Ulaanbaatar, April 17, 2026 /MONTSAME/. The Governor of the Bank of Mongolia, Mr. Narantsogt Sanjaa, is participating in the IMF–World Bank Spring Meetings held in Washington, D.C., United States, together with official delegation from the Bank of Mongolia.
This year’s meetings place particular emphasis on the sharp rise in oil and energy prices driven by geopolitical tensions in the Middle East, supply shortages, and their resulting economic impacts, as well as potential policy solutions to address these challenges. The discussions also cover a wide range of issues that have become increasingly important for countries in recent years, including artificial intelligence, big data, cyber risks, international payment systems, financial security, digital financial solutions, sustainable growth, and the resilience and continuity of global supply chains.
Governor of the Bank of Mongolia Narantsogt Sanjaa meets with Director of the Asia Pacific Department, IMF Mr. Khrishna Srinivasan
During these meetings, the Governor Narantsogt Sanjaa provided updates on Mongolia’s current economic and financial conditions, as well as the policy measures and tools developed by the Bank of Mongolia to address external challenges. He also engaged in active discussions on the effective implementation of global economic outlook assessments and policy recommendations prepared by international partner institutions, and on future areas of cooperation.
In addition, discussions were held with senior officials and experts from international partner institutions on the Bank of Mongolia’s medium-term strategic plan, strengthening Central bank independence, accelerating banking sector reforms, proposed amendments to relevant legislation, improving financial sector infrastructure, expanding correspondent banking relationships, and the phased introduction of risk-based supervisory frameworks.
The Bank of Mongolia delegation is meeting with representatives of international partner institutions, including senior officials from the International Monetary Fund’s Asia and Pacific Department, as well as departments responsible for monetary policy, capital markets, and legal affairs. Participants also include representatives from the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and major global financial institutions such as BNY Mellon, HSBC, and J.P. Morgan.
These institutions noted that Mongolia has relatively stronger capacity compared to peer countries to manage potential challenges arising from geopolitical tensions in the Middle East, as well as sufficient policy space and resources to effectively implement appropriate response measures. They also emphasized that, should conditions deteriorate further, timely and well-calibrated policy decisions will be essential. In this regard, they recommended limiting quasi-fiscal measures by the Central bank and ensuring that welfare and subsidy programs are implemented in a targeted manner, focusing only on vulnerable groups rather than the broader population.
Governor of the Bank of Mongolia Narantsogt Sanjaa, together with the Vice President of the World Bank Group Mr. Carlos Felipe
Furthermore, a willingness to provide support in this area was expressed.
