2026 ROADMAP
2026 presents a defining mix of volatility and opportunity. Domestically, Mongolia is navigating a post-election landscape, with public frustration centered on systemic corruption, high inflation, and widening inequality. The government’s renewed push for anti-corruption and digital governance offers a critical opening for AmCham’s long-standing transparency agenda. Economically, projected mining-led growth (5.7 percent) is tempered by high inflation (7.2 percent) and weakening Chinese demand. The recent dzud (extreme winter conditions) underscores the fragility of the non-mining economy. Meanwhile, the 2025 Mongolia Investment Climate Statement issued by the U.S. Department of State warns that “caution is warranted” due to “ineffective dispute resolution” and the risk of “expropriatory” new laws, such as the 2024 legislation on strategic deposits. [...]