Annual Report 2025 / Workplan 2026
2025 was another challenging but interesting year with a government change and mixed macroeconomic developments, eventually leading to a gradual recovery, record foreign exchange reserves, and an improved sovereign rating for Mongolia. The government change and related constitutional bottleneck added uncertainty to the investment climate, combined with continued government actions threatening to freeze corporate bank accounts and shut down businesses, as well as negative media campaigns based on mere accusations. With continued strong support and active participation from its members, AmCham Mongolia is the market leader among the business platforms advocating for an enabling business environment and promoting Mongolia as a place for investment and trade with third neighbors. Major highlights of the year were continued broad policy advocacy campaigns protecting the rights and interests of our members; engagements with the government at the highest level, including the Prime Minister and several Cabinet ministers; and advocacy on investment, minerals, taxation, and the sovereign wealth fund laws.