Economy
The Trade and Development Bank of Mongolia and France’s State-Owned Investment Bank BPIFrance Signed a Memorandum of Understanding for Strategic Cooperation
Through this strategic partnership, TDB and BPIFrance have committed to strengthening their collaboration across various sectors, with a focus on promoting business development, economic growth, and the enhancement of bilateral trade activities between the two countries.
212天
Major French Investment Bank to Partner with Mongolian Entrepreneurs
A delegation of French business leaders, led by Claude Imauven, Chairman of the Mongolian-French Business Council of MEDEF (Mouvement des Entreprises de France) and Chairman of the Board of Directors of “Orano” Group, arrived in Mongolia to explore business partnerships with Mongolian entrepreneurs.
213天
Mongolia Plans to Export 83 Million Tons of Coal and 1.8 Million Tons of Copper Concentrate in 2025
Minister of Finance of Mongolia Javkhlan Bold presented the draft State Budget for 2025 during the session of the Standing Committee on Economic Affairs of the State Great Khural of Mongolia, stating “The following budget of 2025 is notable by fully supporting regional development for the first time."
213天
Steppe Copper and Cuprum Energy to Collaborate in the Hydrometallurgy Sector
The first session of the Mongolian-Kazakh Joint Business Council was held on October 29, 2024, at the Mongolian National Chamber of Commerce and Industry.
214天
Premier Oyun-Erdene: State Budget for 2025 is the First to Focus on Regional Development Reform
The “National Forum on Regional Development” was held on October 26, 2024, to define the development policies for seven regions of Mongolia.
214天
Trade and Development Bank of Mongolia and the United States International Development Finance Cooperation Officially Sign Long-Term Financing Agreement
The Trade and Development Bank (TDB) officially held a signing ceremony for a long-term financing agreement with the U.S. International Development Finance Corporation (DFC), the United States of America’s development finance institution., on October 24, 2024, in Washington DC, USA.
214天
Sales of Extractive Industries Increased by MNT 3.9 Trillion Compared to Last Year
According to the preliminary results, the production of mining and extractive industries of Mongolia reached MNT 17.1 trillion in the first nine months of 2024, an increase of MNT 1.9 trillion compared to the same period of the previous year. 
226天
Need of More Processed Cashmere to Earn More Profit Emphasized
A total of 10 thousand tons of cashmere is produced yearly in Mongolia and if raw and washed cashmere export is banned more processed or value-added cashmere would be exported, making significantly higher profits, emphasized Executive Director of Mongolian Wool and Cashmere Association Altantsetseg Duger at a scientific conference “Mongolian Cashmere Study-2024”.
228天
Export Consist of Precious Stones, Metals, Jewelry, and Textiles Products
Mongolia conducted trade with a total of 154 countries in the first nine months of 2024, with total foreign trade turnover reaching USD 20.4 billion.
228天
Trade and Development Bank of Mongolia Successfully Secures Long-Term Financing from U.S. International Development Finance Corporation
Trade and Development Bank (TDB) successfully secured long-term concessional funding by signing a finance agreement with the U.S. International Development Finance Corporation (DFC) on September 30, 2024, noting a first-time direct correspondence of Mongolian banking and financial institutions with DFC, a U.S. Government Agency.
228天
National Seminar on Nuclear Power Infrastructure Held in Ulaanbaatar
On October 14, 2024, a National seminar and discussion under the theme “Nuclear Power Infrastructure: National Position and Planning” organized by the Nuclear Energy Commission of Mongolia took place at the Library of the National University of Mongolia, Ulaanbaatar.
229天
Mongolia Partners with the EU and EBRD to Boost Renewable Energy Infrastructures
On October 8, 2024, State secretary of the Ministry of Finance of Mongolia, Ganbat Jigjid, and the EBRD President Odile Renaud-Basso signed “Choir-Sainshand Transmission Line Project” additional Grant Agreement of EUR 8 million from the European Union.
234天
World Bank Report Spotlights Pathways to Strengthen Mongolia's Economic Resilience
The World Bank Group published the "Mongolia Country Climate and Development Report," which details comprehensive reforms that complement Mongolia's current climate and development strategies while balancing environmental concerns with economic growth.
234天
Mongolian Foreign Trade Turnover Reached USD 20.4 Billion as of September
As of the first nine months of 2024, the total foreign trade turnover reached USD 20.4 billion, a 13 percent increase of USD 2.3 billion compared to the same period last year. The export value exceeded the import value by USD 3.2 billion, resulting in a positive trade balance.
234天
Mongolia Exported 5.4 Million Tons of Coal in September of this Year
Mongolia has set a target to export 78.1 million tons of coal in 2024, having achieved over 70 percent of its annual coal export target in the first nine months.
234天
Mongolia Mining 2024: A Platform for Collaboration and New Technologies
The “Mongolia Mining 2024” International Mining Expo is being held on October 8-10, 2024, at Buyant Ukhaa Sports Palace.
235天
“S&P” Upgrades Mongolia's Credit Rating to "B+"
The Ministry of Finance of Mongolia announced on October 4, 2024, that the “S&P” international agency upgraded Mongolia’s credit rating to “B+ Outlook positive.”
235天
S&P Upgrades Development Bank of Mongolia's Credit Rating to B+
On October 4, S&P Global upgraded the long-term credit rating of the Development Bank of Mongolia to ‘B+’, with a positive outlook. Additionally, the bank’s short-term credit rating was affirmed at ‘B’. The decision to upgrade the credit rating is primarily due to the improved credit rating of Mongolia.
237天
Prime Minister Tasks the Ministry of Finance to Create a Plan for Improving Credit Ratings
Minister of Finance of Mongolia Javkhlan Bold presented Cabinet Members a general overview of the country’s credit ratings, noting that Fitch Ratings upgraded Mongolia’s credit rating to “B+ Stable.”
248天
ADB Forecasts Sustained Economic Growth in Mongolia Through 2025
Strong external demand, rising consumption, and government expenditure are expected to drive continued economic expansion this year, leading to a higher 2024 growth forecast for Mongolia’s gross domestic product (GDP), according to the Asian Development Bank (ADB).
249天
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就改善口岸基础设施交换意见 3天
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部分边境口岸将暂时关闭 4天
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国家大呼拉尔社会政策常委会主席接见英国驻蒙古国大使 4天
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明年通胀率将维持在7% 4天
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奥地利总统及夫人共同种植纪念树 5天
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陆路军事工程部队联合演习 6天
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蒙古国艺术家参加“首尔友谊大节” 6天
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经济发展部与中方就矿产品出口交换意见 6天
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蒙古国本周活动目录 6天
奥地利总统抵达乌兰巴托开始对蒙古国进行国事访问 7天
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蒙古国，乌兰巴托市，青格尔泰区，巴·吉格吉德扎布街-8，代号-15160，邮箱-1514, info@montsame.gov.mn
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