in Ulaanbaatar until 30th of January, with some of the members arriving the next day.

Mongolian Finance Minister B.Choijilsuren, said: "The Government's deal with the IMF delegation has entered its final stage. We expect to sign a loan agreement with the IMF team by February 15."

A deal with the IMF would ease Mongolia’s financial concerns before the March deadline, when the Development Bank of Mongolia’s $580mn bond matures. Regarding this issue, Mr B.Choijilsuren said: "The Government has two or three other options. In any event, we are quite confident that repayment will be made."