Mongolia’s transition strategy is unique in Asia and has been accompanied by very high levels of poverty. For these reasons, policy choices have been the focus of substantial national and international attention. This paper examines the relationship between these policy choices and the...

The World Bank, alongside other development institutions and leading donors, has increasingly emphasised the importance of evidenced-based policymaking in addressing entrenched poverty. Additionally, widespread adoption of Poverty Reduction Strategy Papers (PRSPs) has necessitated establishing...

Mongolia, unlike several other Asian Transitional economies, has since 1990 pursued a "Russian-style" transition to a market economy. This has entailed rapid and extensive privatisation accompanied by, inter alia, stabilisation, liberalisation and de-regulation. The transition process has been...

In late 1999 a joint meeting of the IMF and World Bank announced the introduction of Poverty Reduction Strategy Papers (PRSPs) as a means of securing comprehensive development, alongside a framework for the provision of increased financial support (specifically via debt relief). PRSPs were...

In 1990 Mongolia, the second oldest communist state in the world, initiated a fundamental transformation of its economy and moved rapidly to a multi-party democracy. Unlike any other Asian economy it adopted the shock-therapy approach to transition.