Mongolia overview

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Green landscape in Mongolia

Mongolia became an EBRD country of operations in 2006. The EBRD supports Mongolia in its transition to a full market economy and is currently the largest foreign investor in the country. All projects that we have supported have been in the private sector and almost all of these involve local entrepreneurs or banks.

One of the priorities for the EBRD in Mongolia is to support infrastructure projects with private sector participation, including public-private partnerships (PPPs).

The main priorities of the EBRD's work in Mongolia are:

Diversification: The EBRD will aim to expand its engagement with the non-extractive private sector.

Sustainable growth: We support the financial sector through small and medium-sized enterprise (SME)-debt programmes, equity and technical assistance.

Responsible mining and institutions: The EBRD continues to offer debt and equity finance to reputable mining companies which meet its high standards and will support institutional building. All of our support in the mining sector has thus far been directed to local enterprises.

Infrastructure and private sector development: The EBRD supports Mongolia's infrastructure-building "including through the development of renewable energy“ and promotes private sector involvement where possible.

The EBRD's latest Mongolia strategy was adopted on 7 June 2017

Mongolia's policy response to the coronavirus crisis

The EBRD is monitoring Mongola's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Mongolia's Real GDP Growth in 2021 6.1%

Current EBRD forecast for Mongolia's Real GDP Growth in 2021 6.5%

The economy is strongly rebounding following a major recession in 2020. Mongolia recorded real GDP growth of 6.3 per cent year-on-year in the first half of 2021, fuelled by the mining sector amid higher demand from China.
Exports increased by 25 per cent year-on-year in the first eight months of 2021, as copper (up 97 per cent year-on-year) and coal (up 12 per cent year-on-year) exports surged. Temporary forbearance and stimulus measures implemented by the authorities have resulted in excess liquidity driving up the stock and real estate prices.
Bank deposits swelled despite major cuts in interest rates. Inflation increased above the central bank corridor in August 2021 reaching 9 per cent year-on-year compared with 2.3 per cent in January 2020.



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