PRIME MINISTER U.KHURELSUKH MEETS IMF REPRESENTATIVE

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh said Thursday that his Cabinet will ensure continuity of achievements of the previous Cabinet, including the Extended Fund Facility of the International Monetary Fund (IMF). The Prime Minister met Neil Saker, IMF Resident Representative to Mongolia, to hand over to him a formal letter addressed to Christine Lagarde, IMF Managing Director. U.Khurelsukh informed that the ruling Mongolian People’s Party (MPP) will form a new Cabinet, the structure of which will not be altered this time. “The economic situation of Mongolia is better off than it was in 2016 when the previous Cabinet was established. We have seen an economic growth, with the inflation rate being a one-digit number,” said the Prime Minister, acknowledging the role of the IMF in the positive outcome. For his part, Saker congratulated the Prime Minister on his appointment as the new PM of Mongolia and pointed out the IMF program will not only stabilize the Mongolian economy, but also will open the door for a concrete growth. It was the first meeting of U.Khurelsukh after assuming the office of Prime Minister. Kh.Aminaa