World Bank2017-08-292017-08-292008-01-28https://hdl.handle.net/10986/28092Real Gross Domestic Product (GDP) growth rate was 9.9 percent in 2007. Economic growth has been primarily driven by agriculture (which contributed 3.4 percentage points to economic growth), and services (which contributed 4.3 percentage points). In the agriculture sector, the December 2007 annual livestock census reported an increase of 15 percent of livestock from 34.8 to 40.3 mln livestock, with the number of goats, sheep and cattle increasing by 18, 15 and 14 percent respectively. While most of the foreign direct investment (FDI) coming into Mongolia continues to go to mining, its value-added only grew by only 1.7 percent this year (mainly came from coal extraction). On the non-bank side, the financial regulatory commission has been making efforts to improve the legal and regulatory framework, however, its weak institutional capacity and resource constraints continue to be a major impediment in effective supervision. Several key laws relating to the financial sector need to be finalized. Efforts have been made towards resolving immediate issues relating to the closed savings and credit cooperatives, developing the insurance industry and developing a framework and institutions to develop the mortgage market. However, several laws and enabling regulation still need to put in place before benefits of increase in financial sector efficiency (lower cost of financing) can be fully realized.en-USCC BY 3.0 IGOACCOUNTINGALLOCATIVE EFFICIENCYAMORTIZATIONASSET QUALITYAUDITSBANKING SYSTEMBANKRUPTCYBANKRUPTCY PROCEDURESBINDING CONSTRAINTBINDING CONSTRAINTSBUDGET DEFICITBUSINESS ENVIRONMENTBUSINESS PLANNINGCAPACITY CONSTRAINTSCAPITAL ADEQUACYCAPITAL INVESTMENTCENTRAL BANKCOALCOMMERCIAL BANKSCOMMODITYCOMMODITY PRICESCOMPARATIVE ADVANTAGECONSUMER DEMANDCONSUMER PRICE INDEXCORPORATE GOVERNANCECORPORATE TAXCOST OF CAPITALCPICREDIT BUREAUCREDIT COOPERATIVESCREDIT GROWTHCREDIT REPORTINGCREDIT RISKCREDIT RISK ASSESSMENTCREDIT RISK ASSESSMENTSCREDIT RISKSCREDITORSCREDITWORTHINESSCURRENCYDEBT MANAGEMENTDEBT RATIOSDECISION MAKINGDEFICIT FINANCINGDEPOSITDEPOSIT RATESDEPOSITORSDEPOSITSDEVELOPING COUNTRIESDISTORTIONARY TAXESDISTRIBUTION OF WEALTHDIVIDENDDOMESTIC BANKINGDOMESTIC INFLATIONDOMESTIC PRODUCTSDURABLEDURABLE GOODSECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC REFORMSENDANGERED SPECIESENERGY RESOURCESENVIRONMENTALENVIRONMENTAL COSTSENVIRONMENTAL DEGRADATIONENVIRONMENTAL MANAGEMENTEQUIPMENTEXCHANGE RATEEXCHANGE RATE REGIMEEXPENDITUREEXPENDITURESEXPLOITATIONEXPORTERSEXTERNAL DEBTEXTERNAL TRADEFARMSFINANCIAL DISCIPLINEFINANCIAL INSTITUTIONSFINANCIAL PERFORMANCEFINANCIAL PRODUCTSFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SYSTEMFISCAL DEFICITFISCAL POLICYFLOATING EXCHANGE RATEFOOD PRICEFOOD PRICESFOOD PRODUCTIONFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN TRADEFORESTRYGLOBAL ECONOMYGOVERNMENT POLICYGOVERNMENT REVENUESGOVERNMENT SUPPORTGROWTH RATEHUMAN CAPITALHUMAN DEVELOPMENTHUMAN RESOURCEINCOMEINCOME LEVELSINCOME TAXINDIVIDUAL FIRMSINFLATIONINFLATION RATEINFLATION RATESINFLATIONARY PRESSURESINFORMATION TECHNOLOGYINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTSINSTITUTIONAL CAPACITYINSTRUMENTINSURANCEINSURANCE INDUSTRYINTEREST PAYMENTINTEREST RATEINTEREST RATE DIFFERENTIALSINTEREST RATESINTERNAL CONTROLINTERNATIONAL BEST PRACTICESINTERNATIONAL RESERVESINTERNATIONAL STANDARDSINVESTINGINVESTMENT CLIMATEINVESTMENT DECISIONSINVESTMENT PROJECTSINVESTOR CONFIDENCEJOB CREATIONLABOR COSTSLABOR FORCELABOR MARKETLACK OF TRANSPARENCYLIBERALIZATIONLIQUIDATIONLIVESTOCK SUPPORTLOANLOAN GUARANTEESLOW-INCOME COUNTRIESMARKET CAPITALIZATIONMARKET CONSTRAINTSMARKET DEVELOPMENTSMARKET DISTORTIONSMARKET ECONOMYMARKET MECHANISMSMIDDLE-INCOME COUNTRYMONETARY AUTHORITIESMONETARY POLICYMONEY LAUNDERINGMONEY SUPPLYMORTGAGEMORTGAGE MARKETNATIONAL DEVELOPMENTNATIONAL SAVINGSNATURAL RESOURCESNEW PRODUCTSNON-PERFORMING LOANOILOIL PRICEOIL PRICESPENSIONPENSION FUNDPENSIONSPOLICY RESPONSEPOLITICAL ECONOMYPORTFOLIOPORTFOLIO QUALITYPORTFOLIOSPRESENT VALUEPRICE INDEXESPRIVATE INVESTMENTPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPRODUCTION PROCESSESPRODUCTIVE INVESTMENTPROFIT MARGINSPUBLIC DEBTPUBLIC EXPENDITURESPUBLIC GOODSPUBLIC INVESTMENTPUBLIC INVESTMENTSQUALITY STANDARDSRED TAPEREGULATORY FRAMEWORKREGULATORY SYSTEMSREPAYMENTRESERVESRESOURCE USERETURNSRISK EXPOSURERISK MANAGEMENTSECURITIESSECURITIES MARKETSHARE OF EQUITYSOCIAL DEVELOPMENTSSOFT LOANSSTOCKSSUPPLY SHOCKSUSTAINABILITY ANALYSISSUSTAINABLE GROWTHTAXTAX RATETAX RATESTAX REGIMETAX REVENUETAX SYSTEMTAX SYSTEMSTAX TREATMENTTELEPHONE LINETERMS OF TRADETRADE BALANCETRADE DEFICITTRADE UNIONSTRADEOFFSTRADINGTRANSPARENCYTRANSPARENCY INITIATIVETREASURYTURNOVERUNEMPLOYMENTURBANIZATIONWAGESWATER POLLUTIONWITHHOLDING TAXWORLD DEVELOPMENT INDICATORSReportWorld Bank10.1596/28092