A Business Incubator Centre under the Asian Development Bank’s Ger Area Development Investment Programme has been inaugurated at the Bayankhoshuu Subcentre in the Mongolian capital Ulaanbaatar.

On May 28, ADB Country Director Pavit Ramachandran launched the business incubator. The ceremony was

Mongolia’s commodity-dependent economy is facing a sharp slowdown in GDP and export growth, deterioration in the public finances and an erosion in external buffers this year due to the coronavirus shock. Nevertheless, the affirmation of the rating with a Stable

The European Union is supportig Mongolia’s efforts in boosting employment and improving transparency in public finances with a grant of 50.8 million euros (MNT 155.7 billion). This is the first budget support programme in Mongolia, also aiming to address the

Mongolia has met all requirements to be removed from the Financial Action Task Force’s (FATF) grey list, the country’s finance minister Ch.Khurelbaatar said on Friday.

FATF is an intergovernmental organization founded in 1989, whose aim is to combat global money laundering

Amid COVID-19 pandemic, Mongolians have united in supporting frontline fighters against the killer virus. As for today (27 May), over MNT 3.35 billion (USD 1.19 million) from 255 enterprises and 241 individuals has accumulated in the donation funds. In addition,

Global luxury brands have long admired the quality and fine texture of Mongolian cashmere. Therefore, Mongolia’s best luxury cashmere producer ‘Khaan Khishigt’ has received orders for 100 tonnes from Italy. According to N.Batkhishig, a representative from the ‘Sustainable Cashmere Development’

People in Need INGO with support from the Embassy of the Federal Republic of Germany (German Embassy) in Mongolia is providing – for the third time – an additional round of support to 1600 vulnerable children with nutrition, education and

Mongolia’s gross domestic product fell 6.1 percent in the first quarter compared to the same period last year, the country’s National Statistics Office said on Wednesday (20 May).

The country’s economy amounted to 7.2 trillion Mongolian tugriks (over 2.5 billion U.S.