After its third quarterly review of Mongolia”s economic performance under the 18-month Stand-By Arrangement (SBA), the IMF emphasized the good progress on the macroeconomic stabilization made thus far and the positive economic growth outlook for 2010, driven by the spillover

Altogether 132 students of the Russian School-3 were sent to hospital after the first symptoms of food poisoning were detected on January 28.  Seven of the sick children were treated in the intensive care unit. Two are still there while

Arshad Sayed, Country Manager and Resident Representative of the World Bank in Mongolia has written in his blog that the Dzud is a slow natural disaster that kills livestock, and livelihoods. The text of his blog is given below.
Mongolia is

Head of the Prime Minister’s Office and Minister of Mongolia Ch.Khurelbaatar told MPs P.Altangerel, S.Byambatsogt, D.Gankhuyag and G.Zandanshatar on Friday that the Tavantolgoi deposit contains 6.42 billion tons of coal. About 28 percent or 1.8 billion tons of this can

Parliament agreed on Friday that minimum wages should be fixed on the basis of hours worked, and not months, as has been the practice since the socialist times.  The draft amendment was sent to the concerned Standing Committees which will

While population rises, the number of students in educational institutions of all types taken together fell 2.4 percent at the beginning of academic year 2009-2010 from the figure in the previous year. Excluding Mongolians studying abroad and those attending evening

The price of gold this year will likely rise above 2009″s record of USD1,226/oz  and could even climb as high as USD1,300/oz if the global economic recovery proves sufficiently sluggish and new investment money continues to enter the market, according

Japan”s sports minister has asked the Japan Sumo Association to investigate allegations that sumo grand champion Asashoryu assaulted a man during a late-night drinking session, according to an AP report carried in The Canadian Press. “The association is responsible for

During a recent visit to Germany, Minister of Food, Agriculture and Light Industry T.Badamjunai told Ms. Gudrun Kopp, Parliamentary State Secretary to the German Federal Minister of Economic Cooperation and Development, that the Mongolian Parliament has identified agriculture as “a

U.S. Agency for International Development (USAID) Representative Chuck Howell, CEO of Xac Bank M. Bold,  and Deputy CEO of Khan Bank D. Batsaikhan recently signed an agreement  to support up to USD25 million in lending to small and medium enterprises