Mongolia Future Heritage Fund Looks to Get Funding for 2019

Posted on 09/28/2018

Mongolia’s economy is heavily dependent on mining and commodity exports. The Mongolian government plans to extract 553 billion Mongolian tugrik (US$ 217.3 million) from its resource revenues into a fund called “Future Heritage” in 2019. Afterward, one trillion Mongolian tugrik (US$ 392.9 million) will be transferred into the sovereign wealth fund every year, according to […]