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Coal’s Collapse Forces Mongolia to Rethink Its Mega-Project Ambitions

  • Amar Adiya
  • Jul 9
  • 3 min read

Just a year ago, Mongolia’s government was riding high on the back of record commodity prices, touting a bold “14 mega-projects” agenda to transform the country’s infrastructure and economy.

Mongolia map split in half; left side light gray with "14 МЕГА" in blue, right side dark blue with "төсөл" in yellow. Mongolia mega project

That ambitious blueprint, promising everything from mineral refineries to hydropower dams, was deemed so essential that it prompted the ruling Mongolian People's Party to form an unprecedented coalition with its rivals after the 2024 election, specifically to secure political consensus for its rapid implementation.

Today, that vision has collided with harsh fiscal reality.

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