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Financial information per 2017-12-31
|Number of companies in portfolio||10,011|
|Write-off ratio last 12 months||2.40%|
|% investment amount in arrears (>90 days)||1.83%|
|% investment amount in arrears (>180 days)||1.59%|
Mongolia implemented democratic reforms in 1990, including a new constitution. The people of Mongolia chose a parliamentary democracy with a free market economy. During the Soviet time the economy of Mongolia was mainly driven by the agricultural sector. However after becoming independent it discovered its richness in resources and minerals - namely gold, copper, uranium and coal. Because the Mongolian economy is quite dependent on mining the government is actively stimulating other sectors to diversify the economy.