Mongolia’s Bond Risk Premium Decreases to Historic Low of 2.27 Percent

The Government of Mongolia issued a USD 500 million bond with an interest rate of 6.625 and a maturity of five years under the “Century IV” project and began trading it on the international securities market. The initial order for the newly issued bond exceeded the trading volume by 8.2 times, reaching USD 4.1 billion. […]

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“White Gold” National Movement to Double Mongolia’s Wool and Cashmere Exports

On February 13, 2025, President of Mongolia Khurelsukh Ukhnaa visited “Sor Cashmere,” “Snow Fields,” and “Ulaanbaatar Hivs” companies under the “White Gold” National Movement.  The President has initiated the “White Gold” National Movement to enhance the value of livestock-derived raw materials. The successful implementation of the Movement will increase the production and export of internationally […]

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Prime Minister of Mongolia on a Working Visit to the People’s Republic of China

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai is on a working visit to the People’s Republic of China. As part of the working visit, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai will meet with Premier of the State Council of the People’s Republic of China Li Qiang on February 14, 2025. After the meeting, the two sides […]

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Mongolia becomes first country in Asia to join web platform for political finance transparency

The Open Government Partnership (OGP) Asia and the Pacific Regional Meeting was held in the Philippines on February 5-7, Montsame reported. During the meeting, Head of the Office of the General Election Commission (GEC) of Mongolia D. Bat-Erdene, and Foreign Relations and Cooperation Officer B. Uyanga, participated in ministerial level discussions, interviews, and meetings, where […]

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Mongolian Company Exports Processed Cashmere and Wool Products to 17 Countries

The “Sor Cashmere” company collaborates with more than 150 local knitting workshops and exports its products to 17 countries, including the Federal Republic of Nepal, Japan, the Russian Federation, the People’s Republic of China, the United States, the Republic of Korea, the Italian Republic, the Republic of Kazakhstan, and the Republic of India. The company […]

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Mongolian PM orders removal of barriers and bureaucracy to starting a business

At the regular Cabinet meeting on February 5, 2025, Minister of Economy and Development Gantumur Luvsannyam presented the criteria for the “Doing Business” report. In this regard, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai instructed relevant officials to eliminate barriers and bureaucracy when starting businesses and reduce state involvement in economic activities. The Economic Development Council, headed by the Prime […]

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Deputy Speaker of the Parliament Meets with the ADB Country Director for Mongolia

On January 29, 2025, Deputy Speaker of the State Great Khural (Parliament) of Mongolia Bulgantuya Khurelbaatar met with Country Director of the Asian Development Bank (ADB) for Mongolia Shannon Cowlin. At the meeting, Deputy Speaker Bulgantuya Khurelbaatar expressed appreciation for the ADB’s continuous cooperation with Mongolia since 1997, particularly through grants and technical assistance projects […]

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