Mongolia is at the crossroads of Asia and offer’s plenty of investment opportunities for foreigners.
That was the sales pitch offered by the country's prime minister, Saikhanbileg Chimed, at a media luncheon held on Thursday as part of Credit Suisse’s 19th Annual Asian Investment Conference.
The geographically vast, demographically tiny north Asian country has had a rough time over the past two years. The vast majority of its gross domestic product is related to mining, principally for coal, copper and gold, but the commodity cycle’s plummet has crushed Mongolian export revenues and left the government with worryingly large deficits.
To secure its own financial...