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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.

PM proposes integration into Eurasian Economic Union

On 3rd of February, J.Erdenebat, Prime Minister of Mongolia received Tatiana Valovaya, the Minister of the Eurasian Economic Union (EAEU) responsible for integration and macroeconomics, at Government House.

Mongolia hopes to receive IMF bailout this month

At the end of last year, representatives of the International Monetary Fund (IMF) visited the Mongolian capital, Ulaanbaatar, to evaluate the state of the economy and conduct meetings with the government.

Mongolia to combat domestic violence

The Law to Combat Domestic Violence was approved by the Mongolian Parliament in December. The law identifies domestic violence as a crime and came into effect on 1st of January.

Mongolia to pay back CHALCO debt by April

Mongolia has been paying off its USD 350 million debt to the Chinese aluminum company (CHALCO) in the form of all its deliveries of coal from the East Tsankhi section of the Tavan Tolgoi deposit.

Mongolia to pay its bond debt on time

Mongolia faces hefty debt repayments beginning in March, when payback time for a $580 million bond issued by the Development Bank of Mongolia comes around.

Mongolian Tugrik firmly rising against the US Dollar

he Mongolian Tugrik is, day by day, is firmly rising against the US dollar. Today, (1st of February) at the ‘Naiman Sharga’ currency exchange, the Mongolian tugrik stood at MNT 2455 against the US dollar.

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