The World Bank’s Board of Executive Directors in Washington yesterday approved an investment credit of USD25.0 million for the Mining Infrastructure Investment Support Project (MINIS) in M ongolia.  The objectives of this project are to facilitate investments in infrastructure to

Altai Cashmere LLC, owned by Prime Minister S.Batbold, has withdrawn from Mongol Negtgel, an umbrellaorganization of cashmere producers, following the controversy over low-interest Government loans to companies in the sector from  money raised through sale of bonds.   The Government

The advocates for the convicted member of the Representatives Managing Council of the Anod Bank, N.Davaa, today told a press conference that their client had submitted to the Anti Corruption Authority (ACA) information about several state officials, including Chief of

The NGO Responsible Mining for Stable Development is working on preparing a list of 38 standards to be followed by mining companies working responsibly. The list, covering all areas and phases of mining from exploration to post-closure rehabilitation, should be

The Chief of the Nuclear Energy Authority (NEA), D.Enkhbat, has denied reports in the foreign media that the USA and Japan have held talks with the NEA to store spent nuclear fuel in Mongolia. “The NEA has not talked to anyone,”

Spring planting officially begins today, and the Ministry of Food, Agriculture and Light Industry hopes it will be over in two weeks. Some farmers, however, started planting last week.Altogether 130 agriculture organizations have bought 3,800 tons of wheat seed from

The Standing Committee on the Budget today approved proposals to issue one set of bonds worth MNT55.5 billion to plug the budget deficit in 2011 and another worth MNT72 billion for long-term apartment loans to state officials and citizens. Ts.Sedvanchig

Minister for Health S.Lambaa talks our journalist on the law on health that Parliament passed last Thursday. How is the new law different?The emphasis has shifted from treatment to prevention. We shall work more for a healthy and disease-free Mongolia.What

The World Bank has said in its latest quarterly report that Mongolia’s economic prospects in the medium term look excellent from the perspective of both growth and fiscal management. Staying the course in the medium term, however, means implementing the

A South Korean team headed by the Director of the National Scientific Museum there, Li San Hi, visited Mongolia between May 5 and 9 at the invitation of President Ts.Elbegdorj. They called on the Chief of the President’s Office, D.Battulga,