Strategic Deposits - Mongolian Investment Juggle
What is Mongolia’s strategy for its mining sector? The UN Trade and Development’s Investment Policy Review stated back in 2013 that Mongolia possesses abundant natural resources and holds significant potential for economic growth. However, it is essential to ensure that the income generated from the mining sector is utilized effectively and directed toward sustainable development. The initial step should involve establishing a comprehensive foreign direct investment (FDI) policy with clear development goals. There is a pressing need to enhance institutional capacity to effectively implement and enforce regulatory reforms, thereby improving overall efficiency. More than a decade has passed since these recommendations were made, prompting the need to evaluate the current situation.