FDI IN MONGOLIA REACHES USD 178.1 MILLION

Ulaanbaatar /MONTSAME/ Foreign direct investment (FDI) inflow in Mongolia averaged USD 178.1 million as of April 2017, which was down by 39 percent compared to the same period of last year. As for the FDI outflow from Mongolia, it increased by 15 percent to USD 4.4 million. The net flow amounted to USD 173.8 million, which is 40 percent less than last year. Bank of Mongolia informed that the Balance of Payment showed USD 75.2 million surplus at the end of April. The Minister of Finance previously stated “By joining the International Monetary Fund’s Extended Fund Facility financial arrangement, basic economic and fiscal conditions, such as the growth of foreign investors’ confidence, increased future investments, improved credit rating and decreased interest expense are expected”. Therefore, the FDI is expected to grow in the future. Within the framework of the IMF Extended Fund Facility program, the Bank of Mongolia has received the first stage deposit of USD 38.6 million in May. Source: bloombergtv.mn B.Tugsbilig