TOKYO -- Mongolia is pressing ahead with economic reforms despite windfalls from a recovery in the price of coal and other key commodities, senior government and regulatory officials said on Tuesday.
The resource-rich country, which has a land size four times that of Japan but a population of only three million people, has faced turmoil after the global commodities downturn in 2012. After a falling currency, ballooning debt and capital flight crippled its financial health, the government last year agreed on a $5.5 billion aid package led by the International Monetary Fund.
