The Government of Mongolia hopes international rating agencies will acknowledge the steps it is taking to structurally overhaul the economy with further upgrades to its B3B-B- rating this year.
The country’s finances have certainly come back from the brink over the past 12 months. The government started 2017 facing a looming sovereign bond default, but ended it with two successful liability management exercises to its name, plus a FinanceAsia accolade as Borrower of the Year.
But if 2017 was the year when events forced the recently-elected Mongolian People’s Party to adopt difficult measures, then 2018 will the one, which shows whether it...
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