<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Sunday, October 4, 2015 10:04 AM</td></tr><tr><td>To:</td><td>Lawrence H. Summers</td></tr><tr><td>Subject:</td><td>Re: Mongolia</td></tr></table>

this is separate , as a method to focus some positive atte=tion on a country that with your guidance is another greece bu= with resources

On Sat, <u>Oct 3, 2015 at</u> 11:45 <u>PM,</u> Lawrence H. Summers
<mailto > wrote:

Doesn't pay the bills.

Sent from my iPhone

Please direct all scheduling inquiries to my office at:

Follow me on twitter: 
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. =A0 as a soverign they could do it

<u>On</u> Sat, Oct 3, 2015 at 11:33 PM, Lawrence H. Sum=er
<mailto: > wrote:

I'm good to go.

Sent from my iPhone

Please direct all scheduling inquiries to my office at: Ihsoffice@lawrencesummers.com

Follow me on twit=er: 
www.larrysummer=.com <http://www.larrysummers.com/>

Begin forwarded message:

- Type: Email header (most names/emails redacted with black bars)
- From: [redacted]
- Date: October 3, 2015 at 11:31:08 PM EDT
- To: [mailto: …] (multiple recipients; redacted)
- Cc: [redacted]
- 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=rn 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,

Key details from the image:

*   Sender: Lawrence H. Summers
*   Date: Saturday, October 03, 2015, 09:16 AM
*   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

<u>Please direct</u> all=scheduling inquiries to my office at

<mailto:

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