Ulaanbaatar
Mongolia Participates in the Global Finance Forum 2025
Economy
Ulaanbaatar, May 21, 2025 /MONTSAME/. Deputy Governor of the Bank of Mongolia Enkhtaivan Ganbold participated in the Global Finance Forum organized by Tsinghua University PBCSF in Shenzhen, the People's Republic of China, on May 17-18.
During the panel discussion on "The Emerging Market Debt Crisis: Implications for Strengthening Financial Governance Systems," Deputy Governor Enkhtaivan presented an overview of Mongolia’s foreign debt situation as of 2024.
Deputy Governor of the Bank of Mongolia Enkhtaivan noted, “Mongolia’s total external debt has reached USD 37.2 billion, of which 75 percent is held by the private sector, particularly in the mining industry. Since the enactment of the Monetary Regulation Law in 1994, Mongolia has established a debt management framework, and by adopting the International Monetary Fund’s data dissemination standards, the country has improved transparency and debt oversight.”
At the Forum’s Opening Session, former Governor of the People’s Bank of China Zhou Xiaochuan, Deputy Party Secretary of Tsinghua University Guo Yong, and Dean of the PBC School of Finance Jiao Jie participated. Furthermore, former Prime Minister of Poland Marek Belka and Recipient of the Nobel Memorial Prize in Economic Science Michael Spence delivered keynote speeches under the theme “Shared Future: Building an Open and Inclusive Economic and Financial System.”
The Global Finance Forum brought together around 100 high-ranking officials, researchers, and industry experts from around the world to discuss pressing economic and financial issues.
