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IMF: ‘aid flood’ to Mongolia to end

An International Monetary Fund (IMF) team led by Mr. Geoff Gottlieb visited Mongolia from 19 to 28 June, 2019, to conduct discussions for the 2019 Article IV consultations. The IMF’s Executive Board for Discussion and Decision has concluded the reports

Powering the West

The Mongolian Cabinet has decided to take a total of 28,000 hectares of land in the Erdeneburen and Myangad Soums of Khovd Province, the Bayannuur Soum of Bayan-Ulgii Province and Umnugobi Soum of Uvs Province for hydroelectric power station construction.

Mongolia leaves benchmark interest rate unchanged – again

Mongolia’s Central Bank decided today (17 September) to leave the benchmark interest rate unchanged at 11 percent for the second time in the year to bolster the economy. The decision aims to cope with the inflation target framework in the

Mongolia to begin paying foreign debts from 2021

The Mongolian economy will face challenges in 2021 when repayment of foreign debts begins, J.Delgersdaikhan has said. The specialist, who is a lecturer at the the University of Finance and Economics was speaking  at a conference entitled the ‘Balance of

Destination Mongolia! Rise in tourist numbers

The number of tourists coming to Mongolia grew by 14.8 percent year-on-year in the first half of 2019. A total of 217,000 foreign tourists visited the country in the period from January to June, with China being the leading source

UB coal ban: households to face challenges this winter

Starting in May, the government of Mongolia introduced a coal burning ban in the capital, Ulaanbaatar, as part of efforts to clean up the city’s air. Those households and businesses that continue to burn coal risk being fined. However, as

Mongolia’s coal and gold exports on the rise!

Mongolia’s foreign trade turnover reached USD 9.5 billion in the first eight months of 2019, resulting in an increase of exports to USD 5.4 billion and imports to USD 4.1 billion.

Exports increased by USD 715.8 million in the period from