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Mongolia

1998: Mongolia’s financial, formal, and informal sectors

Jim Anderson's picture
Also available in: Mongolian
Continuing with our series of 25 years in 25 days, today we look at 1998.  It was another year of modest growth, with agriculture and services making up for the continued decline of the industrial sector which had fallen from 43% of GDP in 1990 to only 25% by 1998.  The financial sector was recovering from a crisis the previous year—with support from an IMF program, international reserves grew by 40 percent in 1997, and inflation had decelerated from 50% in mid-1997 to 17.5% (annualized) by the end of that year.  For the year 1998, consumer price inflation stood at 9.4%.

1998: Монголын санхүүгийн албан болон албан бус салбар

Jim Anderson's picture
Also available in: English

Албан бус орчуулга.

25 жилийн хамтын ажиллагааны түүхээ 25 өдөрт багтаах цуврал маань үргэлжилж, бид энэ удаа 1998 оныг эргэн харах болно. Өсөлт саараагүй ч үйлчилгээний болон хөдөө аж ахуйн салбарын үзүүлэлт буурсан, аж үйлдвэрийн салбарын ДНБ-д эзлэх жин 1990 онд 43 хувь байсан бол энэ онд 25 хувь болтлоо буурсан жил байлаа. Санхүүгийн  салбар ОУВС-гийн хөтөлбөрийн дэмжлэгтэйгээр өмнөх жилүүдийн хямралаасаа сэргэж, 1997 он гэхэд гадаад валютын нөөц 40 хувиар өсөж, 1997 оны эхээр 50 хувьд хүрээд байсан инфляц 1997 оны дунд үеэс оны эцэс гэхэд 17.5 хувьд хүрч буурлаа. 1998 онд хэрэглээний үнийн индекс 9.4 хувьтай байлаа.

1997: Stabilization at the heart of policy choices

Badamchimeg Dondog's picture
Also available in: Mongolian
As we continue traveling on our 25-day journey through our 25 years’ history, today we look back at the year 1997. Before digging into what the economic and social situation of the country looked like back then and what our Bank colleagues accomplished in Mongolia during the year, I want to quickly reflect on my own life back in the year.

The year of 1997 happened to be a turning point in my life as it was the year when my family moved from the far western aimag of Khovd to the capital city Ulaanbaatar after having lived in the aimag center for well over a decade. The things I remember truly well from the time are, firstly, we did not have power in Khovd, so we had to study in candlelight and cook on gas stoves imported from China or using firewood inside our apartment. Another major thing I had much excitement about at the time was that we were able to get our modest one-bedroom apartment in Khovd privatized, sell it to a local to finally move back to the big city to get closer to our relatives in the south of the country. All in all, in my thirteen year old mind back in 1997, life was somewhat tough with basic living conditions in remote areas still rather poor yet things were changing as I know it, perhaps for the good. Years later now, when I look back into 1997, in my thirty something mind, surprisingly, I get a similar picture. The social and economic situation in the country was still challenging in many ways but the country continued to transition and change, perhaps towards more good.

1997 он – Бодлогын цөм- Тогтворжилт

Badamchimeg Dondog's picture
Also available in: English

Албан бус орчуулга.

25 жилийн түүхийг 25 өдөр эргэн дурсах нийтлэл маань 1997оноор үргэлжилж байна. Дэлхийн банкны ажлын хамт олны маань хийж бүтээсэн зүйлс, Монгол улсын нийгэм эдийн засгийн нөхцөл байдлын тухай бичихийн өмнө тэр жил миний амьдралд юу тохиолдож байсныг эргэн дурсахыг хүслээ.

1996: Ядуурлын дүр зураг ба төрийн компаниудын төрх

Jim Anderson's picture
Also available in: English

Албан бус орчуулга.

Фото зургийг Дэлхийн Банкны архиваас
1996 онд Монгол улсын дотоодын нийт бүтээгдэхүүний өсөлт 2.2 хувь болон буурч өргөн хэрэглээний барааны инфляци эргэн 47 хувь болон өсөөд байлаа. Өнгөрсөн жил эхлээд байсан эмзэг бүлгийн иргэдэд чиглэсэн ядуурлыг бууруулах төсөл монгол улсын ядуурлын талаар илүү ойлголт, мэдээлэл цуглуулах шаардлага үүсгээд байв. Тухайн жил шилжилтийн эдийн засгийн ядуурлын үнэлгээ дөнгөж хийгдсэн ба амьжиргааны түвшинг жинлэж үздэг (LSMS) аргачлалд тулгуурласан анхны үнэлгээ болсон юм. 
 

1996: Taking stock of the profile of the poor, and the state of state enterprises

Jim Anderson's picture
Also available in: Mongolian
Photo courtesy of The World Bank Group Archives

In 1996, Mongolia’s GDP growth declined to 2.2% in real terms and consumer price inflation jumped back up to nearly 47%.  The previous year had seen the launch of a project on Poverty Alleviation for Vulnerable Groups, a project which called for a deeper understanding of poverty in Mongolia.  In 1996, Mongolia - Poverty Assessment in a Transition Economy was released.  This was the first poverty assessment for Mongolia to be based primarily on the Living Standard Measurement Survey (LSMS).  The poverty assessment sought to provide an in-depth understanding of the economic, demographic, regional and social characteristics of the poor, and to promote poverty reduction as an explicit objective in the formulation of public policy and resource allocation.

1995 он: Ядуурлыг бууруулах хөтөлбөрийн хэрэгжилтэнд туслалцаа үзүүлэв.

Jim Anderson's picture
Also available in: English

Албан бус орчуулга.

Фото зургийг Дэлхийн Банкны архиваас
1995 онд эдийн засгийн өсөлт 6.4 хувь болж хэсэгхэн хугацаанд өссөн боловч энэ өсөлт нь дахин 8 жилийн дараа л үзэгдэх өсөлт байлаа. Дэлхийн банк /Олон улсын хөгжлийн ассоциацийн анхны гаргасан Монгол улсын тусламжийн стратеги-д  дурьдсанаар 90-ээд оны эхний хагас жилүүд хичнээн  Монгол улсын хувьд хэцүүхэн өнгөрсөн ч хуучин социалист орнуудтай харьцуулахад тийм бэрх байгаагүй юм.  Хуучин социалист улсуудаас Балтикын орнууд л 1994 онд эдийн засгийн хувьд өсөлттэй үзүүлэлттэй байв. Стратегийн баримт бичигт тодорхойлсноор Монгол улсын энэхүү эерэг эргэлтэнд 5 хүчин зүйл нөлөөлсөн хэмээн үзсэн юм.

1995: Helping implement Mongolia’s Poverty Alleviation Program

Jim Anderson's picture
Also available in: Mongolian
Photo courtesy of WB Group Archives
Growth picked up to 6.4% in 1995, but it was a short-lived acceleration—it would be another eight years before Mongolia reached that level of growth again.  The World Bank/IDA’s first ever Country Assistance Strategy (CAS) for Mongolia noted that, as painful as the first half of the 1990s had been for Mongolia, it was not as bad as in the countries of the former Soviet Union.  Only the Baltic countries had growth resume by 1994.  The CAS attributed Mongolia’s turnaround to five factors: strong monetary, fiscal and exchange rate policies to achieve macroeconomic stabilization; an early privatization program which opened the door for a private sector supply response; prompt and continued assistance of the international community; political stability and progress on institutional reforms, including the adoption of several new laws to support the new market-oriented economy; and government commitment: “When controversial decisions need to be taken, reform-oriented views have prevailed within the Cabinet and Parliament. The Government, and society at large, are aware that a return to the past is impossible and emphasize that a market-oriented economy based on democratic principles is central to their development philosophy.”

1994: Эдийн засгийн агшилтын бодит зардлыг үнэлсэн нь

Jim Anderson's picture
Also available in: English

Албан бус орчуулга.

Өнөөдөр бид 1994 оныг эргэн санацгаая. 1990 оны эхээр эхэлсэн эдийн засгийн уналт саармагжин өсөлт тогтворжиж байлаа. Гэсэн хэдий ч эхэн үеийн шилжилтийн үр дүнд олон салбар хүнд хохирол мэдэрсэн юм. “Боловсролын салбарын санхүүжилтийн судалгаанаас харахад 1990 оноос 1992 оны хооронд засгийн газрын боловсролын салбарын санхүүжилт 57.6, 56.0 хувиар хасагдсан дүр зураг харагдаж байна. Тухайн жил төсвийн зарцуулалт дотоодын нийт бүтээгдэхүүний агшилтаас даруй 3 дахин багасч, 1993 оны боловсролын салбарын төсөв 15.2 хувиар танагдсан нь дотоодын нийт бүтээгдэхүүний 3.8 хувьтай тэнцэж байв.”

1994: Assessing the real costs of the economic contraction

Jim Anderson's picture
Also available in: Mongolian
Today we look at 1994.  At last the economic collapse of the early 1990s bottomed out and growth resumed.  The economic hardship of the first years of transition, however, had taken its toll.  A study on financing of education found that “Between 1990 and 1992, government expenditures and education expenditures were cut by 57.6 percent and 56.0 percent, respectively. The decline in public spending was more than three times as much as the decline in GDP. In 1993, the allocation to education was reduced to 15.2 percent of the state budget, and to 3.8 percent of GDP.”

Enrolments fell generally, but herders' children who attended boarding schools were affected more severely than other children. “Enrollment of boarders in 1992 was only half of that in 1989. In sum, those who bear the brunt of structural adjustment are rural children.”  The challenge of educating herders’ children remains to this day a part of the World Bank program in Mongolia.

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