Mongolia’s management of public finances has improved, but further reforms are needed in some areas to achieve international best practice standards, a recent World Bank assessment finds.

The recently completed Public Expenditure and Financial Accountability (PEFA) report, which assessed the performance of Mongolia’s

 
Golomt Bank, whose vision is “Mongolian’s Global Benchmark Bank”, achieved success, which noted as big achievement in Mongolian banking and financial sector and internal audit field.
The bank’s Internal audit function provided consulting service to foreign bank in 2018, performed co-sourced

Golomt bank has named the “Best Corporate Bank in Mongolia – 2021” by Global Banking & Finance Review, a reputable international banking and financial magazine. The award is based on a number of criteria, including new services, achievements, strategies and

Mongolia exported 1 million tonnes of coal for all uses during September, marking a fall of 3.9% on month and a huge 78.3% plunge on year, according to the country’s Customs published on October 7.

Though deliveries to China, the destination

Major construction projects transform the lives of thousands of Mongolians – whether they’re creating new plants, enabling better transport, or providing power to the surrounding area. Aside from creating thousands of jobs during the construction phase, they’ll bring in opportunities

Mongolia has its own oil fields producing enough crude for its requirements.  However, almost all of its crude oil is exported and all of its finished petrochemical products are imported.  Mongolia imports more than 90% of the oil products from Russia

Mongolia-based operator ONDO (IN Mobile Network LLC), the fifth mobile operator in Mongolia, received a license to provide mobile services from the national telecommunications regulator Communications Regulatory Commission (CRC).

The ONDO is piloting the latest generation of high-speed mobile internet or

Under the Millennium Challenge Compact made between the Government of Mongolia and the U.S. Millennium Challenge Corporation, MAPA Group of Turkey has been awarded as the General Contractor of “Construction Works of an Advanced Water Purification Plant (AWPP) and SCADA