FILE PHOTO: Steaming water, discharged from a coal-to-gas plant in Inner Mongolia, China spreads out over the landscape, Dec. 13, 2013. Resource-rich but sparsely populated, Mongolia is enjoying a boom from rising commodity prices. - Seattle Times/MCT
SINGAPORE: Mongolia's sovereign wealth fund is preparing to appoint independent board members, hire external advisers and adopt a transparent investment strategy as the resource-rich nation sets out an ambitious development plan.
The Chinggis Khaan Sovereign Wealth Fund was established by law in April last year, has US$1.4 billion in assets and expects to finalise its plans in the first half of 2026. It is named after the founder of the Mongol Empire, also known as Genghis Khan, who conquered a large swath of Asia.
