How might the new investment law affect foreign direct investment (FDI) in 2014? Is the new law enough to bring back investors’ confidence?
Economy
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Interviews & Viewpoints | OBG talks to Jim Dwyer, Executive Director, Business Council of Mongolia from The Report: Mongolia 2014
Interviews & Viewpoints | David Johnston, Canadian Governor General, on forging new connections from The Report: Mongolia 2014
Though separated by vast physical distance, Canadians and Mongolians are united by common bonds that transcend geography. This happy state of affairs was evident during my state visit to Mongolia in 2013, undertaken on the 40th anniversary of diplomatic relations between our two countries and the fifth anniversary of the opening of the Canadian...
Articles & Analysis | Competing demands: The country maintains a long-standing balancing act between its powerful neighbours from The Report: Mongolia 2014
Since Mongolia emerged from the break-up of the Soviet Union two decades ago, it has developed a strong commitment to democratic governance and economic liberalism, a commitment that it has demonstrated via six presidential elections and seven parliamentary ones, and its democratic institutions have rapidly matured, despite the substantial...
Having an estimated $1.3trn in mineral deposits at current market prices, Mongolia holds great promise for investors. With GDP standing at just $10.3bn in 2012, a single large project has the potential to significantly boost foreign direct investment and growth. The core budget deficit declined from $319m in 2012 to $178m in 2013, equal to 1.7% of GDP; however, off-budget spending was rising. The...
Chapter | Trade & Investment from The Report: Mongolia 2014
With its position adjacent to two of the world’s largest economies, Russia and China, Mongolia’s trade potential holds significant appeal for foreign investors. Furthermore, just as it strives to diversify the sources of its foreign direct investment, the country’s policy of cultivating “third neighbours” is set to broaden trade patterns geographically and should gradually improve the terms of...
Chapter | Country Profile from The Report: Mongolia 2014
Mongolia is home to a vast desert in the south, large freshwater lakes in the north-west and dry, grassy plains throughout most of the rest of its territory. Although its borders stretch 8220 km, its only neighbours are the superpowers Russia and China, a fact that has shaped much of Mongolia’s political and economic history. The country has a vast wealth of mineral resources – over 6000 deposits...