Mongolia May Consider IMF Standby Program, Prime Minister Says

Mongolia sees a standby program as only one of several options for International Monetary Fund support to help its faltering economy and looks to a new trade deal with Japan as essential to boost its economic and security role in Asia, Prime Minister Saikhanbileg Chimed said.

“There are four or five options that Mongolia has to cooperate with the IMF,” Saikhanbileg said in an interview with Bloomberg TV Mongolia in Tokyo. “Wanting cooperation from the IMF does not necessarily have to mean standby. That is an open option among many,” he said after signing the new trade deal.