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Mongolia organizes Level 1 coaching course of WABC

Mongolia and Sri Lanka successfully organised  World Association of Basketball Coaches (WABC) Level 1 coaching courses. The course  was organised by the FIBA Regional Office – Asia in coordination with the Sri Lanka Basketball Federation (SLBF) and Mongolia Basketball Association

Mongolian artists build an ice hotel in Sweden

An ice hotel, built by Mongolian artists in Sweden has become a new tourist attraction. Ice carvers Ts.Monkh-Erdene  and E.Uugantsetseg  has built the ice hotel in 17 days. Rooms temperature of the hotel is minus 5 degrees Celsius and already

EBRD provides USD 62.8 million for building new transmission in Mongolia

The European Bank for Reconstruction and Development (EBRD) is improving the flexibility and reliability of the electrical grid in Mongolia and increasing its ability to absorb energy produced by renewable sources.

An EBRD sovereign loan of up to 62.8 million dollar and capital

Mongolians facing the most difficult winter

Prices of flour and rice, among the basic necessities of Mongolians have soared as a result of the war in Ukraine, with an overall inflation rate of no less than 14.5 percent.
Even worse is the 40 percent rise in coal

World Bank: SMEs contribute around 5.5 percent of Mongolia’s GDP

Mongolia has an opportunity to strengthen its business environment to create a more level-playing field for companies, particularly small and medium enterprises, (SMEs) and facilitate a more productive private sector beyond the mining sector, according to a World Bank report.

Establishing

Khan Bank successfully raises 20 million USD in long-term funding

Khan Bank has successfully concluded financing agreements with two funds managed by Developing World Markets (DWM) for 12 million USD and long-term financing agreements with four funds managed by responsAbility Investments AG for 8 million USD, obtaining a total of

Mongolia raised policy rate to 13 percent

Mongolia’s central bank raised its benchmark interest rate to 13 percent. The increase brings the policy rate to its highest level since late 2017.

The interest rate hike aims to stabilize the rate of inflation in the medium term, maintain the

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