Economy of Mongolia

The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits for a large part of industrial production. Quotes Our (Mongolia) economy is relatively small, but the insiders gained an advantage by using their political influence to get privileged access to all the public funds, investment, land permits. Khishgeegiin Nyambaatar (2023) cited in: "Mineral-rich Mongolia is steeling itself for democratic change" in The Guardian, 10 July 2023. Mongolia is rich in energy resources, but economic progress has been stifled for 34 years due to a lack of energy transition. We are now addressing this gap with a series of reforms, and the results are beginning to show. Togmidyn Dorjkhand (2024) cited in: "Major energy reforms presented" in The UB Post, 11 December 2024. External links Mongolia Category:Mongolia