The Coronavirus pandemic and the new world it is creating
COVID-19 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different. How different will depend on the choices we make today.
Green Pasture project incentivizes herders to adopt sustainable rangeland
The Green Gold and Animal Health Project of the Swiss Agency for Development and Cooperation and XacBank are partnering with the Mongolian National Federation of Pasture User Groups (PUGs) in the implementation of Green Pasture Project-soft loan project in Chandmana soum of Hovd aimag. The Project aims to promote responsible herding practices and reverse rangeland degradation through innovative financial incentives.
BREXIT: What does it mean for the European Union and our partners?
On 31 January 2020, the United Kingdom left the European Union. We lost a member of our family. It was a sad moment for us, for European citizens – and, indeed, for many British citizens.Nevertheless, we have always respected the sovereign decision of 52% of the British electorate, and we now look forward to starting a new chapter in our relations.
Josep Borrell: "It’s time to translate Europe’s and Asia’s power into a real partnership"
Message from the High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the European Commission Josep Borrell: "It’s time to translate Europe’s and Asia’s power into a real partnership"
The Mongol Messenger announces English essay contest
The Mongol Messenger, English weekly newspaper operated by the national news agency MONTSAME announces its annual essay contest in English among 10-12 grade students of high schools in Ulaanbaatar.
Banking on action: How ADB achieved 2020 climate finance milestone one year ahead of time
As they extend their power grids, build more roads and bigger cities, and cultivate forestland, developing countries in Asia and the Pacific are increasingly contributing to the global climate change problem. Two of the top three emitters of greenhouse gases are developing countries in Asia—the People’s Republic of China and India. At the same time, five Asian developing countries are among the top 10 most climate-vulnerable countries in the world. Across the region, livelihoods and economic growth are increasingly exposed to climate change impacts and disaster risk. Clearly, Asia and the Pacific must play a strong role in efforts to address climate change.
ROK-Mongolia Takes the First Step in Personnel Administration Cooperation
Our bilateral cooperation in the area of personnel administration has just begun. The Ministry of Personnel Management will provide active exchanges and support so that personnel administration will become a major cooperation area between Korea and Mongolia.
Sport climbing center 'Olympic' opens
On October 18, 2019, a sport climbing center opened its doors, launching its 14 meter-high sport climbing wall.
Malnutrition- A crisis in the making?
Food insecurity in Mongolia is higher in the capital city compared to smaller towns and rural areas. This indicates a changing face of hunger and malnutrition in Mongolia as people migrate to capital city in search of productive employment and better income opportunities but instead get caught into the web of seasonal informal employment, higher reliance on markets for meeting food needs and vulnerability to market shocks.
Opinion: Black terror: The real threat to freedom in Hong Kong
A shroud of blackness is spreading in Hong Kong. Black-clad people chant hateful slogans; black masks hide mobsters' identity as they bludgeon passersby with black umbrellas unfurled to hide from media cameras, all supposedly in the name of democracy and freedom
Khan Bank receives Euromoney award for tenth time
Euromoney Magazine, which assesses developments and trends in the global banking and financial industry, has named Khan Bank the Best Bank in Mongolia for the tenth time.
Scaling up support for sustainable development: Mongolia on the rise
Op-Ed by Ms. Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
A 'victory' for Mongolian foreign policy
Last week marked an important milestone for not only US-Mongolian relations, but also for Mongolian foreign policy. The declaration on strategic partnership between Washington and Ulaanbaatar was signed during President Kh. Battulga’s visit to the US on July 31, 2019, making Mongolia the 17th country to sign such an agreement with the US.It has often been argued Mongolia is a small, developing country with an annual GDP of only USD 12 billion, sandwiched between two huge authoritarian regimes with nuclear capabilities; hence, the nation is in no position to attract the interests of the US at a level high enough to warrant a strategic partnership. Nonetheless, Mongolia succeeded in securing its biggest and most crucial step to date in consolidating its Third Neighbor Policy focused on expanding relations with the Western world.
Strengthening Human Resources of the Civil Service
Mongolia is implementing Civil service law from the beginning of this year. Experiences of the other countries with advanced Civil service is exampling for us. The Cabinet Secretariat of Mongolia and the Ministry of Personnel Management of the Republic of Korea signed a Memorandum of Understanding on March 14, 2019. Before the MoU signing ceremony, the Minister of Mongolia, Chief Cabinet Secretary Luvsannamsrai Oyun-Erdene and Minister of Personnel Management of the Republic of Korea Hwang Seo-chong exchanged their views on the human resource management in the civil service.
Sustainable Tourism as a driver of growth
Globally, international tourist arrivals are expected to reach 2.44 billion by 2030, a 75 percent increase over 2018, with Asia and the Pacific projected to account for a third of this number.The fact shows how important role tourism can play in the economic development of countries. Therefore, Asian Development Bank, largest multilateral development bank in Asia and the Pacific is focusing on tourism and one of topics of the 52nd Annual Meeting of ADB's Board of Governors was sustainable tourism as a driver of growth.
ADB to raise private business loans
Mongolian private companies have possibility to borrow loans up to a combined USD1 billion from Asian Development Bank, underlines Finance Minister of Mongolia Ch.Khurelbaatar. The Finance Minister took part in the 52nd annual meeting of ADB Governors held on May 1-6, sharing Mongolia’s views and positions with representatives of ADB, its largest development partner, and other partners.
Open Editorial: A better alternative to interest rate caps
The Mongolian Parliament is currently discussing the introduction of interest rate caps on lending rates by financial institutions. An interest rate cap is a ceiling on lending rates with the purported aim of lowering the cost of borrowing and protecting borrowers from predatory lending practices. The appeal of such controls on lending rates is understandable. However, international experience suggests that interest rate caps often do more harm than good.
Heeding the Zeitgeist
Just as the Parliament was about to discuss the amendment bill to the Law on the Legal Status of Judges, the current and former leadership of the Democratic Party held a hasty press conference at late hours of the night, vehemently opposing the legislative process.
D.Sumiyabazar: licenses of Eco Altan Zaamar will be cancelled
Minister D.Sumyabazar informed the ministry’s decision to cancel all of four mining licenses of Eco Altan Zaamar Company, adding that the Ministry is waiting for a conclusion to be issued by the State Professional Inspection Agency.
Minister D.Tsogtbaatar: Introduction of new political culture required for establishment of wealth fund