Facts on Mongolia EconomyIf you looking for independent data on current Mongolia and its economy you can do your research here. You can read my favorite lecturer Prof. Micheal Porter - Harvard University - Creating Mongolian Economic Strategy. This study was released on July 2008 and reflect many key issues that government would not necessary think it important.Also many International organizations and independent agencies provide accurate and regular information on Mongolia economy. For easy reference their Mongolia country pages are listed here.  Asian Development Bank - Central Asia - Mongolia ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Headquartered in Manila, and established in 1966, ADB is owned and financed by its 67 members, of which 48 are from the region and 19 are from other parts of the globe. ADB’s main partners are governments, the private sector, non government organizations, development agencies, community-based organizations, and foundations. In pursuing its vision, ADB’s main instruments comprise loans, technical assistance, grants, advice, and knowledge. Although most lending is in the public sector - and to governments - ADB also provides direct assistance to private enterprises of developing countries through equity investments, guarantees, and loans.  International Monetary Fund - Mongolia The IMF is an international organization headquartered in Washington DC, and established in 1944 consist of 185 member countries. The IMF performs three main activities:
 The European Bank for Reconstruction and Development – Mongolia The European Bank for Reconstruction and Development was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today the EBRD uses the tools of investment to help build market economies and democracies in countries from central Europe to central Asia. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatization, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.  United Nation - Asia Pacific Development In 1945, representatives of 50 countries met in San Francisco at the United Nations Conference on International Organization to draw up the United Nations Charter. The purposes of the United Nations, as set forth in the Charter, are to maintain international peace and security; to develop friendly relations among nations based on respect for the principle of equal rights and self-determination of peoples; to cooperate in solving international economic, social, cultural and humanitarian problems and in promoting respect for human rights and fundamental freedoms; and to be a centre for harmonizing the actions of nations in attaining these ends.  The World Bank in Mongolia The World Bank is made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD focuses on middle income and credit worthy poor countries, while IDA focuses on the poorest countries in the world. Together they provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Return from Facts on Mongolia to Mongolia Economy. Return from Facts on Mongolia to Canada Mongolia Connection.
|
