1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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IMF Board to approve Mongolia's aid programme www.news.mn

The executive board of the International Monetary Fund (IMF) will meet later today, 24th of May, regarding approval of Mongolia's request to be included in the Extended Fund Facility (EFF) programme. The meeting will be held in Washington DC, at midnight Mongolian time.

A staff team from the IMF,">IMF, led by Koshy Mathai, has visited Ulaanbaatar twice since March. In order to comply to IMF conditions, the Government of Mongolia has amended its State Budget. Mongolia has reached an initial agreement with the IMF for a three-year programme that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with its looming debt repayments.

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Discussion held on improving the quality of higher education www.theubpost.mn

 
The Ministry of Education, Culture, Sciences, and Sports and the Standing Committee on Social Policy, Education, Culture and Science (SCSPECS) organized a discussion of the challenges facing the higher education system on Monday at the State House.
 
Minister of Education, Culture, Sciences, and Sports J.Batsuuri, MPs, state education officials, and directors, lecturers, and researchers from universities participated in the discussion to talk about how to improve the quality of higher education.
 
Head of the SCSPECS L.Enkh-Amgalan stated that developed countries concentrate on educating their students to help them become globally competitive and competent citizens, and they evaluate the job placement rates of universities.
 
L.Enkh-Amgalan said Mongolia needs to enhance the legal and regulatory environment to raise the number of students who graduate to become globally competitive and to enroll new students based on the demands or the job market.
 
Minister J.Batsuuri pointed out that the ministry is working on developing university-based research, and that the ministry would work to include the initiatives, recommendations, and conclusions from the discussion in the higher education policies developed by the government.
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Nalaikh to focus on water conservation and mining rehabilitation www.theubpost.mn

A working group led by Mayor of Ulaanbaatar S.Batbold reviewed wastewater treatment, freshwater resources, and mining operations in Nalaikh District last Friday.
 
Officials consider new wastewater treatment facilities
 
The working group discussed increasing the number of wastewater treatment facilities around Ulaanbaatar after seeing the stable and steady operations of a wastewater treatment facility in Gorodok Town in 5th khoroo.
 
Officials said they were impressed with the facility’s efforts to manage the local wastewater problem and to reduce the workload of the Central Wastewater Treatment Plant in Ulaanbaatar.
 
Mayor S.Batbold underlined that wastewater treatment is becoming a serious issues as more people settle within the capital and said, “This wastewater treatment facility in Gorodok Town uses the same kind of technology used by large treatment facilities worldwide. We need to expand it. I believe that districts and ger areas near the suburbs need to have this kind of facility.”
 
The Mayor also touched on waste management problems, emphasizing the need to process industrial and household waste separately.
 
G.Chuluunbat, the director of the locally-owned company Chandmani Nalaikh, which manages the facility, responded, “Our treatment facility utilizes biological treatment methods. The greywater that comes out of our facility can be used to irrigate trees and a large agricultural field. In other words, it’s possible to establish an authority in charge of nurseries and reforestation here. I believe that this will be very beneficial to the economy of Nalaikh District.”
 
The wastewater treatment facility in Gorodok Town was commissioned in July 2015, to prevent wastewater from flowing into the Tuul River. The facility is capable of treating 1,000 cubic meters of water a day using biological methods and microorganisms, but right now, it treats a daily average of 300 cubic meters of wastewater.
 
Mayor to resolve land issues for reservoirs
 
Afterward their visit to the wastewater treatment facility, the working group visited the district’s main freshwater generator, located north of Gorodok Town. The generator supplies 30 percent of Ulaanbaatar’s freshwater and is capable of extracting 72,000 cubic meters of water a day. Currently, the generator extracts around 50,000 cubic meters of water a day.
 
“The city authority will pay special attention to water supply and its conservation. We will resolve issues related to the ownership of land in protected zones for water reservoirs,” Mayor S.Batbold assured.
 
Nalaikh mine to undergo rehabilitation
 
Mayor S.Batbold ordered Deputy Mayor J.Batbayasgalan to immediately make a reclamation plan for the Nalaikh mine, as the surrounding area is in urgent need of rehabilitation.
 
Locals have complained that mining operations have degraded the nearby area, to the extent that they can’t distinguish whether it is a residential area, mining site, or a dumpsite. Representatives from the Nalaikh District Mayor’s Office asked Mayor S.Batbold to pay more attention to mining operations and their negative impact.
 
Nalaikh mining operations are said to be responsible for many deaths and significant damage to people’s health over the past 10 years. Last year, eight people died while working at the Nalaikh mine, and another person died during a mine collapse earlier this year, Nalaikh officials stated.
 
Due to these accidents, local authorities were said to have closed 18 mine entrances.
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Government debt amounts to MNT 20 trillion, below the threshold www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ As of the first quarter of this year, the Government debt is around MNT20 trillion, comprised of foreign debt of MNT13 trillion, internal debt of MNT5 trillion and Government guaranteed outstanding loan of MNT1 trillion. At the end of 2016, the Government debt totaled to MNT22 trillion, including foreign debt of MNT12 trillion, domestic debt of MNT6 trillion and Government guaranteed loan of MNT3 trillion.
 
“It means the Government debt amount satisfies requirement of debt threshold, indicated in law on Budget stability. In other words, according to performance, the debt amounted to 79 per cent of GDP in 2016, below the threshold of 88 per cent and by the first quarter, it was equal to 72.7 per cent of GDP, which is also below the threshold of 85 per cent” said Deputy Finance Minister Kh.Bulgantuya.
 
Today, the Parliamentary Standing Committee of Economy discussed the Government foreign and domestic debt and measures being taken with a regard to funding and repaying Government bonds and officials of the Finance Ministry made a briefing on the issue, answering questions from MPs.
 
The Development Bank’s “Euro” bond of USD580 million, which had a scheduled repayment on March 21, was refunded successfully. The refunding was carried out in a way that favorable to investors and to the market, not causing negative effects to the economy and not drastically fluctuating foreign exchange reserves, the Deputy Finance Minister said.
MP Kh.Davaasuren expressed his position that it is improper to refund to repay debts and MP B.Battumur noted that due attention should be paid on satisfying balance of market when issuing Government securities.
 
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Mongolia to host Asian Judo Championships 2020 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the Executive Committee meeting of Judo Union of Asia /JUA/ held on May 23 in Hong Kong, Mongolia became eligible to host Asian Judo Championships in 2020 the same year the Tokyo Olympic Games to be held. The meeting was attended by Director of Disciplinary Committee of JUA B.Pagva and Olympic-class judo referee M.Munkhbat from Mongolia.
 
The Asian Judo Championships 2017 will take place on May 26-28 in Hong Kong and Indonesia and United Arab Emirates will host the event in 2018 and 2019 respectively.
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Trump wants to sell half of emergency US oil reserve www.money.cnn.com

 
The country dipped into the US strategic oil reserve, during several recent disruptions such as the 2011 turmoil in Libya and Hurricane Katrina in 2005.
Now, President Trump wants to sell off half of the oil sitting in the strategic reserve, which is made up of a complex of tanks and deep underground storage caverns.
Except for the fact that the sale would be done over time, little is known about the exact timing of the move. But Trump's fiscal 2018 budget estimates the it would generate roughly $16.6 billion over the next decade.
It's true that the US shale oil boom has dramatically altered the global energy landscape, turning America into a leading producer and reducing dependence on imports. The surge of American oil has also created a huge glut that OPEC is still struggling to mop up.
All of this is a huge change from the early 1970s when the Arab Oil Embargo sparked long gas lines and hurt the American economy so much that it inspired the creation of the strategic petroleum reserve, which today is the largest stockpile of government-owned emergency oil on the planet.
Yet some energy analysts warn that selling half the SPR could backfire, especially in today's uncertain world.
"It's a bit concerning. You're reducing the government's budget deficit, but you're putting more risk onto the consumer. That's who is going to pay for it," said Carl Evans, senior crude oil analyst at Genscape, an energy market research firm.
"It does seem like a short-term cash grab," he said.
Evans pointed to the risk posed by the political strife in Venezuela and Nigeria that has caused production to tumble in those OPEC nations.
To justify the proposed sale, the Trump administration pointed to the surge in US oil output.
The national security "risk goes down dramatically when we have increased production like today," Mick Mulvaney, the director of Trump's Office of Management and Budget, told reporters on Tuesday.
But Jason Bordoff, director of Columbia University's Center on Global Energy Policy, warned that even though US oil imports are down "prices at the pump will spike" if there's a supply disruption.
"The national security asset of the SPR helps provide a cushion. It would be foolish to sell it off because of a domestic oil production boom, the longevity of which remains somewhat uncertain," said Bordoff, who served as an energy adviser to President Obama and has testified before Congress on energy policy issues.
It's not clear if Trump wants to sell 50% of the strategic reserve from current levels, or on top of the reductions Congress recently agreed to. Those cuts would already wipe out more than 150 million barrels from the SPR, according to S&P Global Platts.
Other analysts think now is the perfect time to unload some of the strategic oil reserve, especially because there are costs linked to maintaining this complex that is located in Texas and Louisiana.
"It makes a lot of sense for the US to reduce these rather massive holdings," said Michael Dei-Michei, head of research at JBC Energy.
Selling the oil could generate a nice profit at today's prices of around $50 a barrel. The average price paid for oil in the reserve is just $29.70 a barrel.
The 688 million barrels currently sitting in the reserve are enough to cover 149 days worth of America's import needs, according to the Energy Department.
That means the US is well above the 90-day minimum required by the International Energy Agency (IEA). However, cutting half of the strategic reserve would obviously lower that cushion, potentially to below the IEA threshold. The Energy Department website notes that in the past the US has met this commitment by combining SPR stockpiles with private-sector inventories.
Bordoff, the Columbia professor, acknowledged that the dramatic changes in the world since the 1970s mean it would be wise to take time to think about the purpose and size of the SPR going forward.
"But to propose in the budget to slash it in half seems premature given that I don't know the full analysis has been done," he said.
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Two resolutions sponsored by Mongolia adopted by ESCAP 73rd session www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The 73rd session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) convened from 15 to 19 May 2017 in Bangkok, Thailand. Delegations from 45 member-states of the Commission attended the session, which was held under the theme of the “Regional Cooperation for Sustainable Energy” and discussed the issues related to enhancing cooperation on inclusive and sustainable socio-economic development in the region.
 
The Mongolian delegation to the session was headed by His Excellency Mr. Tsend Munkh-Orgil, Minister for Foreign Affairs, and the Foreign Minister of Mongolia took part as a main speaker at the High-level Exchange of the Special Body on Least Developed, Landlocked Developing and Pacific Island Developing Countries, which discussed infrastructure and sustainable development in these countries with special needs. During the session, H.E. Mr. Tsend Munkh-Orgil met with H.E. Dr. Shamshad Akhtar, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP and exchanged views on the issues pertaining to Mongolia-ESCAP cooperation.
 
Moreover, H.E. Mr. Tugsbilguun Tumurkhuleg, Ambassador Extraordinary and Plenipotentiary and Permanent Representative of Mongolia to ESCAP delivered a statement at the plenary meeting of the session and introduced actions taken by the Government of Mongolia to achieve the SDGs, as well as Mongolia’s views on regional cooperation in energy and infrastructure.
 
In addition, two resolutions sponsored by Mongolia, namely, on Strengthening the Regional Mechanism for Implementing the Vienna Programme of Action for LLDCs for 2014-2024 and on Enhancing Regional Cooperation for the Sendai Framework for Disaster Risk Reduction 2015-2030 in Asia and the Pacific, with the latter having been sponsored together with the Kingdom of Thailand, were adopted by the session.
 
In the course of the session, the Embassy of Mongolia in Bangkok in collaboration with the International Think Tank for Landlocked Developing Countries, based in Ulaanbaatar, hosted a High-level Luncheon for representatives of the Group of Landlocked Developing Countries to inform them of the activities of the International Think Tank for LLDCs and its operationalization, as well as objectives and current status of the “Multilateral Agreement on the Establishment of an International Think Tank for LLDCs”.
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Mongolia to consider buying Belarusian fire trucks www.eng.belta.by

 
MINSK, 23 May (BelTA) – Mongolia will consider buying Belarusian fire-fighting and rescue equipment in Belarus, BelTA learned from the website of the Belarusian Emergencies Ministry. Deputy Head of the National Emergency Management Agency of Mongolia Sukhbaatar Zaluukhuu met with Belarusian Deputy Emergencies Minister Alexander Khudoleyev in the national center for control and emergency response on 23 May. The Mongolian side was invited to consider buying Belarus-made fire trucks and emergency response equipment. The sides discussed prospects of advancing cooperation in training personnel in Belarus for the Mongolian emergency response agency. The sharing of Belarusian experience in the sphere of creation of the educational and training base for Mongolian specialists was mentioned as well.
 
 
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Greece fails to reach bailout deal with eurozone finance ministers www.rt.com

 
The International Monetary Fund, European finance ministers, and Greek authorities have fallen short of securing more debt relief for Greece, according to EU officials.
The parties postponed a final decision on a release of further bailout funds for Athens until their next meeting, scheduled for June 15.
“At this point, we have not reached an overall agreement. It looks like the formal conclusion of the second review is very close,” said Eurogroup chairman Jeroen Dijsselbloem after Monday's meeting.
Greece needs more emergency cash to avoid a default in July when the country faces debt repayments of nearly €7.3 billion.
To get a new installment of bailout funds, Athens has already approved tax rises and additional pension cuts.
However, the EU ministers concluded that the country has not made enough progress on that front and still needs to take further measures.
Last Thursday, Greek lawmakers passed new legislation with over four billion euros ($4.48 billion) in new austerity measures.
According to the Greek government, the country has fulfilled all the conditions agreed with creditors.
“Greece has met its obligations. Now it's our partners and lenders who have a moral, political and legal duty to meet theirs,” said Greek government spokesman Dimitris Tzanakopoulos.
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Miners ready for new Mongolia boom with one-fifth of the country to be opened for digging www.cnbc.com

 
A new mining boom may be just around the corner in Mongolia, mining industry executives said, as it moves to open nearly 21 percent, a bit more than one-fifth, of the country for exploration to shore up its finances following an IMF-led bailout.
 
This month Mongolia's government removed the main obstacle to its $5.5 billion IMF-led bailout. It annulled a controversial banking law that would have required companies like Rio Tinto to funnel all sales revenues from foreign investment projects through Mongolian banks and proposed the wider exploration area.
 
Andrew Stewart, managing director and CEO of Xanadu Mines, told CNBC's "Street Signs" that the reform along with other steps to opening the mining sector should see investment grow.
 
"It is an important thing for Mongolia as a whole. I think the reaction and the commitment you are seeing from the Mongolian government over the last two weeks to repeal this tax, it shows its firm commitment to really get the foreign investments going and particularly that is very much settled on the mineral exploration and the mining industry in Mongolia", Stewart said.
 
Stewart told CNBC that Xanadu's flagship Kharmagtai project, located 120km south of Oyu Tolgoi, demonstrates that Mongolia offers increasingly favorable odds for discovering significant copper and gold deposits when compared to mature mining jurisdictions such as Australia and Canada.
 
Minister of Mining and Heavy Industry Ts. Dashdorj was said to have remarked that the landlocked country bordering China and Russia and among the top 20 countries by landmass needs to take the step to resolve economic woes that go back several years. IMF data shows that the economy only grew 1 percent in 2016 from 2.4 percent in 2015.
 
Given that mining accounts for around a quarter of GDP and more than 80 percent of exports in Mongolia, by increasing mining exploration, Mongolia could potentially raise GDP and economic security.
 
Stewart said he feels that encouraging exploration is critical to establishing a healthy mining industry and great discoveries are often made when there are structural changes in the industry.
 
The 2017 Asian Development Outlook report by Asian Development Bank stated that Mongolia's growth will accelerate this year on large mining investments. Growth is forecast to accelerate to 2.5 percent this year but moderate slightly to 2.0 percent in 2018 on the base effect of the surge in coal production in 2017.
 
This is based on the assumption that investment in the second phase of Oyu Tolgoi mine will rise from $200 million last year to $1 billion in 2017 and $1.2 billion in 2018.
 
While Oyu Tolgoi is Mongolia's highest profile mining operation, the country plays host to a number of the copper, gold and coal mines.
 
David Paull, managing director of Aspire Mining, told CNBC over email that Mongolia is richly endowed with mineral resources - The Erdenet Copper Mine has been operating for several decades and the indications are that there is still a number of decades of mine life to come.
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