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Economy

Goodbye volatility, hello steady growth, says Mongolia's finance chief

IMF is helping set the stage for years of 6-8% growth

Mongolian Finance Minister Choijilsuren Battogtokh (Photo by Shinya Sawai)

ULAANBAATAR -- Mongolia is promoting macroeconomic policies aimed at producing years of stable annual growth of 6-8%, Finance Minister Choijilsuren Battogtokh told the Nikkei Asian Review.

The Mongolian economy roared ahead at a world-beating 17.3% in 2011. Just five years later, however, growth nearly ground to a halt, expanding a mere 0.3%, according to the Asian Development Bank.

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