Executive summary

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.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure