Fitch affirmed Mongolia’s ratings at strong relative to ‘B’ peers, and favourable medium-term growth prospects. The ratings are constrained by the country’s high reliance on external funding, narrow economic base predominately focused on commodity exports to China, and recurring bouts

The U.S. government, through the United States Agency for International Development (USAID), launched the five-year, USD 12-million Mongolia Energy Governance activity that will provide access to reliable electricity and facilitate sustainable and inclusive economic growth.

Through the project, USAID will work

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in Mongolia.

Mongolia has been hit hard by global shocks and problems at both its borders. Despite the government’s laudable success in

Mongolian Prime Minister L.Oyun-Erdene has instructed the Development Bank of Mongolia (DBM) to explore potential options, including an early payment, to settle its outstanding Samurai Bond obligations. Following this, the Bank will be able to further manage its future obligations

Mongolia exported a total of 3.8 million tons of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said.

The significant decrease is related to border restrictions due to the COVID-19

The International Monetary Fund (IMF) lowered its growth forecast for the Mongolian economy in 2022 to 1 percent, saying potential risks have already begun to materialize.

This came after IMF representatives led by senior economist Angana Banerji concluded a visit here

  Project aims to provide opportunities for local capacity-building in traditional crafts and conservation techniques
Ulaanbaatar, Mongolia, May 6, 2022—Arts Council of Mongolia (ACM) and World Monuments Fund (WMF) today announced the start of physical conservation on the Yadam Temple, situated within

The Mongolian tugrik has since late January been steadily losing value against the dollar, while inflation has been mounting. There are several reasons for this, including increases in the prices of Russian gas, energy and wheat due to effects of