The Role of the State in Mongolia’s Mining Sector
Mining dominates the Mongolian economy, already accounting for some 80 percent of exports and contributing a quarter of gross domestic product (GDP). In July 2020, the newly elected government reaffirmed its commitment to bring into production more...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
Washington, DC
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099440103302228061/P173631074c7de069090eb01f85e276b405 http://hdl.handle.net/10986/37298 |
| id |
okr-10986-37298 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-372982022-04-14T05:10:31Z The Role of the State in Mongolia’s Mining Sector World Bank MINING SECTOR STATE OWNERSHIP OF MINES MINING ROYALTIES SOE LAW STATE OWNED ENTERPRISE LAW Mining dominates the Mongolian economy, already accounting for some 80 percent of exports and contributing a quarter of gross domestic product (GDP). In July 2020, the newly elected government reaffirmed its commitment to bring into production more of Mongolia’s mineral deposits and to process minerals locally instead of exporting them. Its objectives are to boost government revenues, retain more value in-country, and create conditions for more diversified economic growth in the future. Further commercial development of Mongolia’s mineral resources, for which substantial financing will be required, faces several challenges. The challenges and opportunities identified confront the government as it seeks to advance mining sector “megaprojects.” Careful consideration of the role that the government plays as owner of mineral resources is central to more optimal development of the mining sector and the government’s approach to mobilizing finance. As recommended in the World Bank’s Policy Notes(July 2020), the government may need to develop a more effective strategy to allocate scarce public funds and mobilize fresh private capital to support development of the mining sector. The purpose of this analysis is to prompt an open debate based on policy evidence derived from robust analysis of options and trade-offs that can lead to an actionable reform agenda. 2022-04-13T16:09:35Z 2022-04-13T16:09:35Z 2021 Report http://documents.worldbank.org/curated/en/099440103302228061/P173631074c7de069090eb01f85e276b405 http://hdl.handle.net/10986/37298 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research East Asia and Pacific Mongolia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MINING SECTOR STATE OWNERSHIP OF MINES MINING ROYALTIES SOE LAW STATE OWNED ENTERPRISE LAW |
| spellingShingle |
MINING SECTOR STATE OWNERSHIP OF MINES MINING ROYALTIES SOE LAW STATE OWNED ENTERPRISE LAW World Bank The Role of the State in Mongolia’s Mining Sector |
| geographic_facet |
East Asia and Pacific Mongolia |
| description |
Mining dominates the Mongolian
economy, already accounting for some 80 percent of exports
and contributing a quarter of gross domestic product (GDP).
In July 2020, the newly elected government reaffirmed its
commitment to bring into production more of Mongolia’s
mineral deposits and to process minerals locally instead of
exporting them. Its objectives are to boost government
revenues, retain more value in-country, and create
conditions for more diversified economic growth in the
future. Further commercial development of Mongolia’s mineral
resources, for which substantial financing will be required,
faces several challenges. The challenges and opportunities
identified confront the government as it seeks to advance
mining sector “megaprojects.” Careful consideration of the
role that the government plays as owner of mineral resources
is central to more optimal development of the mining sector
and the government’s approach to mobilizing finance. As
recommended in the World Bank’s Policy Notes(July 2020), the
government may need to develop a more effective strategy to
allocate scarce public funds and mobilize fresh private
capital to support development of the mining sector. The
purpose of this analysis is to prompt an open debate based
on policy evidence derived from robust analysis of options
and trade-offs that can lead to an actionable reform agenda. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The Role of the State in Mongolia’s Mining Sector |
| title_short |
The Role of the State in Mongolia’s Mining Sector |
| title_full |
The Role of the State in Mongolia’s Mining Sector |
| title_fullStr |
The Role of the State in Mongolia’s Mining Sector |
| title_full_unstemmed |
The Role of the State in Mongolia’s Mining Sector |
| title_sort |
role of the state in mongolia’s mining sector |
| publisher |
Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099440103302228061/P173631074c7de069090eb01f85e276b405 http://hdl.handle.net/10986/37298 |
| _version_ |
1764486858691051520 |