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