Mongolia: Asian Development Bank Member Fact Sheet 2018

Abstract

In 2018, Mongolia’s economic recovery continued due to comparatively high commodity prices and sustained foreign direct investment in mining. This sustained growth, along with specific government measures, helped ease debt accumulation and banking sector vulnerabilities—but poverty and inequality remain high in the country. Providing targeted social protection, building economic buffers, and taking steps to diversify the economy are essential to ensure inclusive and resilient economic growth and poverty reduction.