Brian Fisher presents the results from BAE’s economic assessment of the impact of the proposed new mineral law on the Mongolian economy to the Business Council of Mongolia in Ulaanbaatar. The conclusions drawn are that, if the law were to be introduced in its current draft form, Mongolia would suffer a reduction in average GDP growth, exports, real private household consumption and government revenue when compared to the economy under current policy. The proposed law and further uncertainty in the investment environment would severely dampen international investment in Mongolia and have long term detrimental effects on growth.
This presentation can be viewed at: http://www.baeconomics.com.au/wp-content/uploads/2013/05/Economic-Assessment-of-Draft-Mineral-Law-28May13.pdf
And is also available in Mongolian: http://www.baeconomics.com.au/wp-content/uploads/2013/03/Economic-Assessment-of-Draft-Mineral-Law_Mongolian-version-18Mar13.pdf