Source: Jargaldefacto                       Date: 29 September, 2011

Mongolia's decision to allow foreign entities to help manage its state-owned enterprises may be a positive trend.To those who feel Mongolia's government is doing a poor job benefiting its people and attracting investment, hiring foreign teams seems to be a viable option. The London Stock Exchange (LSE) will help update the Mongolian Stock Exchange with its Millennium IT stock trading software and policy advice. The Korean Development Bank will manage the newly established Mongolian Development Bank and although MIAT recently walked away from an Irish management team, the government plans to hire another foreign management team and pilots.Meanwhile, every entity the Mongolian government seems to influence is in disarray.  If Mongolia continued to utilize teams of foreign experts with solid reputations, it could reduce corruption and possibly increase efficiency. However, implementing such a scheme could be more difficult than developing with trial and error.