Frontier LLC has attended "Investment Policy Review of Mongolia" Conference jointly hosted by Ministry of economic Development and UNCTAD on March 26, 2013 in Ulaanbaatar. The conference was held at a very good timing because investment environment in Mongolia is deteriorating so rapidly that some measures should be taken as soon as possible. Speaking on the contents of the conference, UNCTAD has emphasized the importance of diversification (Sector, geographical and source country). Frontier LLC totally agrees with the idea of UNCTAD as its long term goal. However, the short term problems are so critical that Mongolia should ironically, increase the dependence of mining sector especially exporting coal and copper to China at this particular moment. In any case, we DO hope that the Government will ACT now to increase FDI.
Otherwise, Mongolia may face another difficulties of what happened in 2009 when they had to ask support from IMF.
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