OECD UPGRADES MONGOLIA’S COUNTRY RISK CLASSIFICATION

The Organisation for Economic Co-operation and Development (OECD) upgraded Mongolia’s credit risk rating on June 27, 2025, during its latest review of Country Risk Classifications. The rating was raised from the highest-risk level of 7/7 to 6/7.

This notable upgrade reflects increased international confidence in Mongolia’s economic resilience and creditworthiness, strengthening the country’s reputation in global financial markets. It is expected to improve access to foreign investment and lower financing costs for both the government and the private sector.

Of more than 40 countries reviewed during the session, only three saw changes to their risk classifications. Mongolia was the only country to receive an upgrade. This positive shift is particularly significant amid ongoing global geopolitical tensions, trade disputes, and economic uncertainty—signaling investor recognition of Mongolia as a stable and trustworthy partner.

The Country Risk Experts’ Group, which determines these classifications, operates independently and free from political influence. Its assessments are based on key indicators such as economic fundamentals, political risk, fiscal discipline, debt management, and macroeconomic policy stability. Evaluations follow internationally recognized models and standards.

Mongolia’s upgraded classification paves the way for more favorable financing conditions from Export Credit Agencies (ECAs) of OECD member countries and international financial institutions. In particular, the premium on credit risk is expected to decrease by 3 to 6 percentage points, reducing the cost of medium- and long-term export financing for Mongolia.

Resource: Ministry of Finance