Economic Archives - Page 27 of 96 - News.MN

Circus on Ice is to be held

A new page in the history of Mongolian circus art has been turned, which has been stagnant for more than a decade. Steppe Arena LLC is organizing a show that will fulfill the great dream and desire of Mongolians, giving

Fitch forecasts Mongolia’s economic growth at 1.2 percent

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

USAID launches USD 12-million Energy Governance Programme in Mongolia

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

Mongolia’s economy expected to expand at a modest 1 percent

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

Mongolia to make early payment on JPY 30billion Samurai Bond

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’s coal export down 48 percent year on year

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

IMF: Inflation expected to remain high in Mongolia

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

Restoring Yadam Temple at the Choijin Lama Temple Museum

  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