By Antonio Graceffo in Ulaanbaatar Mongolia’s economy won plaudits in 2023, performing well with a robust 7% expansion owing to strong exports, particularly record coal shipments to China. The country was able to boost its FX reserves and post a positive balance of payments (BoP). However, the BoP performance was not necessarily a simple case of good news, as export prices were subject to inflation, and demand for imports was low. Credit: ADB This year, the BoP is expected to return to negative territory. Credit: ADB Mongolia’s winter season has been devastatingly harsh. Some 7mn heads of live…