The Informal Economy in Ulaanbaatar: Policy Options to Promote Growth in the Ger Areas

Asia Foundation Report on the Informal sector of Ulaanbaatar carried out in co-operation with M.A.D. Investment Solutions.

This paper focuses on the economic environment in the capital’s unplanned settlements. With city leadership now fully committed to accelerating inclusive growth to spur overall development, greater knowledge of the informal economy and how it might develop is essential.

Yet, minimal research has been done in recent years on the country’s informal economy, and virtually none in Ulaanbaatar. This paper takes a step toward addressing this important gap, updating some of what is understood about the informal sector, how it engages with the formal economy, and how the sector is currently governed in Ulaanbaatar. In doing so, the authors provide preliminary policy recommendations for donors and local actors to consider.