Mongolia
Over the past 25 years, Mongolia has become a stable democracy, tripling its gross domestic product (GDP) per capita, increasing school enrollments, and achieving dramatic declines in maternal and child mortality. Mongolia’s vast agricultural and mineral resources and increasingly educated population of over 3 million citizens facilitate continued long-term development. The country is vulnerable, however, to a wide variety of natural hazards, including floods, droughts, earthquakes, storms, and other extreme weather events. Additionally, Mongolia experiences dzuds—summer droughts that prevent livestock from receiving adequate hay and fodder and are followed by severe winter conditions, especially heavy snow cover in pastures, that keep the already weakened animals from grazing.
View World Bank Country Profile