Financing Mongolia’s Mineral Growth
In: Inner AsiaSearch for other papers by Khashchuluun Chuluundorj in
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Search for other papers by Enkhjargal Danzanbaljir in
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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?
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Financing Mongolia’s Mineral Growth
In: Inner AsiaSearch for other papers by Khashchuluun Chuluundorj in
Current site
Google Scholar
PubMed
Search for other papers by Enkhjargal Danzanbaljir in
Current site
Google Scholar
PubMed
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?
| All Time | Past Year | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 864 | 101 | 3 |
| Full Text Views | 264 | 14 | 2 |
| PDF Views & Downloads | 60 | 16 | 0 |