Financing Mongolia's Mineral Growth

Bibliographic Data

ID4106352
AuthorsKhashchuluun Chuluundorj (1 National University of Mongolia Ulaanbaatar Mongolia [email protected], corresponding author), Enkhjargal Danzanbaljir (2 Bank of Mongolia London [email protected])
Year2014
Volume16
Issue2
Pages275-300
Publication date2014-12-10
Open AccessNo
TypeARTICLE
VenueInner Asia (JOURNAL)
Journal identifiersISSN: 1464-8172 • E-ISSN: 2210-5018
PublisherWalter de Gruyter GmbH (PUBLISHER • DE)
DOI10.1163/22105018-12340019
OpenAlexW1988192645
LanguageEN
Citations received5
References cited1

Mongolia's high economic growth based on abundant mineral resource in recent years is a welcome story in today's world economic situation. This has been fuelled by massive commodity demand from Chinese, Korean, Japanese and Russian heavy industries. However, the growth and progress of the financial sector has not been able to catch up with this high-speed mineral growth and therefore a pivotal policy reform is needed in the financial sector and this should be implemented by the Government together with the financial community. This paper considers a number of key questions: What can the Central Bank, Financial Regulatory Commission and other financial institutions do to meaningfully increase domestic financial services for the mining sector? Are current programmes and policies making a difference? Is there any model country for Mongolia in this matter for improving its laws and institutions? Is there any option other than fdi for financing the extraction of Mongolia's vast mineral resources

Business · Commission · Commodity · Economics · Financial sector · Financial system · Foreign direct investment · Natural Resources and Economic Development · Rangeland Management and Livestock Ecology · Russia and Soviet political economy · Finance

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