Inside Mongolia’s Sovereign Wealth Fund Overhaul
Mongolia has tried this before. In 2012, the Chinggis Bond raised $1.5 billion for transformative infrastructure investment. A sovereign wealth fund bearing the same great khan’s name was launched in 2024.
Now comes the Chinggis Khaan National Wealth Fund Corporation (CKNWFC), announced recently to finally turn mineral wealth into something ordinary Mongolians can use. The name has been recycled. The question is whether the habits have been.
