Commodity companies extracting natural resources in Mongolia can offer huge opportunities to frontier investors look for contrarian calls, according to Thomas Hugger. Citywire AAA-rated Hugger, who runs the AFC Asia Frontier (Non-US) fund, told Citywire Selector the country was his top anti-consensus play at present. ‘We think certain natural resources have bottomed out and are

Mongolia’s Central Bank cut its policy rate by 200bp to 12%, saying inflation had now stabilized around its target and uncertainty surrounding its economy had eased following the IMF support package. It is the first rate cut by the Bank of Mongolia (BOM) this year and the second after a 100bp cut last December. Mongolia’s

(Bloomberg) — The International Monetary Fund approved a loan package of $434 million to Mongolia on Thursday to support an economy recovering from weak commodity prices and low foreign investment. The IMF contributions are part of a $5.5 billion deal that includes money from the Asian Development Bank and the World Bank, with Japan and