2. MONGOLIA
A landlocked unitary sovereign state in East Asia
Mongolia is sandwiched between China to the south and
Russia to the north
It is the second-largest landlocked country
Population of the country is more than 3 million
(3,131,724)
3.
4. ECONOMY
Over the past 20 years, Mongolia has transformed into
democratic country with free market from the socialist
country
GDP per capita $12,100 (2015)
GDP $36.07 billion (2015)
Ranked 128th by its GDP
5. GDP growth
8.0% (2014)
2.3% (2015)
0.1% (2016)
2.0% (2017)
Ease-of-doing-business rank 64th (2017)
Main import partners: China 39.9% Russia 28.4% Japan 6.4% South
Korea 6.2%
Main export partners: China 84% Switzerland 9% Others 7%
Export raw materials: copper, coal, molybdenum, tin, tungsten, oil , gold
and cashmere
6. Since 1990, after the opening of the market, Mongolia attracted
investment which is equal to 16.6 billion USD
More than 30
percent of the
foreign direct
investment comes
from China, 9
percent Luxemburg,
23 percent
Netherlands, 36 is
others including
Russia, Japan and
Korea.
7. More than 1,500 foreign companies from 61 countries invested in
Mongolia
77 percent of the foreign direct investment is flows into the mining sector
$2 trillion of mining commodities in the ground, and this could easily
establish a $100-billion economy by 2025
mining sector dependence makes Mongolian economy quite sensitive
Commodity prices in international market have direct influence on
Mongolian economy and FDI
FDI was measured by USD 4.7 billion in 2011 but in 2016 it drops into
USD 232 million
FDI decreased by 95 percent in few years
8.
9. (1) Establishing investment friendly legal basis- rooting out and
destroying the virulent corruption that threatens the foundational
institutions of the modern Mongolian state and putting in place a
more inclusive and more effective rule-making methodology for use
in implementing business legislation
(2) Facilitating the emergence of private-sector small and
medium size enterprises as the primary engine of the economic
diversification
(3) Infrastructure - vastly improving Mongolia's physical
infrastructure
10. CONCLUSION
Infrastructure is vital for attracting FDI
Economic situation in Mongolia is quite risky right now
IMF offered stand by arrangement
From 2017 FDI to Mongolia is set to recover slightly
Unfortunately, debt of the Mongolia is now equal to
86.3% of its GDP
