Chinggis Khaan Sovereign Wealth Fund Outlines Foundational Strategy and Vision at MEF 2025

At the Mongolia Economic Forum 2025, we presented the ongoing foundational work to operationalize Mongolia’s sovereign wealth fund — an institution designed to transform natural resource revenues into long-term national prosperity. Under the framework of the Law on the Sovereign Wealth Fund, Mongolia has established a three-pillar structure to fulfill distinct public mandates through disciplined investment management:

Future Heritage Fund - Receives 65% of the government’s mineral royalty revenues and is mandated to invest internationally. This fund plays a macro-stabilizing role, enhancing Mongolia’s long-term economic resilience alongside official foreign reserves.

Savings Fund - Capitalized by dividends from state-owned mining enterprises. Its portfolio is focused on Mongolia’s domestic capital market — supporting development of fixed-income instruments, including potential investments in government and corporate bonds, as well as regulated mortgage financing schemes.

Development Fund - Designed to channel excess fiscal revenues and windfall mining income into productive public investments. It supports projects within the Government’s medium-term investment program and opens pathways for blended and co-financed infrastructure development with international partners.

“Over the past four months, we’ve taken critical steps to lay the foundation for a credible and globally connected sovereign wealth institution,” said CEO Temuulen Bayaraa. “We’ve outlined a strategic roadmap to implement robust investment and governance frameworks aligned with international standards of transparency, accountability, and long-term value creation. We are also advancing our integration with the global sovereign investment community by embedding international norms into our policies and practices. At the same time, we’ve established the core operational architecture — from ethical standards to fund-specific mandates and internal protocols — to ensure disciplined and professional execution across every function of the Fund.”

Public engagement is core to our legitimacy. In an unprecedented initiative, we conducted a nationwide survey covering over 700,000 citizens to gather input on fund design, priorities, and governance expectations. This feedback is being integrated into policy formulation.

The Chinggis Khaan Sovereign Wealth Fund is a shared asset for all Mongolians, across generations. We are building a system that is transparent, future-oriented, and grounded in public trust.