Outward bound. (attracting foreign investments to Mongolia)(includes interview with Prime Minister Ts. Elbegdorj) From: The Banker | Date: June 1, 1998| Author: Timewell, Stephen | COPYRIGHT 1998 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Mongolia is looking for foreign investors as it tries to rise from the economic devastation brought about by the lost of its primary trading partner, the former Soviet Union. Industrial and financial restructuring has been ongoing since the election of a new government in 1996. Of particular interest are the reforms in the banking sector with the promulgation of a new banking law that strengthened and boosted the confidence in the industry.

Mongolia has one of the most isolated econom...

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