Goldman Sachs goes to Mongolia

Goldman Sachs invests in the Trade and Development Bank of Mongolia.

Goldman Sachs goes to Mongolia
Joe Biden also visited Mongolia recently, paving the way for US investment (AFP)

Goldman Sachs plans to acquire a 4.8% stake in the Trade and Development Bank of Mongolia TDB.

The investment is essentially a proxy for what Goldman Sachs thinks is going to happen in Mongolia. That’s worth watching because Goldman, after all, is well-known for chasing and capturing economic growth around the world. And what better way to cash in on a nation poised to grow than by investing in its banking industry

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