Mongolia has recently improved implementation of its 2014 "Glass Accounts Law," giving civil society actors unprecedented information about who buys from the state's mining enterprises, who the companies’ biggest suppliers are, and the sheer size and variety of state companies.
Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
Mongolia’s policy experiments with resource-to-cash programs provide unique perspective into public ownership and revenue sharing in the mineral sector. As governments around the world rethink the role of the state in the ongoing public health crisis, they could learn from Mongolia’s experience.
So far the Mongolian government has failed to introduce necessary laws and regulations to promote transparency around mining company ownership. NGOs can lead by taking initiative and pushing the reform process.
Coronavirus containment measures have hit economies hard—and with them, government revenues. Most natural resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.