Mongolia tax cuts gain momentum as inflation cools—but weak investment, SOEs, and politics raise risks beneath the surplus.

Oyun-Erdene’s fall, Zandanshatar’s rise, factional strife, Oyu Tolgoi, fiscal shocks and the forces reshaping Mongolia in 2025.

Mongolia’s political stability is under strain as fiscal gaps, tax arrears and fuel shortages turn 2025 growth into risk.

Oyu Tolgoi is no longer just a mine. It has become a political instrument, as debt, delayed dividends and election timing collide just as the project enters full production.

Uchral elected chairman of the MPP after a managed succession that exposes deep party fractures and reshapes Mongolia’s political landscape.

Infighting, corruption charges, and factional splits turn MPP's Congress into a decisive test of Mongolia's ruling party unity.