Two training centres that will help build competitive leather and textile industries in Mongolia have been officially opened. The Industry of the Future blended learning centre is located at the Experiment, Manufacturing and Business Corporation of Light Industry (ARMONO), and

As a developing nation, rich in natural resources, Mongolia’s economy is dependent on its southern neighbour, China, which buys practically all its copper and iron ore and coking coal. With the onset of the coronavirus pandemic, Mongolia had to take

From 2021, the Mongolia’s Government will start its repayment of four big bonds worth of USD 2.9 billion for the next four years. In recent years, the Government debt to GPD has been decreasing; however, it has doubled since 2016.

Currently,

The Executive Board of the International Monetary Fund (IMF) has approved Mongolia’s request for emergency financial assistance under the Rapid Financing Instrument (RFI) equivalent to SDR 72.3 million (about US$99 million, or 100 percent of quota) to meet urgent budgetary

The Asian Development Bank (ADB) on Wednesday (3 June) said it has raised 21 billion Mongolian Tugrik (MNT) – about USD 7.5 million –  in a groundbreaking issue of the first offshore MNT-linked Nomad Bonds. The Manila-based multilateral lender said

Mongolia, a leading supplier for global cashmere, has seen demand for its luxury fibers plummet during the coronavirus pandemic. Sales fell near 70 percent as Chinese traders and Western shoppers have been isolated and businesses and factories closed.

Khatant International, a

Mongolia has exported a total of 5.2 million tons of coal so far this year, virtually all to China, according to data released by the Mongolian Customs General Administration on Tuesday 2 June.

The figure represents a decrease of 2.6 times

The Central Bank of Mongolia or Mongol Bank purchased 1.7 tonnes of precious metals from individuals and enterprises in May. The Bank’s purchase has reached 8.5 tonnes of precious metals – 6.8 tonnes being  gold – since 1 January. This