The U.S. government today announced the MNT8.3 billion ($3 million) expansion of the bilateral assistance agreement between the United States Agency for International Development (USAID) and Mongolia’s Ministry of Finance to continue projects and implement new programs that support good

When the coronavirus struck neighboring China, Mongolia was preparing for the February Lunar New Year, its biggest holiday of the year. It is a time when everyone puts on their very best traditional winter ‘deels’ as the national tunic is

The level of overdue loans and owed interest in the Mongolian banking system rose by MNT 120 billion to 6.7 percent of the total loan portfolio in the first quarter of 2020. The large sum of the outstanding loan stock

Mongolia has shelved near-term initial public offering plans for state-owned coal miner Erdenes Tavan Tolgoi JSC as the Covid-19 pandemic shakes global financial markets.

The Mongolian coal miner was working with an adviser for preparations of a planned Hong Kong IPO

‘Erdenes Tavan Tolgoi’ (ETT) held a press conference earlier today (27 April) regarding dividends from the revenue of 2019.

The mining giant will distribute dividends totaling MNT 199 billion 736 million to over 2.5 million Mongolian nationals who own 18.5 percent

A total of 537 China-Europe freight trains passed through the Erenhot border crossing in North China’s Inner Mongolia autonomous region as of Thursday this year, reported Chinese custom officials. The Erenhot-Zamin Uud crossing is the largest on the border between

The Asian Development Bank (ADB) has approved a USD-100-million (EUR 92.5m) loan to support the installation of a 125-MW advanced battery energy storage system in Mongolia.

The project is calculated to cost USD 114.95 million in total. Of this amount, USD

The World Bank’s Board of Executive Directors have approved USD 53 million in financing for the Ulaanbaatar Heating Sector Improvement Project and additional financing for the Third Sustainable Livelihoods Project.

The USD 41 million Ulaanbaatar Heating Sector Improvement Project will finance