Mongolia Economy Set for 20% Growth

Mongolia delayed plans to sell its first U.S. dollar-denominated bonds until 2012 as surging coal exports puts the economy on target to grow 20 percent this year.

Global banks had offered to manage a sale of as much as $2 billion, four times the $500 million the Asian nation sandwiched between China and Russia sought in June, said Chuluunbat Ochirbat, a Mongolian lawmaker who served as governor of the country’s central bank from 2000 to 2006.   More Read