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The transportation situation in Mongolia has improved a great deal over the past few years. Substantial additions have been made to the road system, with a total of 5469 km being built between 2012 and 2016. In terms of rail a number of breakthroughs were made in 2014 that promise to expedite progress on lines that have been long delayed. Overall, real progress has been made and momentum...

Despite abundant resources, Mongolia has struggled to shore up its energy security and decrease its dependence on Russia for refined fuel and electricity. The government has made some headway in diversifying fuel imports and improving its terms of trade, while several mid-stream projects could develop domestic refined fuel production. Meanwhile, important refurbishments of Mongolia’s ageing...

With a focus on curbing political risk to encourage new investment, Mongolian authorities are striving to build a competitive industry to develop the country’s abundant natural resources. Copper regained its place as Mongolia’s top export in 2014, and is the primary focus of new exploration alongside gold and niche minerals such as fluorspar and rare earth metals. While the coalition...

Recording steady expansion, the Mongolian insurance sector’s prospects are good despite the difficulties faced more generally in the economy. Sector indicators, such as premiums per person, premiums per capita, total capital and total compensation, also suggest that the country’s insurance companies are in relatively good shape and growing fast. As in many developing countries, awareness and...