The Asian Development Bank (ADB) has approved a USD 100 million loan to the government of Mongolia to mitigate the severe health and economic impacts of the novel coronavirus disease (COVID-19) pandemic.

ADB President Masatsugu Asakawa commended the Mongolian government on

A new combined solar photovoltaic (PV) and wind power plant is under construction in the Altai Soum of Gobi-Altai Province. The 450kW solar PV and 200kW wind hybrid plant is expected to begin operation later this year. The construction of

Moody’s Investors Service has changed the outlook on the Mongolian government’s issuer ratings to negative from stable.

The decision reflects rising external vulnerability risks related to a sharp fall in export revenue at a time when access to external financing is

The Steppe Gold company said the COVID-19 pandemic had not had a material impact on its operations and it was still expecting to produce about 60,000 ounces this year at cash costs of about US$500/oz.  The company said it had

Farmers in Mongolia’s cereal crop growing regions such as the provinces of Bulgan and Selenge have already begun cultivation. For example, in Bulgan Province, farmers are planning to cultivate a total of 42 thousand hectares; 1000 hectares with wheat.

At this

Mongolia’s exports declined by 40.4 percent in the first quarter of 2020 amid coronavirus restrictions under the advanced state of readiness in the country. Mongolia’s main export product, coal transportation fell to 4.1 million tons in the first quarter of

Earlier today (6 May), the Mongolian Cabinet approved MNT 793 billion (USD 284 million) Covid-19 relief packages for supporting target groups such as children and elderly. The government also decided to raise monthly allowances for children to MNT 100 thousand

The Asian Development Bank (ADB) and the Mongolian government on Tuesday (4 May) signed a loan pact worth 40 million U.S. dollars, and a Japan Fund for Poverty Reduction (JFPR) grant worth 2 million U.S. dollars, to help modernize government-owned