Mongolia

Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and...

The domestic lending market is simultaneously shaking off the effects of the international financial crisis and gearing up for what promises to be the most active and important period in its short history, since the country transitioned from communism to capitalism when the Soviet Union collapsed. Lending rates have come down considerably, banks...

The insurance sector is young but growing rapidly and is characterised by a relatively inexperienced labour pool, incomplete regulations, big plans for regulatory reform and fast growth from a small base. In short, it looks like a typical early-stage insurance sector in any developing country. The sector needs “technical assistance and labour...