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dateModified2022-06-28T09:39:47Z
annotationAuthorNameAnanda Thrift
tags
dateAdded2022-06-28T09:38:45Z
parentItemFinancial-Times_Mongolia-Living-from-loan-to-loan.SRC.fae00c44-82db-4f41-ac8d-f2f550cd7df9.pdf
annotationComment[publisher] It was one of the fastest-growing emerging markets during the commodities boom. Since the bust, the government and ordinary Mongolians have traded a culture of self-sufficiency for deep indebtedness.
annotationPageLabel3
version3310
keyNSDQU7GR
annotationTextEven Mongolia's nomads have been caught up in the country's debt problem. Loans have become an annual ritual on Mongolia's steppes, where herders capitalising on a growing market for cashmere are hostage to a downward cycle of falling margins and deteriorating pastures
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