About 15,000  micro, rural and women entrepreneurs in the next three years are set to benefit from an innovative Mongolia Tugrik (MNT) denominated loan facility for Transcapital LLC, a leading non-bank financial institution in Mongolia, arranged by IFC, a member

Mongolia will hold an international forum and exhibition online this month to boost exports amid the COVID-19 pandemic.
The “Export Mongolia-2020” is expected to be co-organized by the Ministry of Food and Agriculture, Foreign Ministry, Small and Medium Enterprises Development Fund,

Mongolia’s central bank purchased 19.2 tons of precious metals in the first 10 months of this year, including 17.5 tons of gold from legal entities and individuals, the country’s central bank said on Tuesday (3 November).

The amount of the precious

Mongolia’s Ministry of Energy is seeking EPC contractors to construct a 10 MW solar power plant in Altai, the capital of the Govi-Altai province in the western part of the country. Bids will have to be submitted by December 11.

The

The Central Bank of Mongolia stated on Monday, 2 November, that the combined savings of the public  increased 22 percent year on year to 16.8 trillion Mongolian tugriks (almost USD 5.8 billion) at the end of the third quarter.

The bank

Asian banks are edging yet closer to crypto and digital currency adoption – with Mongolian and South Korea banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital asset exchange.

Although DBS

Chinese steel mills and power stations have started buying more coal from Mongolia after Beijing imposed a ban on imports from Australia;  but price, quality and logistical difficulties mean it will not be easy for some users to make the

China and Mongolia are expecting lower tariffs in bilateral trade after Mongolia’s recent accession to the Asia-Pacific Trade Agreement (APTA), China’s Ministry of Commerce said on Monday.

Starting on 1 January 2021, Mongolia will cut tariffs on 366 categories of commodities,