As of November, 2018 a total of USD 1.5 billion foreign direct investment came into Mongolia. This is a USD 306 million increased compared to a year ago.

The balance of payments show that every month about USD 85-220 million foreign direct investment came into Mongolia. Majority of the FDI is to the “Oyu Tolgoi” project second level development investments. The Ministry of Finance calculated that about USD 1.3 billion of investment will be made to the “Oyu Tolgoi” project in 2019. Foreign direct investments had fallen to USD -400 million in 2016 but recovered and exceeded USD 1 billion in the past two years. Looking at a longer horizon, in 2011 and 2012 FDI reached record levels of USD 4.5 billion.

After the approval of the law on Investments in 2013, foreign direct investment environment improved according to economist Delgersaikhan J. However, the lack of stability in politics and policy is affecting investments negatively. Moreover, with increasing risks in the global economy, investments in developing countries could decrease according to analysts.

Source: BloombergTv.mn