Targeted Reforms Could Unlock New Private Investment and Jobs in Mongolia’s Cashmere, Energy, and Critical Minerals Sectors

https://www.worldbank.org/en/news/press-release/2026/09/10/targeted-reforms-could-unlock-new-private-investment-and-jobs-in-mongolia-s-cashme ULAANBAATAR, September 10, 2026 — Over the past three decades, Mongolia has significantly reduced poverty and tripled GDP per capita, reaching upper-middle-income status in 2024. Building on these achievements, the Government has prioritized private sector-led economic diversification to foster more sustainable investment, productivity growth, and job creation.