The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mongolia on Thursday, September 14, 2023, considered and endorsed the staff appraisal without a meeting.

Growth rebounded to 5.0 percent in 2022 and the external position stabilized

Mongolia’s foreign exchange  reserves have exceeded USD 4 billion again, said Minister of Economy and Development Ch.Khurelbaatar.

The country’s forex reserves stood at USD 4.124 billionat the end of September, the third straight monthly rise.

Due to the deepening of a current

The Mongolian Stock Exchange celebrated a major achievement by surpassing MNT 3 trillion  in trading volume in the first nine months of 2023. This milestone was achieved after the successful sale of 387,000 shares of 43 companies and coal worth

The United States Agency for International Development (USAID) organized a forum to enhance Mongolia’s food security.  Focused on “Exploring New Financing Avenues for Agriculture,” the forum gathered diverse perspectives as representatives from the government, private sector and donor organizations discussed

 Mongolia becomes the first country in Asia which has fully complied with a total of 40 recommendations issued by the Financial Action Task Force (FATF).
In 2017 FATF reviewed the activities related to money laundering, combating terrorism, and illegal financing in

Fitch Ratings has affirmed Mongolian coal producer Mongolian Mining Corporation’s (MMC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’. The Outlook is Stable. Fitch also assigned a ‘B’ final rating to the US dollar senior exchange notes due September 2026,

The Mongolian central bank’s monetary policy council has decided to keep the benchmark interest rate unchanged at 13 percent.

The decision was made “given the current and future state of the economy and financial markets, external and internal uncertainties or risks

South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country’s retail giant, Circle Group.

The deal aims to bring over 200 Homeplus private brand (PB) products, from processed foods to household