On behalf of President Trump and the American people, we send our best wishes to the people of Mongolia as you gather with your families and friends to celebrate Tsagaan Sar on February 27.
I hope that the new year brings you prosperity and success, and that the close ties between the American and Mongolian peoples continue to deepen as we mark...
Mongolia sets minimum yield for new dollar bonds
By Daniel Stanton and Spencer Anderson
SINGAPORE/HONG KONG, Feb 24 (IFR) - The Government of Mongolia's new US dollar bonds, to be issued as part of an exchange offer for Development Bank of Mongolia's state-guaranteed March 2017 bonds, will have a seven-year tenor and minimum yield of 8.75 percent.
The exchange offer ends on...
Mongolia reaffirms commitment to one-China policy
China supports the aid by international financial institutions to Mongolia, and it will also consider Mongolia's hope to expand exports of mineral, agriculture and husbandry products to China, Wang said
beijing, Feb 21 Debt-ridden mongolia has reaffirmed its commitment to the One-China policy and sought support from Beijing after...
Mongolia should enhance ties with China to push forward its economic reforms
By Hu Weijia
Forecasts by some observers that emergency aid from the IMF is likely to help Mongolia pull through its economic crisis might appear to be overly optimistic. The country's current crisis is the combined result of both external factors and an unbalanced economic structure, which is an incentive for Mongolia to speed up its domestic...
Former lawmaker and minister from Democratic party arrested by Anti-corruption agency
Former lawmaker and minister from Democratic Party arrested by Anti-corruption body during investigation of misappropriation of funds at Development bank of Mongolia.
B.Garamgaibaatar, former lawmaker and owner of Monroad, road construction company and N.Batbayar, former lawmaker and minister of Economic development under previous gov't are arrested...
Interview with Anaraa Nyamdorj, Pioneer human rights and LGBT activist in Mongolia
Gay marriage has been firmly in the spotlight recently, but in many parts of the world the LGBT community is still persecuted. In Mongolia, there is a brave transgender activist who is standing up for his community’s rights.
Friday, the 22nd of May 2015 was a momentous day in the history of my country. With the eyes of the world watching, Ireland...
China to expand economic aid to Mongolia
Beijing will expand economic aid as ties 'ready for another start'
China extended its support to Mongolia on Monday for overcoming economic difficulties, as Foreign Minister Wang Yi announced a number of measures to help the debt-ridden neighbor.
Observers said that since the bilateral ties are emerging from a time of political frustration, Beijing's...
Debt-plagued Mongolia accepts IMF condition to refinance existing loan
Mongolia has agreed to implement an economic rescue package proposed by the International Monetary Fund (IMF) and refinance bond loans, easing the nerves of international investors and the business community fearing Mongolia might go default on its loan in March.
"The Mongolian government agreed to issue another commercial bond to replace the current...
IMF Reaches Staff-Level Agreement with Mongolia on Three-Year Extended Fund Facility
February 19, 2017
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will...
Mongolia reaches $5.5bn IMF deal as debt repayments loom
Final approval conditional on parliament approving fiscal discipline measures
Mongolia has reached a $5.5bn bailout agreement with the International Monetary Fund just weeks before the country’s development bank faced repayments on a $580m bond.
High quality global journalism requires investment. Please share this article with others using the...
IMF agrees terms for $5 billion loan to debt-ridden Mongolia
The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track.
The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request...
Factsheet on the EU-Mongolia Framework Agreement on Partnership and Cooperation
The Framework Agreement on Partnership and Cooperationbetween the European Union and Mongolia is testimony to the growing importance of EU-Mongolia relations, which are based on the shared values of democracy, rule of law and human rights and respect for international commitments in this regard. It will provide the basis for a broader and...
Mongolia Foreign Minister: We Prioritize Ties with Russia and China
ULAANBAATAR – Mongolia can now be considered “locked in” between two great powers as Minister of Foreign Affairs Tsendiyn Munkh-Orgil acknowledged in an interview with EFE, adding that ties with Russia and China are still priorities, though relations with the US and EU will also continue.Munkh-Orgil, a lawyer trained in Moscow and at Harvard, has been...
Mongolian FM to visit China
Mongolian Foreign Minister Tsend Munkh-Orgil is to pay an official visit to China from Feb. 19 to 21, at the invitation of his Chinese counterpart.
Foreign Ministry spokesman Geng Shuang said Friday that Munkh-Orgil would hold talks with his Chinese counterpart Wang Yi on cementing mutual trust, deepening cooperation and expanding people-to-people...
Mongolian antelopes heading towards extinction
2,500 Mongolian saiga antelopes have died since December 2016 due to a livestock virus
Wildlife species usually go extinct due to various reasons like climate change, global warming and development related to a better life for humans but, in the case of the Mongolian #Saiga Antelope, the reason is a disease that has come from other animals.
For...
Mongolia votes to nationalise former Russian copper mine stake
(Corrects to remove quotation marks in paragraph 12)
By Terrence Edwards
Feb 16 Mongolia plans to nationalise a 49 percent stake in a copper mine sold to a domestic private firm last year, bringing one of Asia's biggest copper producers under full control in a move its former Russian owner said could deter foreign investors.
The country's parliament...
Moody's reviews seven Mongolian banks for downgrade following sovereign review
Global Credit Research - 16 Feb 2017
Hong Kong, February 16, 2017 -- Moody's Investors Service has placed on review for downgrade the long-term ratings of seven Mongolian banks following Moody's review for downgrade of Mongolia's sovereign ratings on 15 February 2017.
The seven banks are: Bogd Bank LLC; Capital Bank LLC; Golomt Bank LLC;...
