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The corporate capture of Mongolia

How the IMF, the World Bank, the US and Rio Tinto undermine Mongolia

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Written by: Rhodante Ahlers
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In this online story(opens in new window) SOMO and the Mongolian NGO OT Watch show how international corporate and diplomatic pressure over the past 30 years prevents Mongolia to profit from its own natural resources. The story is a follow up on the report Undermining Mongolia, which was published in February this year.

Undermining Mongolia

It describes – based on leaked documents – how the IMF and the World Bank, together with the US embassy, ​​ensured that Rio Tinto was able to exploit Oyu Tolgoi copper and gold mine under very favorable conditions. And how little revenue finds its way back to Mongolia and the Mongolian people.

Read our online story here(opens in new window) .

(opens in new window)

 

Partners

  • Oyu Tolgoi Watch

Posted in category:
Long read
Written by:
Written by: Rhodante Ahlers
Published on:

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