With copper and coal production increasing and global copper prices remaining strong, Mongolia is likely to see even higher revenues ahead. This policy brief explores how current resource management will shape the path toward stable and inclusive economic growth.
Despite establishing multiple funds since 2007, Mongolia has historically squandered its mining wealth through short-term spending, political interference, and frequent rule changes. The newly created Chinggis Khaan SWF marks another attempt to convert resource revenues into long-term national prosperity.
This brief argues SWFs alone are not enough – stronger fiscal discipline, greater local participation in mining, and broader economic strategies are essential if Mongolia is to use this limited window of opportunity to build lasting development.
