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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.

Central Bank of Mongolia faces probe

The Economic Standing Committee has established a working group for examining the operations of the Central Bank of Mongolia, also known as Mongol Bank, between the years 2012-2016.

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.

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