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On the cover: clockwise from top left: Sermsang Khushig Khundii Solar Project in Mongolia (photo by Ariel Javellana); genetic engineering laboratory, School of Art and Science at the National University Mongolia (photo by Eric Sales); Sainshand School No.2 (photo by Kevin
Continue implementation of macroprudential policies to curb excessive and volatile credit growth. This edition of the Mongolia Economic Update provides an analysis of the recent economic developments and Mongolia’s medium-term economic outlook.
Summary of the 2020 budget. The 2020 budget assumes (a) real economic growth of 8 percent in 2019 and 6 percent in 2020, (b) strong demand for coal and relatively lower production of copper concentrate, and (c) that tax reforms are fully implemented from 2020.
The economic outlook remains strong, though uncertain. Real GDP is projected to grow by 4.5 percent in 2021, after contracting by 4.6 percent in 2020. In 2022-23, Mongolia remains poised for an export-led boom, with growth expected to accelerate to 6½–7 percent if export portals fully reopen and the Oyu Tolgoi copper mine is completed on ...
Includes historical data for Mongolia’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
This edition of the Mongolia Economic Update (MEU) was prepared by Jose Luis Diaz Sanchez (Senior Economist), Undral Batmunkh (Economist), Dulmaa Enkhtuya (Extended Term Consultant), and Anna Twum (Young Professional).
MONGOLIA ECONOMIC UPDATE Navigating stronger headwinds April 2022 MONGOLIA ECONOMIC UPDATE Navigating stronger headwinds April 2022 . This report is a product of the staff of the International Bank for Reconstruction and Development / The World Bank with external contributions. The findings, interpretations, and conclusions expressed in
