Tapping into hidden potentials and new opportunities in Mongolia

Well-educated citizens today are the key foundation for any country’s well-being and whole development. Mongolia has a relatively higher literacy rate around 97% than other developing countries in the region.

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Interesting facts to know before you visit Mongolia

Spanning across Central Asia and East Asia, Mongolia is known as untouched country with beautiful landscapes and one of the world’s most fascinated places for travellers. If Mongolia is already on your travel list, here are some interesting facts about Mongolia to check out before you arrive in Land of the Blue Sky.   

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Big names are moving into Mongolia

 

Mongolia, once a place whose very name conjured up images of isolation and deprivation has become one of the hottest new frontier market destinations for international and luxury brands in recent years, particularly those catering to higher income clients.

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Beyond the borders: Mongolia's multi-vectored foreign policy

Landlocked in Central Asia, Mongolia sits at a geopolitical crossroads. With Russia to north and China to the south, it must find a way to take advantage of its resource wealth and strategic location without sacrificing economic independence to its bigger neighbours.

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Mongolia 2018 Q3 Update

Key updates

  • Strong growth of 6.3% for the first half of 2018

  • Joint declaration between the Government of Mongolia and the Millennium Challenge Corporation (MCC) of the US on 350 million USD Second Compact to address Ulaanbaatar’s water supply
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Balancing the books: S&P upgrades Mongolian sovereign credit rating

Standard & Poor’s upgraded their rating for Mongolian sovereign debt from ‘B-’ to ‘B’ with a stable outlook. The news echoes wider confidence that IMF-led reforms and stronger commodity prices have put government finances back on an even keel. S&P is the third ratings agency this year to upgrade their Mongolia outlook, behind Moody’s and Fitch.

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Asian Development Bank revises Mongolia growth outlook for 2018

The Asian Development Bank (ADB) has revised their projected growth statistics for Mongolia in 2018 and 2019. The forecast for this year was raised to 6.4%, significantly higher than the previous estimate of 3.8%. This momentum is expected to continue into 2019, with the ADB upping their forecast from 4.3% to 6.1%. The announcement underscores growing investor confidence in the country, and echoes a wider consensus that an economic rebound is firmly underway.

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Risks and considerations when investing in property abroad

Finding the right city to invest in is the key. Do not restrict yourself to the area in which you live in.

International property investments are being considered as an additional investment product for many investors around the world.

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