There has been news in social media that the Government of Mongolia intends to issue a ‘Panda’ bond of CHY 800 million on the Chinese market. The news source said that Mongolian Government is discussing issuing a five year bond three months after it successfully raised the ‘Gerege’ bond.

Evidently, this is ‘fake news’. The Finance Ministry confirmed that the Government of Mongolia will not issue any bonds in the near future.  Under the IMF programme, Mongolia’s credit rating has increased and the economy is much recovered; the government intends to focus on positive performances.