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 2022 Annual Report
Investment Climate Statement issued by the U.S. embassy
Mongolia Economic Updated issued by World Bank
Economic Indicators for Mongolia by Asian Development Bank
Mongolia’s Location