Mongolia

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Economic update | Mongolia: Ongoing mining disputes hurt growth

1 Apr 2013
Following disagreements between the government and major international mining firms, Mongolia is taking steps to reassure investors. However, it has proven difficult to convince interested parties that these disputes are not indicative of a deeper conflict building between the present leadership and the foreign firms that are extracting minerals.
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Chapter | Banking from The Report: Mongolia 2013

Key reforms implemented in the aftermath of the 2008-09 financial crisis have created a more flexible and resilient banking sector, just as the economy entered a period of slow growth in 2012. While the sector has expanded dramatically over the past two years, banks faced a liquidity squeeze in 2012 that has reduced the pace of growth. Over the long term, however, Mongolia’s leading banks stand...
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Economic update | Mongolia: Bond gamble heats up

18 Mar 2013
Funds raised through Mongolia’s first national bonds are set to have an impact on the wider economy, with the government announcing in February that fournew major projects will benefit from the so-called“Genghis” bonds. However, critics still fear the issuance could back fire.
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Economic update | Mongolia: Legal proposals signal rocky spell for mining

1 Mar 2013
A controversial draft Minerals Law that the government hopes will steer Mongolia’s mining industry into a new era has divided opinion across the country, with supporters highlighting the need for change, while critics say its implementation could put the industry’s future at risk.
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Economic update | Mongolia: Tackling retail rights

14 Feb 2013
Efforts by Mongolia’s government to improve conditions for increasingly wealthy local consumers bode well for the fledgling retail industry. There are concerns, however, that watchdogs and legislation will not be able to keep pace with the rapid growth of the industry.
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Economic update | Mongolia: Sky-high ICT goals

1 Feb 2013
Cabinet approval for Mongolia’s first satellite in late 2012 makes clear the height of the country’s ambitions for improving information and communications technology (ICT) provisions. Although a satellite launch is an ambitious objective, improving on-the-ground infrastructure will prove to be just as significant, and as challenging.
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