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Investment Policy Review - Mongolia

image of Investment Policy Review - Mongolia

Mongolia is a resource-rich country with formidable growth prospects. Having adopted a democratic system and a market economy, the country is today at a turning point, as the discovery of huge mineral resources could pave the way to rapid economic and social development. While many of the building blocks of such development are in place, further efforts are required to ensure that the revenues derived from the mining industry are used effectively and geared towards sustainable development. In this regard, the UNCTAD Investment Policy Review (IPR) of Mongolia focuses on how to attract and use foreign direct investment (FDI) and other forms of transnational corporation (TNC) involvement to foster economic diversification, which is recognized as fundamental to achieving inclusive growth and poverty reduction.

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Preface

The UNCTAD Investment Policy Reviews (IPRs) are intended to help countries improve their investment policies and to familiarize governments and the international private sector with an individual country's investment environment. The reviews are considered by the UNCTAD Commission on Investment, Enterprise and Development. The recommendations of the IPR are then implemented with the technical assistance of UNCTAD. The support to beneficiary countries is delivered through a series of activities which can span over several years.

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