Golomt Bank of Mongolia secured a USD 10 million loan with a tenor of five years from International Investment Bank (IIB) on 10 June 2021. Golomt Bank plans to utilize the loan proceeds to finance the …
Despite a Surge in Covid and a Drop in Turnout, Mongolians Elect a President
Despite this energy, his de facto position as the anti-ruling party candidate, and the fact he won 72 percent of ballots from voters living abroad, he did not win a single province across the country …
Mongolia-Singapore Business matching webinar held
The Mongolia-Singapore online business meeting has been a success every year, and the two sides have constantly explored opportunities for business cooperation. In order to support local businesses, …
Celebrating the legacy of Mercy Corps Mongolia
Senior Manager Sansar Choijamts reflects on 22 years of supporting rural communities and small businesses across the Gobi.
Fitch Assigns Mongolia’s Proposed USD Bond a ‘B’ Rating
Fitch Ratings has assigned Mongolia’s (B/Stable) proposed US dollar bonds a ‘B’ rating.Proceeds from the proposed bon …
Improved Online Registry Brings Social Services to Remote Mongolia
With ADB support, the Government of Mongolia has improved its state registry services by connecting 290 soums and sub-districts to the online registry system and improving legal environment, data …
A new regulation on ‘Green Bond’ approved to boost green finance in Mongolia
A major step forward has been taken to help Mongolia tackle its environmental challenges, with a new regulation approved by the Board of the Financial Regulatory Commission (FRC) to help grow green …
Ministry of Finance promoting transparency and efficiency initiatives
Within the framework of the ‘Ertech Mongol’ program (meaning ‘Early Mongolian’ in Mongolian), the Civil Service Council of Mongolia is organizing a series of meetings and discussions with government …
Belarus’ Development Bank to finance supply of Belarusian farm machines to Mongolia
In 2021, the Development Bank of the Republic of Belarus (DBRB) will issue a €4.5 million loan to finance the supply of Belarus tractors and agricultural equipment made by Minsk Tractor Works (MTZ …
Mongolian small businesses getting ready to export to the European Union
The EBRD and EU, together with EuroChamber, are launching the ‘SME Export capacity building’ project to pave the way for Mongolian SMEs to enter the European market.