Mongolia Growth Rate May Sink by One-Third, Central Banker Says - Businessweek: "“It’s a reality check for us,” Naidansuren Zoljargal said in an interview with Bloomberg Television in Hong Kong today, saying that the pace of expansion may be a “very healthy” 11 to 12 percent.
Standard & Poor’s yesterday revised down its outlook for Mongolia’s debt rating to stable from positive, citing increased risks of volatility in an underdeveloped economy. The World Bank said in February that the nation should guard against “another boom-and-bust cycle,” while foreign investors are concerned after Rio Tinto Group said it was asked to renegotiate a deal for a $6 billion mine."
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Standard & Poor’s yesterday revised down its outlook for Mongolia’s debt rating to stable from positive, citing increased risks of volatility in an underdeveloped economy. The World Bank said in February that the nation should guard against “another boom-and-bust cycle,” while foreign investors are concerned after Rio Tinto Group said it was asked to renegotiate a deal for a $6 billion mine."
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