Improving Management of Natural Resource Revenues in Mongolia

Mongolia’s economic fortunes are closely tied to the performance of its major commodities, especially those in the mineral sector. As a result of commodity dependence, the economy is exposed to boom and bust cycles. This policy note draws on the experience of other countries to offer solutions toward a more resilient and sustainable economy. The recommendations focus on strengthening public financial management and policy implementation as well as the need to foster greater economic diversification.