Ch.Enkhbat, deputy director of Development Bank of Mongolia and G.Jigjidsuren, director of the Organisation for Economic Co-operation and Development of Mongolia have visited the city of Shenzhen in China.
Coal miners operating in Mongolia are betting on China’s massive ’One Belt, One Road’ programme to improve access to existing markets in China and Russia and enter new ones as far afield as Eastern Europe.
During March, the Ministry of Environment and Green Development will be organising an interesting series of events entitled ‘The Nomadic Winter 2017’. The series will open with an ‘Eagle Festival’ at the Chinggis Khaani Khuree camp on 5th of March.
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.
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.
Mongolia has reached an initial agreement with the International Monetary Fund (IMF) for a three-year programme that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments.