We Interviewed Dr. Khashchuluun Ch., an economic expert, leads the team preparing Mongolia's macro-economic outlook report for the upcoming Hurungutun Forum.

We Interviewed Dr. Khashchuluun Ch., an economic expert, leads the team preparing Mongolia's macro-economic outlook report for the upcoming Hurungutun Forum.

Q: How does Mongolia's macro-economic outlook appear?

A: Mongolia's macro-economic outlook is robust, showcasing strengthened economic independence with currency reserves exceeding 5 billion USD. The economy sustains a 7% growth rate, achieving historic highs in exports and state revenues. Anticipated growth in the mining sector indicates a sustainable demand for raw materials. Mongolia's mineral wealth is projected to endure for centuries, supported by enhanced transportation efficiency from recent railway developments, presenting opportunities for various industries and regional development.

Q: What economic strategies does Mongolia employ?

A: Mongolia's economy has quadrupled since 2008, transitioning to a democratic, free-market system. The "National Development Comprehensive Policy," initiated during the 2007 global crisis, focuses on leveraging national resources for economic sovereignty. Mongolia excludes state-owned companies from strategic ventures, fostering foreign investment. State budget revenues have reached 29 trillion tugrik, with major projects underway, aiming for self-sufficiency in essential sectors like food, energy, and petroleum.

Q: What lies ahead as Mongolia's next challenge?

A: The next challenge for Mongolia is global engagement. Despite a small population, Mongolia seeks to tap into the global market by integrating financial and technological industries. Diversification beyond domestic markets is crucial for Mongolian enterprises to succeed globally.