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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Former Mongolian MPs arrested by anti-corruption body

The Independent Authority Against Corruption of Mongolia has arrested two former members of parliament, namley N.Batbayar and B.Garamgaibaatar on suspicion of wrongly channelling money from the country’s sovereign debt fund.

Mongolian herders go solar

No less than 70% of Mongolian herders now have solar power.  By installing portable solar home systems in the gers (yurts made of yak’s wool and felt), they have made life much easier in a land where the sun shines about 250 days a year.

Mongolian Bond Prices Jump

The price of Mongolia’s benchmark 10-year bond rose after the announcement on Sunday that the International Monetary Fund will lead a bailout to the nation.

Hollywood comes to Arkhangai

‘Children of Genghis’, a movie about horse racing, one of the Mongolian three traditional cultural games, is to be released by “Warner bros” on 23rd of February.

IMF Bailout

Mongolia has reached an initial agreement with the International Monetary Fund (IMF) for a three-year programme that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments.

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