l not exist after State Great Hural is assembled
Communists:
MPRP membership 90,000 (1990 est.)
Member of:
AsDB, ESCAP, FAO, GATT, G-77, IAEA, IBEC, IBRD, ICAO, ILO, IMF, IOC, ISO,
ITU, LORCS, NAM, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation:
Ambassador Luvsandorj DAWAGIV; Chancery, (202) 983-1962
US:
Ambassador Joseph E. LAKE; Deputy Chief of Mission Thomas E. DOWLING;
Embassy at Ulaanbaatar, c/o American Embassy Beijing; PSC 461, Box 300, FPO
AP 06521-0002; telephone (800) 29095 and 29639
Flag:
a new flag of unknown description reportedly has been adopted

:Mongolia Economy

Overview:
Mongolia's severe climate, scattered population, and wide expanses of
unproductive land have constrained economic development. Economic activity
traditionally has been based on agriculture and the breeding of livestock -
Mongolia has the highest number of livestock per person in the world. In
recent years extensive mineral resources have been developed with Soviet
support. The mining and processing of coal, copper, molybdenum, tin,
tungsten, and gold account for a large part of industrial production. Timber
and fishing are also important sectors. In 1991-92 Mongolian leadership is
struggling with severe economic dislocations, mainly attributable to the
economic crumbling of the USSR, by far Mongolia's leading trade and
development partner. Moscow almost certainly cut aid in 1991, and the
dissolution of the USSR at yearend 1991 makes prospects for aid quite bleak
for 1992. Industry in 1991-92 has been hit hard by energy shortages, mainly
due to disruptions in coal production and shortfalls in petroleum imports.
The government is moving away from the Soviet-style centrally planned
economy through privatization and price reform.
GDP:
exchange rate conversion - $2.1 billion, per capita $900; real growth rate
-3% (1991 est.)
Inflation rate (consumer prices):
100% (1991 est.)
Unemployment rate:
15% (1991 est.)
Budget:
deficit of $67 million (1991)
Exports:
$279 million (f.o.b., 1991)
commodities:
copper, livestock, animal products, cashmere, wool, hides, fluorspar, other
nonferrous metals
partners:
USSR 75%, China 10%, Japan 4%
Imports:
$360 million (f.o.b., 1991)
commodities:
machinery and equipment, fuels, food products, industrial consumer