Mongolia aims to direct mineral royalties into a National Wealth Fund to share resource wealth broadly—success depends on strong execution.

As trust in institutions erodes, Mongolia weighs reforms to protest and media laws—seeking balance between safeguarding rights and public order.

Mongolia’s economy stands at a precarious crossroads. Headline GDP growth remains robust, but beneath the surface, inflation is accelerating and the Tugrik is weakening at a rapid pace. A temporary lift in export earnings has done little to mask deepening structural and fiscal vulnerabilities that demand urgent policy action. Inflation remains entrenched above 9%, far from the Bank of Mongolia’s 5% ±2 percentage point target by 2027.