Эрдсийг эрдэнэст
Ирээдүйг өндөр хөгжилд
Mining The Resources
Minding the future

“We lack social consensus and refuse political consensus, leading to defamation and destruction of Mongolian democracy.”

“We lack social consensus and refuse political consensus, leading to defamation and destruction of Mongolian democracy.”
R.Amarjargal, DP MP.

“2014 will be the decisive year to craft a State that is research-based, service-oriented and ruled by law.”
Ts. Elbegdorj, President.

“After a year and a half of some very negative and unfortunate surprises, we see ample evidence to expect that 2014 will be a good deal better for Mongolia than most think. The election cycle, which is counter cyclical and typically negative for the economy, is now behind us and the government has moved to a firmly pro FDI disposition.”

“Mongolia is facing an uncertain external environment. Advanced economies will eventually exit from the very supportive monetary policies implemented in recent years. China’s economy is expected to rebalance away from a mostly investment-based growth model toward a more consumption-based growth model. Both these factors are bound to have major spillovers globally and especially in the region.”
The Executive Board of the International Monetary Fund (IMF).

“Good bilateral relations with neighbours and the advantages of being near the China market will benefit the long-term development of Mongolia and significantly make up for the adverse impact of insufficient national management ability and unstable policies.”
Dagong Global Credit Rating Co.

“Just like others, we do make mistakes. There have been times when we disappointed the investors. But because we are open, we can correct the mistakes and fix the problems. Now, because of our knowledge, because of our cooperation with investors, and because of our responsiveness, we will bounce back.”
Ts. Elbegdorj, President.

“The government can do whatever it wants on the legislative side, but we need to see a bit of a spark to get the economy back on track. Issuing new debt is not going to fix the economy in the long run and investors would like to see some more legislative stability.”
Chris MacDougall, of Mongolia Investment Banking Group.

“Parliament is in crisis because of lack of consensus and understanding. The Government is doing whatever it pleases and Parliament completely lacks the capacity to control it. The two have become like a husband and wife whose passions have taken them to separate ways.”
Ts.Nyamdorj, MPP MP.

“Repeated acts of irresponsibility by the MPP are sabotaging Parliament’s work. It is constantly obstructionist, putting brakes on import substitution, increase of exports and establishment of processing industries.”
D.Erdenebat, DP leader.

“To suggest that Mongolian journalists and editors aren’t eager for change is not only unfair, but inaccurate. Labelling the running of the McDonald’s story as corruption across the board trivializes the real stories of corruption in Mongolia, stories that call for serious attention.”
Michelle Borok.

“Nowadays, people in Mongolia follow the money, and so do, regrettably, media and journalists.”
Friedrich Ebert Stiftung
(a German foundation that works for democratic values globally).

“Mongolia is not so different from other developing countries.Every minister wants control over investments in the sectors they oversee.”
D. Jigjidmaa, of the World Bank’s International Finance Corp.

“By 2030, Mongolia will become one of the three richest countries in Asia by GDP per capita after Singapore and Japan.”
Alisher Ali, of Silk Road Finance.

“Everybody in my country has started to acknowledge that without FDI, without technology, without know how and without good experiences… Mongolia has no way to prosper.”
Ch.Saikhanbileg, Head of Cabinet.

“I think the more likely scenario is the Mongolian government will secure some limited agreement on project costs, although one that would give Turquoise Hill some wiggle room in case of unforeseeable circumstances that could add to the costs, such has already happened.The fact that Turquoise Hill surpassed projected first-phase costs by about $2 billion, shows something unexpected happened, or those working on the estimate didn’t do an accurate survey of the overall costs.”
Gary Bourgeault, in Seeking Alpha.

“If you look back at 2012 or 2011, a number (of managers) were courting Mongolia. There was a huge amount of exuberance and enthusiasm. Almost all of them have packed up and left. This was just short-term thinking, as it may take at least 10 years to pay off. Investors in any emerging market or frontier need to consider that.”
Travis Hamilton, of Khan Investment.

 “Mongolia’s oppressed class is the private sector.”
Ts. Elbegdorj, President.