ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

What the IMF's return means for Mongolia

 (placeholder image)
Storm clouds hang low over the Oyu Tolgoi mine in Mongolia's South Gobi region.   © Reuters

The story of Mongolia's relationship with the International Monetary Fund is a tale of geopolitics, local greed, mismanagement and uneasy ties with Chinese and Western investors. The return of the IMF to Ulaanbaatar is a harsh wake-up call for Mongolians and investors alike.

Mongolia's budget deficit is set to reach 20% of gross domestic product this year, and around $2 billion in public and private debt is scheduled to come due next year. With the Mongolian economy on its knees, Chinese creditors are making a case for greater investment concessions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more