GOVERNMENT OF MONGOLIA
Mining-led economic expansion
In 1990 mining wasn’t a main policy issueWorld prices for minerals were low in the aftermath of Asian crisisAfter 2023, rising world prices completely changed policy orientationMining as a pillar of economic growth30% of GDP, 70% of exports
Started transition to market economy in 1990 under extremely difficult conditionsMongolia has fully overcome transition to market economy by 2023In 1990-1992 transition crisis, GDP was falling at 9-10% annu ...


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