1 MONGOLIAN POLITICAL PARTIES INFLUENCE ECONOMIC OUTCOMES WWW.NEWS.MN  PUBLISHED:2017/10/20      2 HOW TO HELP PEOPLE IN MONGOLIA: ORGANIZATIONS ON THE GROUND WWW.BORGENPROJECT.ORG  PUBLISHED:2017/10/20      3 MONGOLIAN POVERTY RATE ESTIMATED AT NEARLY 30 PCT WWW.NEWS.XINHUANET.COM  PUBLISHED:2017/10/20      4 MONGOLIAN SOVEREIGN BOND REPAYMENT PLAN IN 2018 WWW.NEWS.MN  PUBLISHED:2017/10/20      5 VNESHECONOMBANK FINANCES AGRICULTURAL EQUIPMENT EXPORTS TO MONGOLIA WWW.VEB.RU  PUBLISHED:2017/10/20      6 MONGOLIA FORMS NEW GOVERNMENT WWW.NEWS.XINHUANET.COM PUBLISHED:2017/10/20      7 ELEMENTARY SCHOOL CHILDREN LEARN ABOUT MONGOLIA WWW3.NHK.OR.JP PUBLISHED:2017/10/20      8 OCTOBER 19, 2017 TRADING REPORT WWW.MSE.MN PUBLISHED:2017/10/20      9 RECESSION IN RUSSIA OVER & ECONOMY MOVING TO GROWTH - WORLD BANK WWW.RT.COM  PUBLISHED:2017/10/20      10 IMPLEMENTATION OF VIENNA PROGRAM OF ACTION FOR LLDCS DISCUSSED AT UNGA SESSION WWW.MONTSAME.MN  PUBLISHED:2017/10/20      ИМПОРТ 27.9 ХУВИАР ӨСӨЖ, 3.1 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЭВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/20     АГААР ОРЧНЫ БОХИРДЛЫГ БУУРУУЛАХ ТЕХНИК, ТЕХНОЛОГИ МЭДЭЭЛЛИЙН ТӨВ ҮҮДЭЭ НЭЭЛЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/10/20     ДАМЖИН ӨНГӨРӨХ ТЭЭВРИЙН ТАТВАРЫГ 50-60 ХУВЬ ХӨНГӨЛНӨ WWW.UNUUDUR.MN  НИЙТЭЛСЭН:2017/10/20     БҮРТГЭЛТЭЙ АЖИЛГҮЙ ИРГЭДИЙН ТОО 13.2 ХУВИАР БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/20     10-Р САРЫН 19-НИЙ ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN  НИЙТЭЛСЭН:2017/10/20     ENTRÉE RESOURCES: “ОЮУ ТОЛГОЙ”-ИЙН ДАЛД УУРХАЙН IV БОСОО АМНЫ АЖЛЫГ 2018 ОНООС ЭХЛҮҮЛНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/20     ХАДГАЛАМЖ ЗЭЭЛИЙН ХОРШООДЫН ОЛГОСОН ЗЭЭЛИЙН ХЭМЖЭЭ 104 ТЭРБУМ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/20     “БҮС НУТГИЙН-ТЭЭВЭР ЛОГИСТИКИЙН ХАМТЫН АЖИЛЛАГАА-ХӨГЖЛИЙН ЗАМ” СЭДЭВТ ОЛОН УЛСЫН БАГА ХУРАЛ БОЛЛОО WWW.DNN.MN НИЙТЭЛСЭН:2017/10/20     EРӨНХИЙ САЙД У.ХҮРЭЛСҮХИЙН ТЭРГҮҮЛЭХ ШИНЭ ЗАСГИЙН ГАЗАР БҮРДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/10/20     Ч.ХҮРЭЛБААТАР: ЗАСГИЙН ГАЗАР ДОТООДЫН БАНКУУДААС ӨНДӨР ХҮҮТЭЙ ЗЭЭЛ АВЧ БАЙГААГ ТЭГЛЭНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/19    

Events

Name organizer Where
MBD бизнес хөтөлбөр Лондон хот, Их Британи MBD London UK
Израйлийн худалдаа, хөрөнгө оруулалтын газрын төлөөлөгчид Монгол Улсад айлчилна

NEWS

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Mongolian political parties influence economic outcomes www.news.mn

While true that Mongolia’s economy is heavily dependent on fluctuating coal and copper prices, it is also true that the country’s political parties increasingly influence economic outcomes.

According to The Asia Foundation’s annual survey on perceptions of corruption in Mongolia, in 2010, political parties ranked fifth on a list of the 16 most corrupt entities. By 2017, political parties had reached second place, just behind the Land Affairs Authority.

The findings point to a worrying trend: as the amount of money needed to win an election increases, political parties are looking to “secret, private” donors, giving rise to questions of transparency and fairness in the electoral process. Economists argue that if this pattern continues, it will negatively affect Mongolia’s investment patterns and economic performance.

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How to Help People in Mongolia: Organizations on the Ground www.borgenproject.org

27 years after the revolution that would lead the Mongolia to a democratic form of government, the country faces social and economic issues that have yet to be resolved. Mongolia’s current poverty issues are mostly connected to its climate and natural disasters such as severe snow storms over the winter and droughts during the summer. The characteristic nomadic way of living is slowly fading because of how animals, as well as their owners, are gravely affected by such climate conditions.

As a country whose economy relies on agriculture and cattle raising, such natural impacts destroy Mongolia’s economy from the root. Thus, Mongolia’s poverty is higher in the rural areas than in major cities.

The Red Cross has been successfully helping Mongolia’s population during the “dzud,” a natural disaster seen only in Mongolia that is distinguished by its severe low temperatures. 2010 was the culminating point, when eight million animals were killed by the natural phenomenon.

By working hand in hand with families within the affected communities, the Red Cross has provided supplies, shelter, physical and emotional support throughout 17 different provinces across Mongolia.

But the different ways of how to help people in Mongolia encompass more than the effects of extreme weather, and therefore have to be tackled with a variety of concepts and strategies.

The United Nations has been working with Mongolia and its citizens to develop an integrated national system as well as macroeconomic plans, which were previously lacking. These strategies have decreased unemployment and reduced poverty due to their economic impact in the country.

The organization People in Need have been working with the country of Mongolia for decades. The NGO ensures access to healthcare for habitants in remote locations, distributes food around the country and helps rebuild rural areas after harsh weather events, among other forms of aid.

How to help people in Mongolia is a question with a simple answer. Creating and spreading awareness is key, and the companies mentioned above and many more are successfully doing this every day. There is hope for Mongolia.

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Mongolian poverty rate estimated at nearly 30 pct www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) -- Nearly one in three Mongolians were living in poverty in 2016, according to a report released on Thursday.

The report, titled "Poverty Situation -- 2016" and released by Mongolia's National Statistical Office and the World Bank, found that the poverty rate increased by eight percentage points from that of 2014 to hit 29.6 percent.
It means that nearly a million Mongolians out of a population of 3 million were living in poverty.
Mongolia's economic growth has been slowing in recent years. Growth was 7.9 percent in 2014 but fell to 1.2 percent last year.

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Mongolian sovereign bond repayment plan in 2018 www.news.mn

In January 2018, Mongolia is expecting to repay the 'Chinggis' sovereign bond of USD 500 million and the DIM Fund’s bond of USD 160 million in May. According to former Finance Minister B.Choijilsuren, Mongolia will be able to repay bonds on time. He said, ‘we have created the financial situation which can make the repayment of the two bonds valuing a total of USD 660 million possible before the new cabinet begins operation’.

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Vnesheconombank finances agricultural equipment exports to Mongolia www.veb.ru

Vnesheconombank has provided financing for a project to supply Russian manufactured agricultural machinery to Mongolia within a USD10m facility granted to Development Bank of Mongolia.

The export project brings together seven Russian agri-machinery manufacturers: Combine Plant Rostselmash LLC, JSC Clever, JSC Buzuluk Heavy Engineering Plant, Voronezhselmash LLC, Kazanselmash LLC, Basis LLC, Omskagroservis LLC.

According to Nikolay Tsekhomsky, Vnesheconombank First Deputy Chairman - Member of the Board, the deal marks the continuation of successful cooperation between Vnesheconombank and Development Bank of Mongolia, paving the way for Russian exporters to Mongolian market and for Mongolian partners - to Russian equipment supplies on favourable terms using export credit funding.

Vnesheconombank and Development Bank of Mongolia are now considering the possibility of joint implementation of other high-potential Russian export projects in Mongolia.

Development Bank of Mongolia was founded in 2011 by Order of the Mongolian Government. The bank’s sole shareholder is the Mongolian Government. The activity of the bank is governed by the Development Bank Act. The bank specializes in financing projects with positive commercial and social impact. The bank’s consolidated assets as at 30.06.2017 amounted to USD129.3m, with equity capital of USD431m and 2Q2017 income of USD43.4m.

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Mongolia forms new government www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) Mongolia formed a new government, led by Prime Minister Khurelsukh Ukhnaa, on Thursday after two days of parliamentary discussions.

The new cabinet is expected to tackle challenges of reducing poverty, recovering the economy, developing the country's mining industry and attracting foreign investments.
It is faced with heavy external and internal debts amounting to over 73 percent of the gross domestic product of the landlocked east Asian country.
The parliament confirmed Ukhnaa's appointment on Oct. 4. It dismissed in early September the former government led by Jargaltulga Erdenebat, who was allegedly violating parliamentary procedures by granting contracts to companies linked to three cabinet members.
On the cabinet list, Enkhtuvshin Ulzisaikhan is appointed as deputy prime minister, Zandanshatar Gombojav as head of the cabinet secretariat, Enkhbold Nyamaa as defense minister, Tsogtbaatar Damdin as foreign minister, Khurelbaatar Chimed as finance minister, Sumiyabazar Dolgorsuren as mining and heavy industry minister, Batzorig Batjargal as food, agriculture and light industry minister, Nyamdorj Tsend as justice and home affairs minister, and Davaasuren Tserenpil as energy minister.

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Elementary school children learn about Mongolia www3.nhk.or.jp

Elementary school children in Gosen City, Niigata Prefecture, have had an opportunity to learn about Mongolia. The city will host athletes from the central Asian nation during the 2020 Tokyo Olympics and Paralympics.

97 elementary school students in the city attended a special class on Wednesday given by Khurelbaatar Indra. She is a Mongolian who promotes international cultural exchanges in the prefecture.

The children learned about a Mongolian game, which is played by shooting sheep bones with the fingers. They also listened to a "morin khuur." It is a traditional stringed musical instrument.

During lunchtime, the children enjoyed 3 Mongolian dishes. One of them, stir-fried rice, is commonly served at home in the country.

Indra said she is happy to see exchanges between the prefecture and Mongolia developing further.

Gosen City receives Mongolian students every year. They participate in an exchange program and stay with local families. Gosen was chosen to be one of the host cities for Mongolian Olympic athletes during the upcoming summer games.

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October 19, 2017 trading report www.mse.mn

On October 19, 2017, 136,396 shares of 26 firms listed as Tier I, II, and III were traded. 13 firms’ shares increased in price, 9 decreased and 4 remained unchanged. Monnoos JSC /MNS/ was the top performer, increasing 12.16 percent, whereas Ar Bayarkhangai JSC /ABH/ was the worst performer, decreasing 12.00 percent.

On the secondary market for government securities, 1,584 bonds worth MNT158.2 million were traded.

The MSE ALL Index rose 0.18 percent to stand at 1,167.92 . The MSE market cap stands at MNT 2,287,585,337,317.

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Recession in Russia over & economy moving to growth - World Bank www.rt.com

The Russian economy has overcome the recession and returned to moderate growth this year, according to the latest report from the World Bank.

“The countries of Central Europe and the western part of the Balkan Peninsula continue to record steady GDP growth, while Russia and Belarus have emerged from the recession,” said the bank in its report on European and Central Asian economies.
It explained the Russian economy was supported by higher oil prices and macro stabilization.

The World Bank forecasts the economy will grow by 1.7 percent this year and next, and by 1.8 percent in 2019.

Alexey Druzginin / Anton Denisov / Russian Presidential Press OfficeRussian economy to grow steadily in next 5 years, but has capacity for more – IMF
"The medium-term growth forecast for Russia has slightly improved after a faster-than-expected recovery in demand on the domestic market and due to higher exports,” said the report.

“Structural reforms are required for the improvement of the Russian economy’s long-term growth.”

The bank’s experts have attributed economic risks to "low oil prices and the possible negative consequences” of the expansion of anti-Russian sanctions.

Last week, the International Monetary Fund (IMF) raised its forecast for Russia's 2017 GDP growth to 1.8 percent from its previous estimate of 1.4 percent. The IMF sees next year’s growth at 1.6 percent.

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Implementation of Vienna program of action for LLDCS discussed at UNGA session www.montsame.mn

Ulaanbaatar /MONTSAME/ Director of the Multilateral Cooperation Department of the Mongolian Foreign Ministry O.Enkhtsetseg attended a meeting of the 72nd Session of United Nations General Assembly Second Committee, which discussed the facing issues of landlocked developing countries (LLDCs).

The UN members presented an implementation course of the Vienna Program of Action for LLDCs (2014-2024) in their countries and highlighted the necessity of making efforts in improving infrastructure, business environment, strengthening private and public entities, producing VAT included products, financing infrastructure sector and increasing studies on investment and technical assistance.

O.Enktsetseg informed about the Mongolian Government’s policies and actions for implementing in the frameworks of the Vienna Program of Action and presented the national implementation progress and its priorities.
"Mongolia aims to join international and regional agreements to facilitate trade and transport, actively participating in regional economic integrations, and is cooperating with the two neighbors within the frames of ‘Belt and Road’ initiative, said O.Enkhtsetseg. She then informed that the Government decided to establish the Investment and Research Center for the Economic Corridor program and the National Committee on Trade Facilitation to ensure the implementation of WTO Trade Facilitation Agreement.

O.Enkhtsetseg further noted that the Mongolian Government of Mongolia is holding an international forum entitled 'Regional Transport and Logistics Cooperation' on October 19-20 in cooperation with United Nations Economic and Social Commission for Asia and the Pacific.

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