Mongolia
has been ranked 99th among 139 countries in the just released Global
Competitiveness Report 2010-2011 published by the World Economic Forum. This is
a significant improvement on its last year’s performance when it was put 117th
among 134 countries, and is an acknowledgement
Khan Bank Foundation is sponsoring, for the fourth consecutive
year, the Young Leader Program of Zorig Foundation, aimed at developing future leaders of Mongolia.
Applications are now being received from young people for enrolment and 20
persons between 22 and 25 will be
The Citizen’s Chamber set up at the
initiative of President Ts.Elbegdorj has been nominated for the 2011 Reinhard
Mohn Prize(formerly known as Carl Bertelsmann Prize), awarded by the
Bertelsmann Foundation of Germany. The Prize, instituted in 1988, is awarded
annually and is worth €150,000.
The Asian
Development Bank (ADB) is
providing a two-year USD750,000 grant from the ADB-administered Regional
Cooperation and Integration Fund to examine market supply and demand for
microinsurance in China and Mongolia. The grant will address policy, regulatory
and institutional barriers in the region’s microinsurance sector.
ADB
Mongolia, one day, hopes to export
more than just coal to neighboring China. At a recent cabinet meeting, Prime
Minister S.Batbold outlined plans to ramp up the country’s investments in
alternative energy and to export wind power to China — enough to equal
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