EFTA02485024.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Sunday, October 4, 2015 10:39 AM To: Lawrence H. Summers Subject: Re: Mongolia what number should they call? On Sat, Oct 3, 2015 at 11:45 PM, Law=ence H. Summers <mak° > wrote: <=lockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:lpx=ticcc solid;padding-left:lex"> Doesn't pay the bills. Sent from my iPhone Please direct all scheduling inquiries to my office at: Follow me on twit=er www.larrysummer=.com <http://www.larrysummers.com/> On Oct 3, 2015, at 11:34 PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com> wrote: great. only half facetiously, what=if mongoloia offered a true digital currency to replace bitcoin. =AO as a soverign they could do it On Sat, Oct 3, 2015 at 11:33 PM, Lawrence H. Sum=ers <mailt > wrote: I'm good to go. Sent from my iPhone Please direct all scheduling inquiries to my office at Follow me on twit=er www.larrysummer=.com <http://www.larrysummers.com/> Begin forwarded message: From: EFTA_R1_01603273 EFTA02485024 <mailto Date: October 3, 2015 at 11:31:08 PM EDT To: «mailt Cc: Subject: Re: Mongolia The following is a summary of where we are.=.. Mongolia is certainly not in bad graces with us -- it's an example of d=mocracy in the region and has had made military contributions in Afghanist=n. MCC has selected Mongolia for a second compact, and USTR is working on = bilateral Transparency Agreement. We have had regular engagement with them on macroeconomic issues. Mongolia's economic outlook over the medium-term is favorable due t= abundant natural resources, but it is highly vulnerable to commodity pric= volatility—particularly for copper—and they have had tr=uble developing an investment environment for FDI. The IMF recently concluded that Mongolia is at high risk of debt distress. =ongolia might already have had a Fund program but for significant short-te=m borrowing from its swap line with the PBOC. As things stand, however, Mo=golia is not pursuing a Fund program. The authorities have reached a deal with Rio Tinto on the underground porti=n of the Oyu Tolgoi copper mine. But until that money flows, Mongolia will=need macro tightening and better financial sector oversight. At any rate, if you end up helping them out, I'm sure they'll be we=l-served by your advice. Best regards, From: Lawrence H. Summers [mailto <mailto <mailto Subject: Mongolia Someone approached me on their behalf looking for advice. They a=e apparently in financial trouble, squeezed by China etc. No idea if I can or want to help them but wondered whether they are in=good or bad or I suspect neutral graces of USA. Thx Sent from my iPad 2 EFTA_R1_01603274 EFTA02485025 ' = eduling inquiries to my office <mailt Follow me on twitter www.larrysum=ers.com <http://www.larrysummers.com> please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 3 EFTA_R1_01603275 EFTA02485026