Press Release No. 10/99 March 19, 2010

The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 15.33 million (about US$23.4 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 122.64 million (about US$187.4 million). The Board also approved the request for the modification of performance criteria to reflect the revised macroeconomic data and framework.