The document discusses Mongolia's macroeconomic stability and outlook. It notes that while real GDP growth slowed to 12.3% in 2012 from 17.5% in 2011 due to global uncertainties, growth has remained in double digits. Inflation is under control due to proactive monetary policy that has guided inflation downward. The banking sector has grown steadily with non-performing loans under control. Ongoing legal and policy reforms aim to foster long-term macroeconomic stability and attract more foreign direct investment to ensure sustainable growth.