231.3 million USD of FDI invested in Mongolia
This May, foreign direct investment (FDI) totaling 231.3 million USD was invested in Mongolia an increase from the previous month’s FDI.
However, FDI in 2013 is still lagging behind last year’s numbers. According to preliminary performance in May, FDI fell by 36 percent compared to May, 2012. As of May, 2012, FDI of 1.8 billion USD was invested in Mongolia, while this year, FDI in Mongolia only reached 1.2 billion MNT since January 1.
Analysts believe the increase occurred as an amendment on the Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance was made into law. Though FDI slowed, economists say that according to statistical indicators, it will recover in the near future.
Mongolia’s investment in foreign countries was equal to 4.9 million USD as of the first half of this year.
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