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Economic gods may be smiling again on Mongolia

Despite debt downgrade, IMF-led bailout looks realistic as commodities bottom out

The new government in Ulaanbaatar may have to agree to IMF bailout terms sooner rather than later.

TOKYO The international financial community's confidence in the Mongolian government's ability to deliver reforms and service its debt may be improving after a long slump. That was the impression left by an investment conference in Tokyo on Dec. 7, attended by foreign lenders and investors, and officials from the country's central bank and legislature.

The timing of the conference, hosted by Frontier Securities, a Japanese-run Ulaanbaatar-based investment bank, could not have been worse.

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