Mongolian Government has won international praise for its commitment to economic reform and its success at reining in inflation. However, the average inflation rate in 1999 rose to 7.6%, mainly due to the affects of fuel shortages caused by a Russian ban on oil exports. The government realized that international assistance is not a firm basis for running an economy, they should draw the majority of foreign support in the form of loans rather than grant aid. As a result, foreign investment laws are exceptionally liberal, with no obstacles to foreign ownership in almost all sectors and no obstruction of profit repatriation.
Mental health problems are on the rise in Mongolia. There has been more people in Mongolia where the suicide rate has risen sharply over the past decade. Suicide rates have been increasing among adolescents, because of the loss of a social safety net and years of economical difficulties have taken a toll on people’s health. In time, alcoholism and drug abuse have also been on the rise. This wave of psychiatric problems has put a great strain on a Mongolian health system. Lack of psychiatric beds, essential drugs for psychiatric treatment, and community-based services have further worsened the situation.
In conclusion, there are no perfect countries with perfect citizens, it’s no surprise to see a country with such harsh problems. Of course, there is a solution to every question. We would all hope the solution would come as soon as possible to wipe out the problem. And I hope there won’t be any problems at all.