Ulaanbaatar
OECD Upgrades Country Risk Classification of Mongolia
Economy
Ulaanbaatar, July 1,
2025 /MONTSAME/. The Organisation
for Economic Co-operation and Development (OECD) has upgraded the country risk classification
of Mongolia by one level from its previous highest risk rating of 7/7 to 6/7 as
of June 27, 2025.
The decision was made at the OECD’s meeting to
revise and reassess the country risk classification held on May 27, 2025. Out
of 40 countries whose credit risk assessments were reviewed, the ratings of only
three countries changed. Namely, the ratings of the People’s Republic of Bangladesh
and the Republic of Senegal were downgraded, while the rating of Mongolia was upgraded.
This improves Mongolia’s reputation and creditworthiness in the international financial
market, creating favorable conditions for the Government and the private sector
to attract foreign investment and financing, while reducing relevant costs.
Moreover, funding fees, particularly credit risk fees from export credit
agencies and international financial organizations based in member countries of
the OECD, will become more favorable. Specifically, fees will decrease by 3-6 percent,
and costs of long-term export financing will also decrease.
An upgrade in country risk classification will alleviate the financial burden on the national budget and the private sector, expand the private sector’s opportunities to attract foreign investment and strengthen investor's confidence in Mongolia, while enhancing the competitive edge of producers and exporters in the global market.
