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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Mongolia mulls sovereign wealth fund

Posted on 28 January 2014

Mongolia is mulling a plan to use its mounting income from the mining sector to establish a sovereign wealth fund. An apparent reaction by the president to concern that the country is not leveraging that revenue to the benefit of the wider population, the fund would be used to promote long-term economic development.
President Tsakhia Elbegdorj’s bill on launching the “Treasury Fund”, was discussed in the President’s Civil Hall on January 24, UB Post reports. Presidential Advisor Luvsandash Dashdorj criticised the government’s lack of a “clear system and policy” to handle the income from Mongolia’s rising raw materials exports……………………………………….Full Article: Source


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