The large and comprehensive economic stimulus launched by the Mongolian government from February 2021 has eased pressure on asset quality for the banking sector amid the economic disruptions caused by measures to contain Covid-19.

Fitch Ratings expects the stimulus to be

The World Youth and Junior Sambo Championships have been moved from Mongolia to Greece because of the COVID-19 pandemic.

Ulaanbaatar, the Mongolian capital, was due to host the event but is now unable to do so because of the “difficult epidemiological

Today (29 June), the Mongolian Government discussed the amendment to the 2021 State Budget for increasing financing for the health sector due to Covid-19. The amendment is needed to be approved by parliament. The amendment will increase the budget of

Earlier today (29 June), the Mongolian Government decided to extend the annual Naadam holiday by making Friday (16 July) a public holiday. This means Mongolians will enjoy a nine-day-long holiday including the weekends.  According to the “Public Celebration Law” –

The United States, through the United States Agency for International Development (USAID), has committed an additional $250,000 (700 million MNT) to support the Government of Mongolia’s efforts to fight the COVID-19 pandemic. Through its implementing partner, the United Nations Children’s

The World Bank has approved a USD 100-million loan to support a sustainable urban transport project in the Mongolian capital of Ulaanbaatar, the bank’s office in Mongolia said Thursday.

The project is aimed at developing a comprehensive framework for sustainable urban

Today (28 June), Mongolia confirmed 1811 new cases of Covid-19; this brings the total number, since the beginning of the pandemic, to 111505. According to the Health Ministry, 983 of the new confirmed cases are from Ulaanbaatar; 823 of them

Mongolians will observe their centuries-old Naadam Festival by television following the government’s creative decision of moving the ancient festival online. Therefore, the core competitions such as horse racing, archery and wrestling will be held without a live audience. The opening

Today (25 June), U.Khurelsukh was officially sworn in as the Sixth President of Mongolia, taking his oath at a special parliamentary session. The ceremonial session of the State Great Khural was attended by 68 MPs and delegates from foreign diplomatic

Today (25 June), Mongolia’s total tally of Covid-19 cases reached 104900; this came after 2271 new cases of coronavirus were reported in just 24 hours. The Covid-19 situation is worsening in the provinces as well as in the capital Ulaanbaatar.