Examining #Mongolias Debt | Brian White for The Mongolist, April - TopicsExpress

Examining #Mongolias Debt | Brian White for The Mongolist, April 13: External public debt spiked above 40 percent of GDP in 2006, 2009, and 2012, and it remained above that level in 2013. The 2009 currency crisis spurred on the adoption of a Fiscal Stability Law which bars the government from exceeding a debt-to-GDP ratio of 40 percent.4 The law was legally enforceable in 2013 for the first time, yet the government breached that requirement. It is likely to breach the requirement again in 2014 if economic conditions do not improve. themongolist/blog/business/86-examining-mongolias-debt.html

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