Since 1989, the U.S. has strengthened its economic, political, and military
relations with the Mongolian government.
An aftereffect of the Soviet Union’s collapse was a massive debt owed by
Mongolia to Russia for Cold War-era development loans.
China is Mongolia’s chief trading partner and its most significant provider of
foreign direct investment.
Mongolia’s vast mineral wealth has raised concerns that other parts of the
Mongolian economy could suffer if mineral revenues drive up the value of the
Mongolian currency.
