Fitch reports that the volume of coronavirus-related restructured loans is likely to delay further the resolution of asset-quality issues of Mongolia’s banks. As of September 2020, an estimated 22% of the system’s total loans- or MNT 3.8 trillion in loans

The first batch of 11,267 sheep from Mongolia’s total donation of 30,000 sheep have recently arrived in Wuhan, in Central China’s Hubei province, the area hardest hit by COVID-19 earlier this year, the provincial department of commerce said on Friday.
The

On Friday (20 November), Mongolia’s Ministry of Labour and Social Protection announced that it has started providing food packages to households at risk of malnutrition amid the COVID-19 pandemic.
In cooperation with the Mongolian Red Cross Society, the food packages consisting

The Monetary Policy Council of the Central Bank of Mongolia held an emergency meeting earlier today (23 November) regarding economic measures announced by Cabinet last week. The Mongol Bank decided to cut its policy rates by 2 percent to 6

Mongolia has confirmed 11 new cases of Covid-19 in Ulaanbaatar after testing 3011 samples in laboratories nationwide. So far, the country’s total tally of coronavirus has reached 640.

As of today (23 November), 98 confirmed cases have been reported in Selenge, the northernmost

Mongolia’s gross domestic product (GDP) decreased by 7.3 percent year-on-year in the first three quarters of this year, local media reported on Thursday, citing the country’s National Statistics Office (NSO).
The country’s GDP dropped to 26.4 trillion Mongolian tugriks (over 9.2

On Wednesday (18 November), the Mongolian government increased the monthly allowance for children under 18 until the first half of next year due to the COVID-19 pandemic.
The measure, originally scheduled to be implemented from April to the end of this

The Ulaanbaatar Metropolitan Professional Inspection Department has conducted inspections on 622 food items and detected 525 violations. The officials identified 67.5 percent of total violations on the spot. The expiry date of 672 thousand products worth of MNT 672 thousand

Today (19 November), Mongolia confirmed 37 new cases of coronavirus after conducting tests on 3625 people in laboratories nationwide. The details are as follows: five new cases of Covid-19 have been confirmed in Darkhan-Uul Province; bringing the total tally to

The Covid-19 infection has been spreads in with alarming speed in Mongolia after the first local transmission case was reportedonly days ago. Since the beginning of the crisis, Mongolia has 557 confirmed cases of coronavirus – 122 of them are locally