A meeting on Thursday in Government House discussed
several issues related to labor, a vital sector in development, according to
speakers. The International Labor Organization has said that the rapid growth
in the Mongolian economy between 2002 and 2008 did not generate enough
As Parliament gets
ready to discuss the monetary policy, the Mongol Bank President has revealed
several encouraging figures. Money supply has reached MNT3.6 trillion, rising
42.6% over last year; foreign currency reserve has reached USD1.6 billion,
21.1% more than in 2009; bank deposits have
Steven
Barnett, the Beijing-based International Monetary Fund (IMF) Representative for Mongolia, has told
journalists that the IMF’s Stand- by Program in Mongolia ended on October 1 on a very successful note. The
economy was on the verge of collapse. 18 months later, growth
For
companies developing Mongolia”s raft of mining projects that will start coming
on line next year, the biggest problem is not finding the coal and other
minerals, but getting them to the markets of Russia and China, as Mongolia is
about as far away
Mongolia was China’s top source
of unprocessed molybdenum ore in August, the latest figures from the General Administration
of Customs of China show. However, this was less than 10% of China’s total
import of 1,982 metric tons of molybdenum ore and concentrate in
3,488.01
