Prime Minister Erdenebat’s government appears to be addressing many of the issues listed in the US Embassy’s 2016 “Investment Climate Statement,” which was released this past summer after the June elections. As US Ambassador Jennifer Z. Galt stated in remarks on September 22, “The new government has acted quickly both to publicly define problems and to address them.” Ambassador Galt noted that “Government leaders have met with investors and vowed to correct missteps that contributed to Mongolia’s economic decline.” This annual review of the investment climate is issued by every American embassy around the world for each host country, as required by Congress. The 2016 version on Mongolia, like its predecessors, is a succinct and accurate discussion of challenges to FDI, and is well worth reading.
For the full text of the 2016 Investment Climate Statement, click HERE
