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

Mongolbank figures reveal that money supply (broad money or M2) increased to MNT2,880.0 billion at the end of December 2009, recording a rise of 6.1 percent over November 2009 and of 26.9 percent over December 2008. Currency in circulation was

The third meeting of the Mongolia-China working group has ended with agreements between the Director of the Ulaanbaatar Representative Office in Tianjin, J.Gankhuyag, and the deputy director of Dunziang free trading port, Yang Jun Chan, regarding use of the port.

Both the MPRP and DP groups in Parliament yesterday discussed the proposed state property privatization directions to remain in force until 2012. Both groups wanted the Erdenet factory kept out of the list of entities to be privatized, since it

Several dozen delegates from Mongolia met with delegates from the United States at the recent Fifth U.S.-Mongolia Business Forum in Orlando to discuss how the two countries can better work together. Several speakers urged more U.S. companies to invest in

Centuries after its “golden hordes” descended on most of central Asia Mongolia is discovering the reverse of what it was like then. This time around, the world”s mining community is descending on Mongolia, looking to take advantage of the tiny

J.Oyungerel, Vice Chairman of the Governing Board of Petrovis LLC and Board Member of Energy Resources LLC, feels that the decision on building railways has to be taken on the basis of not whether it is technically or economically possible,

The klepsiella virus infection which broke out in the First Maternity Hospital on January 18 has caused the death of four babies while 20 more are still suffering. The hospital has been closed down and patients transferred to other places.

Ambitious policies and large amounts of international aid since 2000 have not been able to bring the poverty rate in Mongolia down from the 35 percent recorded in 1995. The latest promise to erase the 15-year-old blot comes in the

MP Z.Enkhbold has announced the formation of the Democratic Force Union to spread democratic awareness among citizens at the initiative of the DP. The call of the Union will be “Let’s Reform Our Mongolia” and its goal is to protect