Mongolian Investment Outlook 2011

Mongolian Investment Outlook for 2011 was released by US Embassy last month. While browsing through, I found horror storied that would scare most of foreigners even coming to this country, not to mention making investments. How come, Mongolian government, which is so keen in attracting FDI is allowing such situations to exist?
Are we that barbaric and hatred filled that we would hate any foreigner that comes into our soil? Since when we are so keen to keep things to ourselves, whereas whole world is moving towards globalization, be it good or bad? It was strange to read this report as this one warns investors that even though at the policy level Mongolia wants and needs FDI, actual trickery is emphasized within daily routines, small formalities that hinder anyone wanting to come to this country.
Furthermore, within this time period, when we have discovered our mineral wealth and continuing to discover more, we need foreigners, especially those with good governance and best practices. Not those who are willing to do anything to get the "gold." We are like a middle school bully who tries to solve its problems with force only. No intelligence is needed. What a shame!
I had no idea that if someone was involved in small dispute somewhere in administrative court, they cannot get exit visa and cannot leave the country! Well, I have not been around a lot, but seen countries, seen cultures. None of them required me to obtain exit visa. What a dumb idea, to require a visa to exit the country?! Wow?! Story of "Dumb and dumber...."

If you want to read this report, please download it from below link, or you can Google it.


http://share.gogo.mn/Ex31n3iEeF17501301969966/2011-mongolia-investment-climate-statement.pdf