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...
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Articles & Analysis | Mongola's efforts to bolster shrinking foreign exchange reserves from The Report: Mongolia 2015
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?
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.
Articles & Analysis | New agreements between Mongolia and key neighbours set to boost foreign trade from The Report: Mongolia 2015
Landlocked between two large markets, Mongolia has long used an activist trade policy to develop “third neighbours” and improve its terms of trade. The 1965 International Convention on Transit Trade of Landlocked States already grants it access to third markets, although quotas and transit tariffs are still subject to negotiations. Over the past decade, however, China...
