Mongolia is an underdeveloped, resource rich country and clearly benefits from its geographic location being neighbour to economic giants China and Russia. Underpinning Mongolia’s status as a mineral rich resource area is the fact that it is home to world-class deposits such as the Oyu Tolgoi copper-gold deposit and the huge state-owned Tavan Tolgoi coal deposit.
Mongolia presents an exciting opportunity for investors interested in frontier markets and can provide diversification into emerging markets.
For more information on Mongolia:
Bank of Mongolia Annual Report 2023
International Monetary Fund – Mongolia
Investment Climate Statement issued by the U.S. Embassy
Mongolia Economic Update issued by The World Bank
Economic Indicators for Mongolia by Asian Development Bank
Mongolia’s Location