Accounting for 95% of all registered enterprises and around half of employment (910,000 workers), Mongolia’s 90,000 small and medium-sized enterprises (SMEs) are a crucial fabric linking large resource projects to the domestic economy. Indeed, the National Development and Innovation Committee estimates that every $1 invested in mining creates a $1.84 multiplier effect in...
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Articles & Analysis | New economic incentives in Mongolia could ease constraints on growth and boost small businesses from The Report: Mongolia 2015
Articles & Analysis | Mongola's efforts to bolster shrinking foreign exchange reserves from The Report: Mongolia 2015
Foreign direct investment (FDI) financed the current account deficit (CAD) in the boom years, but the FDI drop since 2012 has compounded balance of payment (BoP) pressures. While the CAD has narrowed, the fall in FDI inflows has sustained the tugrik’s devaluation. Expansionary monetary policy from the Bank of Mongolia (BOM) helped provide a soft landing for the economy...
Interviews & Viewpoints | L. Boldkhuyag, Chairman, Bodi Group: Interview from The Report: Mongolia 2015
To what extent should foreign investors regard Mongolia as an attractive economic destination within the medium to long term?
Interviews & Viewpoints | Jim Dwyer, Executive Director, Business Council of Mongolia (BCM): Interview from The Report: Mongolia 2015
To what extent has the new investment law been successful at attracting foreign investment?
Interviews & Viewpoints | Vladimir Putin, President of Russia, on improving economic and political ties: Viewpoint from The Report: Mongolia 2015
First, I would like to note that my recent visit to Mongolia and talks with President Ts. Elbegdorj coincided with one of the biggest events in the history of our relations: the 75th anniversary of our joint victory at the river Khalkin-Gol. I would like to express our gratitude to Mongolia’s government and people for looking after our common historic heritage. The...
Articles & Analysis | Mongolia's new investment law a good start, but more reforms needed from The Report: Mongolia 2015
A new investment law passed in October 2013 sent a clear message about the government’s pro-business reform ambitions, placing foreign and local investors on equal footing. New “tax stabilisation certificates” now offer an alternative to the previous investment agreements by freezing the relevant taxes for a period of up to 22.5 years.