Within the last month, reputation of Mongolia in an international stock market has significantly increased. According to the Bloomberg and Mongolbank, share prices in the Oyutolgoi and Tavantolgoi mega projects have increased by 70 percent over this period. Moreover, a trading volume of government bonds has increased by 5 percent. In the meantime, the selling volume of bonds issued by the Trade and Dvelopment bank and Investment bank of Mongolia has also risen by 1 to 3 percent.
Based on these data, market analysts have concluded that a risk level of a bond for Mongolia has been reduced by 4 percent. Consequently, the volume of foreign investment has started to grow during the last 4 weeks in comparison with the first quarter. Based on this, analysts have predicted that by the end of the year over one bln dollars will be injected to the Mongolian economy.
Recent positive economic data for the last month is very important for restoring a confidence of investors. Mongolia has started to regain a trust of investors due to the fact that the Government is now acting seriously in order to promote its megaprojects.