Country Profile |
 WORLD Asia-Pacific
Global General
Global Biz
Science and Health
Newsmaker
Country Profile
Odd News
|
Country Profile |
WORLD Asia-Pacific
Global General
Global Biz
Science and Health
Newsmaker
Country Profile
Odd News
|
Nestled between China and Russia, Mongolia,a resource-rich country on the brink of an economic transformation, is getting ready to pounce, with real GDP growth prospects expected to hit 20.8 percent within three years.
Dependent on mining for a third of its GDP, the Mongolian economy is set to expand even more, thanks to new mines that are coming on-stream.
With its proximity to China and a flood of foreign liquidity waiting to pour in, the Mongolian government is ready with new investor-friendly laws and policies in place for the country to become a 21st century nation.
Infrastructure holds the key to developmentEnergy, infrastructure and tourism are full of potential in Mongolia, a country that wishes to take advantage of its strategic location between China and Russia.
Safeguarding the economyBank of Mongolia functions independently of government to ensure price stability and a robust financial sector.
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Erdenet Mining Corporation has delivered a strategic plan to allow it to keep expanding through the next decade, and beyond.
