AmCham Mongolia’s Position Paper on Aligning Corporate Transparency with International Standards & Practices

Through its Financial Services Committee, AmCham Mongolia has developed this policy paper on Corporate Transparency and Financial Reporting. The main purpose of the policy paper is to make proposals and provide inputs for an improved reporting of corporate institutions about their performance, strategy, shareholders, sustainability and other issues considered in international standards and best practices, especially for publicly listed companies in Mongolia. The content of this document has been prepared by members of AmCham Mongolia’s Financial Service Committee and primarily authored by Jelena Pesic (PwC) and Evaldas Grendas (EY) under the responsibility of Erik Versavel (ING) Chairman of the Financial Services Committee. All Amcham members were given the opportunity to comment on the final version. All rights to this publication remain with AmCham Mongolia. Any part of the report may be freely reproduced with the appropriate acknowledgement. AmCham Mongolia’s Position Paper on Aligning Corporate Transparency with International Standards & Practices   [...]

AmCham Mongolia's Position Paper on Asset Classification and Provisioning

AmCham's Financial Services Committee seeks to initiate the policy process for alignment of regulatory and financial reporting, asset classification and provisioning through adoption of International Financial Reporting Standard 9 as single standard supported by enhanced transparency through mandatory disclosure of audited financial statements for banks, other financial institutions and corporate entities in Mongolia. AmCham Mongolia's Position Paper on Asset Classification and Provisioning [...]

Addressing the Misuse of Exit Bans in Mongolia: Lessons Learnt and Ways Forward

The recent boom and bust cycle of the mining industry led to a record increase of FDI and an influx in the number of international executives establishing businesses in Mongolia. However, policy missteps of the government combined with the decline of global commodities’ prices led to a significant decline in FDI and withdrawal of investors. AmCham Mongolia Notes on Exit Ban_EN AmCham Mongolia Notes on Exit Ban_MN [...]

AmCham Mongolia's Position Paper on Renewable Energy Sector

The American Chamber of Commerce (AmCham) in Mongolia recognizes that the minerals resources sector is the backbone of Mongolia’s economy and this is not expected to change anytime soon. However, economic diversification is vital to Mongolia’s long-term economic growth whereby the energy sector, in particular the renewable energy, will play a critical role.

AmCham Mongolia's Position Paper on Renewable Energy Sector 

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AmCham Mongolia's Position Paper on Agriculture Sector Development

AmCham Mongolia supports the Government’s vigorous efforts towards economic diversification. Improving the competitiveness of the agricultural sector, a pillar of Mongolia’s economy, is of critical importance to Mongolia’s economic diversification.  AmCham Mongolia has developed this position paper, including a set of policy recommendations, to encourage such improvements.

AmCham Mongolia's Position Paper on Agriculture Sector Development [...]