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Country data
- Population:
- 2.7 million
- Area:
- 1,567,000 sq km
- Capital:
- Ulaanbaatar
- Currency:
- Togrog
Key developments and challenges
The mining boom in Mongolia continues. Economic growth accelerated from 6.4 per cent in 2010 to 17.5 per cent in 2011 and foreign direct investment (FDI), predominantly mining-related, reached 44 per cent of gross domestic product (GDP) in 2011, up from 26 per cent in the previous year.
The government has further strengthened the fiscal framework. The Integrated Budget Law (IBL) will improve the reporting of government contingent liabilities and strengthen public investment planning.
A new foreign investment law imposes new restrictions on foreign investment in mining, banking and other strategic industries. Significant foreign investments in these industries will now be subject to government or parliamentary approval.
More developments and challenges
Mongolia
Key facts about the EBRD's work in Mongolia
|
No. of projects |
43 |
|---|---|
|
Net business volume |
€419.3 million |
|
Total project value |
€1,134.0 million |
|
Gross disbursements |
€283.0 million |
|
Portfolio in private sector |
100% |
Our strategy in Mongolia
The Bank’s strategic priorities will focus on the corporate and financial sectors and infrastructure.
The EBRD will continue to play a crucial role, together with partner IFIs, in developing the transport, energy and municipal infrastructure in the country. The majority of future Bank investments (in terms of volume) are expected in the transport sector.
NEWS
CONTACTS
3rd Floor
MCS Plaza
Seoul Street – 4A
210644 Ulaanbaatar
Mongolia
Tel: + 976 11 317 974/298
Fax: + 976 11 315 844