Mongolia Public Sector Management Fact Sheet

Abstract

Mongolia’s economic growth performance in the period following its transition to a centrally planned economy in 1991 has rivaled that of its fellow transition economies, despite its land-locked geography, lack of product diversity for international trade, and vulnerability of its agricultural production and livestock. Its initial growth performance was, however, compromised by several structural constraints, including legal impediments to the transition process and the growing size and increasing inefficiencies of the public sector.