Prime Minister
of Mongolia
of Mongolia
Prime Minister Oyun-Erdene Luvsannamsrai
Mongolia’s nomadic empire once spanned continents, and shaped human history.
Now, Mongolia is transforming.
Blending its rich cultural heritage with the modern day, this vibrant and youthful country is changing before our eyes.
It is now home to one of the fastest growing economies in the world with GDP growth of over 7% in 2023.
With a wealth of untapped resources, young, ambitious and welcoming people, and breath-taking natural landscapes, the country is ready to launch into the next decades.
Under the leadership of Prime Minister Oyun-Erdene, Mongolia has achieved a new era of political stability and forward-thinking governance. Since his appointment in 2021, he has undertaken historic reforms to ensure that Mongolia is ready for business and the next chapter of the country's development.
Prime Minister Oyun-Erdene’s vision for Mongolia is a prosperous nation backed by a strong middle class. He is working to transform Mongolia into a developed, high-income country by 2050. Key objectives and milestones under his plan include:
Diversifying the economy
By reducing reliance on mining, expanding Mongolia’s agriculture, tourism, and technology sectors.
Strengthening Governance and Rule of Law
By continuing the reform programme to ensure that Mongolian companies achieve recognised international standards of governance, transparency, and accountability.
Fostering Regional Leadership and Diplomacy
By positioning Mongolia as a key player in regional and global diplomacy.
Urban Development and Infrastructure
By modernising infrastructure to improve urban living standards and regional connectivity across Mongolia.
Education and human capital
By investing in education and skills training to build a competitive workforce.
The Prime Minister’s message is clear: Mongolia is ready for business.
Mongolia’s economy continues to go from strength to strength.
Strategic spending in social programs, infrastructure projects, and debt repayments have helped deliver one of the world’s fastest post-pandemic economic recoveries, with 24 per cent GDP per capita growth over the last four years.
The Government aims to continue this trajectory in 2025 and achieve the fastest growth across the Asia-Pacific.
Underpinned by its booming mining sector, Mongolia has the potential to become a global leader in critical minerals.
This future industry provides the foundation that drives growth across exciting new sectors, including renewable energy, telecommunications, space technology, and agriculture.
We invite visitors to experience our unique “Land of the Eternal Blue Sky” and the best our preserved nomadic heritage has to offer.
From the valleys to the steppes, our picturesque natural landscapes are perfect for travelers who have a sense of adventure and a hunger to get off the beaten track.
Visit Ulaanbaatar to experience the wonders of our vibrant capital city and the beauty of Mongolian culture, food, creativity, and hospitality.
Mongolia, where the land meets the sky.
With its endless steppes and rolling hills, it has always been a land of movement, from the majestic migrations of its native wildlife to the traditional lifestyle of its nomadic people, who have roamed these lands for centuries.
MonGOlia, Always Moving represents our continuous development, aspiration, evolution, energy, and invulnerability. A thriving new economy launching itself into the future.
You will never know unless you go.
Oyun-Erdene Luvsannamsrain has served as the Prime Minister of Mongolia since January 2021. He was re-appointed in July 2024, following his party’s third-term win in the 2024 elections.
Oyun-Erdene was first elected as a Member of the Great State Khural in 2016, and served as Chief of the Cabinet Secretariat of Mongolia prior to becoming Prime Minister. He graduated from Harvard University in 2015 with a Masters degree in public policy.
Prime Minister Oyun-Erdene's priorities include increasing Mongolia’s energy independence, expanding Mongolia’s links with the rest of the world, supporting the long-term expansion of the Mongolian economy, and reforming government.
In December 2021, the Prime Minister introduced the New Recovery Policy as part of Mongolia’s Vision 20250 program, focused on diversifying Mongolia’s economy, supporting the country’s recovery from the COVID-19 pandemic and driving long-term development. The policy includes six pillars with each aimed at tackling existing economic constraints and unlocking growth in border ports, energy, industrialisation, urban and rural development, green development and state efficiency.
