Economic gods may be smiling again at Mongolia

December 15, 2016 10:00 am JST

Despite debt downgrade, IMF-led bailout looks realistic as commodities bottom out

KEN KOYANAGI, Editor-at-large, Nikkei Asian Review

TOKYO -- The international financial community's confidence in the Mongolian government's capability in delivering reforms and debt services seems to be ameliorating after a long slump. That was an impression left by an investment-promotion conference held in Tokyo last week, attended by representatives of foreign lenders and investors as well as officials at the country's central bank and legislature.