Exports of mineral products drop by 22.5 percent
Revenue from exports of mineral products reached USD 639.7 million in the first two months of this year, showing a decrease of 22.5 percent from the same period of 2019.
MNT 21.4 billion granted for wheat incentives
Incentives worth MNT 21.4 billion have been granted to 747 entities and individuals who supplied 223 thousand tons of food wheat from the harvest of the last year.
Country has petroleum reserve for 40 days consumption
The first confirmed case of COVID-19 infection has been recorded in Mongolia today.
Reserve-meat to be sold through 279 sales points from today
Minister of Food, Agriculture and Light Industry Ch.Ulaan reports that reserve meat for consumption of Ulaanbaatar citizens will start to be sold from today through 279 sales points.
Khan Bank becomes the first bank in Mongolia to use the SWIFT gpi for international payments
SWIFT’s global payment innovation (SWIFT gpi), was first launched at the beginning of 2017 to become the new standard in global payments and has been adopted by around 4,000 financial institutions around the world, including 60 top global banking groups.
Meeting held to discuss economic difficulties caused by COVID-19 spread
The State Emergency Commission has made a decision to declare heightened state of readiness for prevention of COVID-19 infection.
New U.S.-Mongolia partnership to expand access of local businesses to financial services
Ulaanbaatar /MONTSAME/. The U.S. government, through the United States Agency for International Development (USAID), today formally launched a five-year, MNT 41.3 billion ($15 million) Business Excellence for Sustainability and Transparency (BEST) project to help grow and diversify Mongolia’s economy by increasing lending to small and medium enterprises (SMEs) and improving economic governance and accountability.
Coal export through Zamyn-Uud checkpoint resumed
Beginning March 4, heavy trucks loading coal started crossing the border through Zamyn-Uud border checkpoint after being fully decontaminated.
UNFAO implements early action emergency project for herders
Based on the Dzud risk map issued on 2nd of January by the Mongolia National Agency for Meteorology and Environmental Monitoring (NAMEM) the Food and Agriculture Organization of the United Nations in Mongolia (UNFAO) implemented “Early Action to protect the key livestock-related assets of vulnerable herder households in areas at very high dzud risk” SFER/GLO/005/MUL BABY09 project.
World Bank Group announces up to USD12 billion support for COVID-19 country response
As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus).
State Bank signs MoU to cooperate with Development Solutions NGO
Through ‘Development Solutions’ NGO, the United States Agency for International Development (USAID) is implementing many projects towards the improvement of SME’s access to credit.
Mongolia imported 541.5 thousand tons of gasoline in 2019
Mongolia imported 541.5 tons of gasoline in 2019, according to the statistics of Mongolian Customs General Authority.
Mongolian and Belarusian entrepreneurs to cooperate
President of Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin met with Deputy Chairman of Belarusian Chamber of Commerce and Industry (BelCCI) Sergei Nabeshko in Minsk, Belarus.
Gold purchase increases 10-fold
As of first two months of 2020, the Bank of Mongolia purchased total of 4.3 tons of gold, of which 952 kg of gold was purchased in February. The figure represents the increase of 856 kg compared with February, 2019 which was 96 kg.
MNT 44 billion disbursed for mortgage
In February 2020, mortgage loans worth MNT 44 billion were disbursed to 634 borrowers.
Old note of MNT 20 thousand started to be drawn back
By the order of the central bank governor, banknotes of MNT 20 thousand issued in 2006, started to be drawn back from circulation from March 1.
ADB to help modernize vegetable production, irrigation in Mongolia
Ulaanbaatar /MONTSAME/. The Asian Development Bank (ADB) has approved $40 million in loans to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.
Shares of 'Ulsyn Ikh Delguur' and 'LendMN NBFI' increase in price
On February 28, 2020, 240,147 shares of 22 firms worth MNT 39,396,598 were traded. 5 companies’ shares increased in price and 17 companies' shares declined.
Coal and petroleum export to resume from March 15
At its regular meeting held today, the Cabinet adopted a resolution on supporting the economy of Mongolia in period of heightened state of readiness for prevention of coronavirus infection.
Minister D.Tsogtbaatar: Introduction of new political culture required for establishment of wealth fund