The Asian Development Bank (ADB) and the Mongolian government have signed loan agreements worth USD 103 million for three projects that will upgrade border checkpoints, complete a district hospital, and scale up road rehabilitation in the country.

Yolanda Fernandez Lommen, ADB

The purchase of gold by the Mongolian Central Bank dropped 22 percent from January to September 2019. In total it acquired 11.2 tons of gold from legal entities and individuals.

The bank explained that the drop can be attributed to the

Mongolian Airlines has indicated that it has secured the delivery of a Boeing 787-9, with the aircraft due to arrive on long-term lease in 2021. The widebody jet has been earmarked for the carrier’s first long-haul flights to the United

Mongolia launched construction of its first oil refinery last year. This has been a a long-awaited project; currently it is being funded by India and is designed to end the country’s dependence on Russian fuel imports.

Earlier today (2 October), the

Earlier today (27 September), the 17th “Discover Mongolia” forum kicked off in Ulaanbaatar. Although sounding more like an event for promoting tourism, ‘Discover Mongolia’ is one of the largest mining forums. At least 500 officials and investors from around a

Mongolian Airlines, MIAT, the country’s national carrier has signed an agreement with the American Air Lease Corporation to lease a Boeing 787-9 Dreamliner aircraft capable of long-haul direct flights to the USA. The plane is expected to arrive in Mongolia

Mongolia’s economic growth is expected to moderate but remain solid in 2019 and 2020 as the country moves to a more sustainable growth path.

Yesterday (25 September), Asian Development Bank (ADB) Deputy Country Director for Mongolia and Senior Country Economist Declan

Mongolia’s Ministry of Energy is seeking contractors to develop and construct a 10 MW solar power plant in Khovd, the administrative centre of the province of the same name in the westernmost part of the country.

The project is backed by