Towards Sustainable Management of Natural and Built Capital for a Greener, Diversified, and Resilient Economy : Policy Note for Mongolia
Mongolia is endowed with rich natural resources, including its vast pastureland, unspoiled nature, and world-class mineral deposits. However, despite the strategic opportunities, Mongolia’s economy is characterized by its heavy reliance on mining,...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/894991596007778450/Policy-Note-for-Mongolia http://hdl.handle.net/10986/34272 |
| Summary: | Mongolia is endowed with rich natural
resources, including its vast pastureland, unspoiled nature,
and world-class mineral deposits. However, despite the
strategic opportunities, Mongolia’s economy is characterized
by its heavy reliance on mining, unsustainable exploitation
of natural resources, poor livestock farming, unplanned
urban development, and poor infrastructure connectivity with
associated urban congestion and higher cost of
infrastructure services. The COVID-19 (Coronavirus) pandemic
further exacerbates the challenges that Mongolia faces to
achieve its medium- and long-term goals. This policy note
identifies four key priority reform areas towards
sustainable management of natural and built capital for a
greener, diversified, and resilient economy. |
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