The World Bank has forecast that Mongolian economic growth in 2016 will be just 0.1%. This is slightly below the recent Asian Development Bank (ADB) forecast of 0.3%. International analysts explain the sluggish forecast as a reflection of the fall in the export of raw materials and weak debt control. In 2015 Mongolian economic growth stood at 2.3%.

The World Bank warns that Mongolia is at risk of ‘debt distress’ because of its mounting external debts, declining foreign investment, diminished mining revenues and looming debt repayments. The Mongolian Government will begin debt repayments in 2017. The current balance of payment deficit has increased following the fall in foreign currency reserves. Therefore, as international analysts have suggested, Mongolia needs to implement robust and secure regulation as well as provide budgetary and macro-economic stability. The slowdown in the Mongolian economy has been compounded by poor decisions on  budgetary and monetary policy resulting in macro-economic negatively; in addition the  Mongolian Central Bank has financed expenses beyond budget, government debts and the rate of the Tugrik.