Fiscal Stability Fund

Mongolia US$ 0.3 Billion Origin: Mining

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2011
Transparency Rating: n/a
View Sovereign Fund Transaction Data

Firm Investment Style: n/a
Entity Structure: Fund
Population Est.: 2.796 million – 2012

Fund Details

Strategy & Objectives

SWF Asset Allocation

Consultants and SPs

Key Executives and People


Main Office
Bank of Mongolia
Baga toiruu-3, 15160
Ulaanbaatar-46
Mongolia
Tel: 976-11-310633

Governance
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Summary
Mongolia’s Fiscal Stability Fund was created to promote fiscal stability, especially in the scenario of a global fall in non-oil commodity prices.

Background
In the beginning of 2000, the mining sector’s proportion of Mongolia’s export earnings was around the 55% range. That percentage jumped to 84% in 2008. Mongolia has envisioned the creation of a stabilization fund since the Fiscal Stability Law was passed in 2010. These laws were adopted following the aftermath of 2008-2009 balance of payments fiasco.

Accumulated revenue savings will be used during economic downturns.

Historical Assets Under Management[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]