Rio Tinto’s bid to complete a takeover of Turquoise Hill Resources has received a boost after the most vocal opponents of the deal agreed not to vote at the shareholder meeting that will determine whether the USD 3.3 billion deal goes

Parliament and the cabinet have approved the plan to privatize the Mongolian Stock Exchange (MSE), fully state-owned since its inception in 1991. According to plan, the exchange can float up to 34% of its shares by the end of the

As of Friday (2022.10.28), the exchange rate of Mongolia’s national currency the Tugrik against the U.S. dollar has weakened by 18 percent year on year.

The exchange rate of the U.S. dollar against the Tugrik is at 3,383.20 on Friday.

The depreciation

To mitigate the adverse impacts of the pandemic, government assistance to households has been generous and diverse. One notable measure introduced in 2020 is the increase in benefit amounts given to households through the Child Money Programme. The programme, which

IMF team visited Ulaanbaatar to conduct the 2022 Article IV discussions from September 15 to September 28, 2022. The IMF reported that stronger policy adjustment is urgently needed to address Mongolia’s rising internal and external imbalances.

This entails ensuring much greater

Lately the banking sector has become the focus of attention for Mongolia’s capital markets and IPO-hungry investors.

Earlier this month, State Bank, one of Mongolia’s five systemically important banks, listed 5 percent of its shares, raising MNT 25.4 billion (USD 7.9

This week marks the 30th anniversary of the declaration of the International Day for the Eradication of Poverty – a day devoted to reaffirming our commitment and shared responsibility to end poverty.
Mongolia, like many other countries, has made great strides

The IMF predicted growth for Asia and the Pacific at 4 percent  this year and 4.3 percent in 2023, with both below the 5.5 percent average over the last two decades.

Still, they are higher than the fund’s forecasts for Europe