Strategic Investments to Transform Mongolia’s Trade Along the China-Mongolia-Russia Corridor
Strategic Investments to Transform Mongolia's Trade Along the China-Mongolia-Russia Corridor
The World Bank's report underscores the necessity for strategic investments and policy reforms to enhance Mongolia's international trade and logistics via the China-Mongolia-Russia Economic Corridor. It emphasizes improving railway efficiency, border operations, and increasing private sector involvement. These efforts are aimed at reducing Mongolia's dependence on mineral exports and fostering sustainable economic growth.
The study by the World Bank focuses on enhancing Mongolia's international trade and logistics through the China-Mongolia-Russia Economic Corridor (CMREC). This initiative addresses Mongolia's potential and the challenges it faces in utilizing its abundant mineral resources...