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

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Domestic oil refinery to supply 80,000 tons of jet fuel yearly www.ubpost.mn

During a briefing on April 25, Minister of Industry and Mineral Resources Ts.Tuvaan provided updates on Mongolia’s ambitious oil refinery project, revealing plans to accelerate the timeline for first production. The government now aims to have the refinery operational by the third quarter of 2027, ahead of the originally scheduled first quarter of 2028 target.  
Minister Ts.Tuvaan emphasized the project’s national importance, noting the critical need to secure Mongolia’s 1.5 million-ton crude oil supply. Discussions with PetroChina Dachin Tamsag to boost crude oil production to 750,000 tons this year have encountered difficulties, though officials remain committed to achieving this goal.  
The project faces multiple challenges that require resolution. Financial reconciliations with PetroChina, including outstanding tax payments, audits and social security contributions not covered by existing agreements, need to be settled. At the local level, cooperation issues persist with provincial and soum leaders, while Mongolian NGOs, particularly women-led organizations, continue voicing concerns about the project. Recent tensions, including Chinese embassy complaints about security incidents, have added another layer of complexity to the bilateral energy cooperation.  
Once completed, the refinery will mark a major milestone in Mongolia’s energy independence. With an expected annual production of 80,000 tons of aviation fuel, the facility will allow domestic airlines to source their fuel needs locally rather than relying on imports.  
Minister Ts.Tuvaan stressed that overcoming the current obstacles remains essential for Mongolia’s strategic energy projects. The accelerated timeline demonstrates the government’s determination to push forward with this key infrastructure development, even as it works to address the various operational, financial, and diplomatic challenges that have emerged. The success of this project could significantly enhance Mongolia’s energy security and economic self-sufficiency in the coming years.

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Business offer from MBD Thailand www.mongolianbusinessdatabase.com

MBD Thailand is offering broad range of food products from Thailand’s famous manufacturers including Ampol Foods, BKC Thai Cuisine and Yan Wal Yun Corporation Group to Mongolian food importers and wholesale companies. Please contact 99066062 contact@mongolianbusinessdatabase.com and dashnyam@mongolianbusinessdatabase.com for information in details.

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Stakeholder Feedback Workshop: Bank of Mongolia’s ESG Risk Based Supervision Framework 07 May 2025, 09:00 - 12:30 Ulaanbaatar Time | By invitation only www.unescap.org

Mongolia is taking bold steps toward sustainable finance by integrating Environmental, Social, and Governance (ESG) principles into its financial sector. Strong ESG frameworks are critical for managing climate and sustainability risks, boosting transparency, attracting investment, and aligning with global goals like the Paris Agreement and the SDGs.
Following the introduction of ESG reporting guidelines and the move toward mandatory disclosures, the next step is embedding ESG risk management into financial supervision. In collaboration with ESCAP, the Bank of Mongolia is exploring how ESG risks can be systematically identified, assessed, and managed across the banking sector.
Join us for this important workshop as we present the findings of the ESG Risk-Based Supervision Framework study. The sessions will cover the fundamentals of ESG risk supervision, current practices, areas for improvement, and ways the Bank of Mongolia can strengthen its supervisory framework to better manage ESG risks. This is also an opportunity for key stakeholders to provide feedback and help shape the next phase of Mongolia’s sustainable finance journey.
Together, we can build a more resilient, inclusive, and sustainable financial system for Mongolia’s future.
for more information, please contact
Macroeconomic Policy and Financing for Development Division
 +66 2 288-1234
 escap-mpfd@un.org

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National Assembly speaker to visit Mongolia for parliamentary diplomacy, climate cooperation www.koreajoongangdaily.joins.com

National Assembly Speaker Woo Won-shik will travel to Mongolia on Saturday for parliamentary diplomacy and climate cooperation discussions, his office said.
Woo will hold a series of meetings with top Mongolian officials, including President Ukhnaagiin Khurelsukh and his counterpart, Dashzegve Amarbayasgalan, during the five-day trip.
Woo plans to discuss economic and infrastructure cooperation between Korea and Mongolia and to jointly explore responses to the climate crisis in Northeast Asia.
He will also attend a tree-planting ceremony arranged as part of a bilateral desertification prevention initiative.

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Hungary and Mongolia deepen partnership with new trade and cultural deals www.dailynewshungary.com

Further developing Hungarian-Mongolian relations will have an important role in the government’s Eastern Opening strategy, the minister of foreign affairs and trade said on Friday. Péter Szijjártó spoke at a press conference held jointly with his Mongolian counterpart, Batmunkh Battsetseg, after talks in Budapest, and highlighted the traditionally friendly ties between the two countries as well as their shared cultural and historical heritage. Szijjártó noted a 51 percent increase in bilateral trade turnover this year following another record turnover in 2024. He added that bilateral trade was driven by pharmaceuticals, with Hungarian exports reaching a record high. Mongolia’s major economic reforms offer further opportunities for bilateral cooperation, Szijjártó said. The two ministers agreed to convene their countries’ mixed economic committee this year to assess how Hungarian companies could participate in farming, food production and water management projects in Mongolia, Szijjártó said. Meanwhile, Szijjártó said Hungarian universities offered 200 scholarships to Mongolian students each year, and welcomed that Mongolia’s National University has launched Hungarian language courses. Conversely, Mongolian is taught at Budapest’s ELTE university, the minister added. Peace needed in Ukraine On another subject, Szijjártó said Mongolia was also a member of the international peace camp, and both countries advocated peace and keeping communication channels open. “We have clearly been proven right in promoting peace and urging peace talks … the war in Ukraine has no solution on the battlefield,” he said. “A settlement can only be reached at the negotiating table, which requires the parties to be in communication. It is regrettable and dangerous that some governments and political leaders seek to undermine the path to peace,” Szijjártó said, adding that prolonging the war would involve “further and further deaths”. Later on Friday, the Hungarian National Theatre said in a statement that it had launched long-term cooperation with the Mongolian National Drama Theatre, “aiming to mutually enrich the two countries’ theatre culture and to deepen professional and educational ties.” The directors of the two theatres, Attila Vidnyánszky for Hungary and Naranbaatar Namnan for Mongolia, signed the relevant agreement on Friday, it said. Signatories pledged to build strong professional ties, to exchange knowledge and experience, to attend international events together and support student exchange. The cooperation’s flagship production will be a piece called “Attila”, to be staged in 2027, the statement said.

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The World's Coldest Capital City Is A Foodie Paradise In Asia With Youthful Vibes And Trendy Attractions www.islands.com

You'd probably think that few people would want to live in a city that averages about 3 degrees Fahrenheit during the day (-14 at night) for months of the year.  This is the case in most parts of the world, but not in the world's coldest capital city, Ulaanbaatar, Mongolia. Often written as Ulan Bator and called UB by locals, Ulaanbaatar has transformed into a boomtown on the Tuul River and is home to nearly half of Mongolia's population of 3.5 million. Unofficially, though, the city's population is likely greater, as many nomads from the countryside have recently moved to the city's outskirts. 
The city is bursting with a youthful energy and some of the biggest worldwide food trends, creating a vibrant restaurant scene. A few decades ago, these scenes of foreign foods and private enterprise would have been almost unimaginable. Around 100 years ago, the new Soviet Union tremendously influenced Mongolia's development as a nation, helping Mongolia remove Chinese influence and establishing a Sovie-oriented Mongolian People's Republic in 1924. In light of a turn toward the USSR, Mongolia renamed its capital city Ulaanbaatar, meaning "red hero," and later adopted the Cyrillic alphabet. Although Mongolia's political climate changed in the 1980s, the country remained politically isolated and economically dependent on the USSR until the Soviet Union fell. In the past 30 years, Mongolia has become a democratic country and opened up to the world.  Tourism is growing rapidly, but don't worry, you still have plenty of room to explore Mongolia's uncrowded and underrated natural wonders.
Mongolian diets traditionally consist of livestock and animal products from the "Five Snouts," which change depending on the local geography and the season. During the warmer months, Mongolians consume white dairy and milk products, while in winter, hearty red meat dishes dominate the menu. Although the most authentic way to try local food is in the countryside with, in my experience, a truly hospitable host family, local restaurants such as Modern Nomads and Khaan Buuz, and machine-processed dairy products mean that traditional foods are available year-round in UB. Traditional Mongolian milk beverages suutei tsai (milk tea) and airag (mare's milk) are considerably more sour than cow's milk and are often enjoyed communally. Trying them will endear you to locals, but take it slow.
In Ulaanbaatar, you sadly won't find a Big Mac. However, the city boasts an incredible variety of international cuisines with a local flair, including tasty coffee, sashimi, and even tacos. Millie's Espresso has been open for over 20 years, and per Google Maps and local experts, it has a killer breakfast. Right next door, La Rosa's killer tapas are just waiting for you to post as you crack open your favorite board game or a beer.
Despite Mongolia's cuisine being quite different than India's, the most vegetarian-friendly country in the world, Ulaanbaatar does have vegetarian and vegan restaurants. The Loving Hut serves vegan versions of traditional and foreign cuisines across the city, along with picture menus. In other restaurants, dishes such as buuz and tsuivan can be served without meat, though the staff may try to replace the meat with another ingredient, such as mushrooms.
Although Mongolia's culture keeps a high regard and respect for traditions and heritage, especially its music, the country's youth continually push the envelope to express themselves and expand opportunities for travel and business. Pop culture, especially Korean culture, has permeated the country along with Korean supermarkets and convenience stores, adding a dash of convenience and cool. Though Ulaanbaatar does not formally have an arts district, the city has tremendous Soviet murals and art museums throughout. The Zanabazar Museum of Fine Arts, the city's first European-style building back in 1905, houses an incredible collection of ornate religious paintings, tapestries, and depictions of the past. On Zaisan Hill south of the city, you'll find one of the best places to watch the sun rise or set, along with a Soviet depiction of the brotherhood formed between Mongolia and the USSR decades ago. Ulaanbaatar also has a burgeoning live music scene, with both hip-hop and rock being symbols of a free, post-Communist Mongolia.
Mongolia is still very much the Wild West and far off the beaten path for many travelers, though that may be about to change. United is adding routes from Tokyo Narita to Ulaanbaatar starting May 1, 2025, and is modernizing its aircraft fleet to include creature comforts. Moreover, Mongolia is visa-free for many nationalities, including the U.S., Canada, the U.K., and much of Europe, though many other nationalities can apply for an eVisa. In my experience, downloading a free local phrasebook or language course is a must-do if you want to meet locals on your trip. 
By Dave Bowling

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AmCham Mongolia Condemns Recent Assault on Badrakh Energy Executive www.itoim.mn

The American Chamber of Commerce in Mongolia (AmCham Mongolia) strongly condemns the violent confrontation and physical assault on senior leadership of our member Badrakh Energy LLC, during a meeting on April 21 with a group of opposing uranium mining. This act of violence is unacceptable and undermines the principles of lawful protest and civil discourse.
AmCham Mongolia reaffirms its commitment to upholding the rule of law, the safety of individuals, and the protection of lawful business operations
While expressing different opinions and concerns is a legitimate action in democratic societies, dialogues and discussion between any parties should be conducted in on mutual respect and shared goal of resolving the core issues, seeking factual truth and accountability.
We are deeply concerned by the string of irrational and unlawful attempts to disrupt operations of our members by communities and involved parties, resorting to physical confrontations.
AmCham Mongolia stands in solidarity with Badrakh Energy and all businesses operating within the legal framework of Mongolia. We urge all parties to respect the rights of individuals and organizations and to resolve differences through peaceful and lawful means.

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FSS warns of investment scam impersonating Mongolia's G Bank for high-yield bonds www.biz.chosun.com

The Financial Supervisory Service recently issued a "consumer alert" noting that advertisements for investment scams claiming to sell high-yield offshore bonds by Mongolia's largest bank have spread, primarily online.
The FSS stated on the 23rd that claims made on social media (SNS) that investing in dollar-denominated bonds issued by Mongolia's G Bank would yield a stable high return of 11% annually are misleading and that this is a non-existent investment scam.
According to the FSS, it appears that the illegal entity exploited the high-return expectations for Mongolia, an emerging country, and the difficulty in verifying the existence of the bank.
Recently, G Bank in Mongolia confirmed an investment scam using its name and requested action from the FSS through the Ministry of Foreign Affairs. G Bank conveyed that it does not sell bonds directly in Korea through the South Korean Embassy in Mongolia.
They posed as a legitimate financial entity known as G Bond Company, falsely presenting it as a regular financial firm and posting numerous misleading articles on YouTube and SNS.
Through their postings, they emphasized that due to the characteristics of Mongolia's benchmark interest rate (approximately 10% at the end of last year), the dollar-denominated bonds sold by G Bond Company could generate a high interest income of 11.7% annually and that the risk of exchange rate losses due to fluctuations is low. They also posted fake investment success stories and tips related to G Bonds online, attracting investors with dozens of positive comments.
Subsequently, the illegal entity induced investment deposits into accounts under corporate names similar to their registration, similar to entering personal information on the G Bond Company website, before disappearing. The accounts are believed to be "shell accounts," established under a corporation with a name similar to the impersonated company to avoid suspicion.
An FSS official said, "Even foreign commercial banks are illegal if they sell bonds directly in the country without authorization under the law," and added, "If online advertisements claim that investing in overseas dollar-denominated bonds can yield stable high returns, it may be an investment scam, so caution is advised."
BY 
Kang Jung-a

 

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Strengthening Mongolia-UK Parliamentary cooperation www.commentcentral.co.uk

The recent official visit of Mr. Amarbayasgalan Dashzegve, Speaker of the State Great Hural (Parliament) of Mongolia, to the United Kingdom marked a historic milestone in Mongolia-UK relations. This visit, the first of its kind at the Speaker’s level, reinforced Mongolia’s commitment to strengthening parliamentary democracy and expanding cooperation with its Western partners.
Mongolia and the UK share a longstanding relationship based on common values of democracy, freedom, human rights and the rule of law. The UK was the first Western country to establish diplomatic relations with Mongolia following its accession to the United Nations. Furthermore, the UK played a crucial role in supporting Mongolia’s democratic transition, notably during the 1991 G7 Summit in London, where it called on the international community to assist Mongolia in its economic and political reforms. Since then, bilateral relations have expanded into diverse fields, particularly education, environmental protection, and renewable energy. This visit reaffirmed the strong and enduring ties between our two nations.
The delegation led by Speaker Amarbayasgalan included representatives from all five political parties with seats in Parliament, reflecting Mongolia’s commitment to a pluralistic and inclusive democracy. This visit also provided an opportunity to highlight the recent constitutional amendments aimed at enhancing governance and political stability in Mongolia.
Advancing Parliamentary Democracy and Governance
In 2019, Mongolia enacted significant constitutional amendments to improve governance and political stability. A major change was the expansion of Parliament from 76 to 126 members, with 78 elected through a majoritarian system and 48 through proportional representation. This reform aimed to enhance representation and improve legislative efficiency.
The 9th parliamentary elections held on June 28, 2024, resulted in a notable shift in Mongolia’s political landscape. The Mongolian People’s Party (MPP) retained a majority, securing 68 out of 126 seats, a reduction from its previous supermajority. The Democratic Party (DP) made significant gains, increasing its representation to 42 seats. Other parties, including HUN, the National Coalition, and Civil Will-Green, also secured parliamentary representation. A remarkable outcome of the election was the increased participation of women, with 32 women elected to Parliament—marking a record 25.4% representation.
Following the elections, Mongolia formed a Coalition Government comprising three major parties: the Mongolian People’s Party (MPP), the Democratic Party (DP), and HUN. The coalition aims to drive national development and implement key projects to enhance citizens' well-being.
The Coalition Government has identified 14 mega projects to diversify Mongolia's economy beyond its mining sector. One of the most critical initiatives is the establishment of a metro system in Ulaanbaatar to address traffic congestion and promote sustainable urban development. During the Ministerial-level strategic dialogue between Mongolia and the UK held on 26 February 2025, Deputy Prime Minister Amarsaikhan Sainbuyan and Mayor of Ulaanbaatar Nyambaatar Khishgee met with UK counterparts to explore potential cooperation on this project. The visit provided a platform for continued high-level discussions on international cooperation, trade, education, and innovation, with a particular focus on Mongolia’s Third Neighbour Policy.
Key Engagements in Westminster and Beyond
In Westminster, Speaker Amarbayasgalan met with Sir Lindsay Hoyle, Speaker of the UK House of Commons, where both sides expressed their dedication to strengthening parliamentary ties and promoting democratic governance. Discussions also covered expanding trade and investment, enhancing cooperation in science and technology, and fostering climate diplomacy. Speaker Amarbayasgalan and his delegation also met with Fabian Hamilton MP, Chair of the British Group of the Inter-Parliamentary Union, along with several other British MPs. The discussions focused on the relationship and cooperation between the two parliaments via the Inter-Parliamentary Union (IPU), of which the UK is one of the founding members.
Beyond the capital, the delegation visited two of the world’s most prestigious universities—Oxford and Cambridge—where they engaged with leading scholars and researchers.
At Oxford University, meetings with Chancellor William Hague, Professor Giles Wiggs, Head of the School of Geography and the Environment at Oxford, and Dr. Ariell Ahearn, a Departmental Lecturer specializing in Mongolian pastoralism studies, reinforced the importance of sustained academic exchange and research cooperation. 
During the meetings, the urgent challenges Mongolia faces due to climate change were highlighted, with Mongolia being one of the ten most affected countries in the world. It was noted that 78% of Mongolia’s territory is affected by desertification, which leads to severe consequences, especially in winter when extreme snow and dzud conditions disrupt traditional nomadic livestock farming. The previous year alone, dzud conditions caused herders to lose livestock valued at approximately 2 trillion MNT (around USD 700 million), dealing a significant blow to Mongolia’s traditional pastoral economy.
To address these issues, Mongolia’s Parliament passed a law aimed at mitigating the negative impacts of climate change on nomadic livestock herding. In addition, President Khurelsukh Ukhnaa initiated the "One Billion Trees" national campaign in 2021. Mongolia is also set to host the 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification (UNCCD) in 2026, in line with the International Year of Rangelands and Pastoralists, as declared by the UN. These efforts provide an avenue for continued cooperation between Mongolia and Oxford.
The 7th Oxford Desert Conference, organized by the University of Oxford’s School of Geography and the Environment, was held in Oxford on 20-21 March. On March 20, Speaker Amarbayasgalan met with Mongolian scholars participating in the conference. The meeting was attended by researchers from the UK, US, Japan, and Europe, as well as Mongolian nationals living and working in Oxford, and two camel herders from Mongolia who travelled to attend the conference.
In Oxford, Speaker Amarbayasgalan also visited the Satellite Applications Catapult, a UK government innovation centre. He was welcomed by John Abbott, the centre’s CEO, who introduced the organization’s activities. The centre specializes in advancing space technology and expanding its applications. Notably, a Mongolian national, Maral Bayaraa, works as a senior advisor at the centre and is conducting studies using satellite data analytics.
At Cambridge University, meetings with Professor John Aston, Vice President for Research, and scholars at the Mongolian and Inner Asian Studies Unit reinforced the importance of academic exchange and research cooperation. Established in 1986 within Cambridge’s Department of Social Anthropology, the Mongolian and Inner Asian Studies Unit has conducted extensive research on Mongolia, contributing to Mongolia-UK academic exchanges.
With the funding of the Government of Mongolia, the “Chinggis Khan and Mongol Empire Studies Research Scholarship" was recently launched at Cambridge University, reflecting Mongolia’s dedication to preserving and promoting its historical heritage through academic research.
The visit to Cambridge’s Cavendish Laboratory highlighted Mongolia’s growing interest in scientific collaboration and technological innovation. Speaker Amarbayasgalan met with Professor Samuel Stranks and Mongolian scientist Dr. Ganbaatar Tumen-Ulzii, who is conducting research on developing a novel X/gamma-ray detector for early-stage cancer detection at Cambridge. These engagements underscored the critical role of Mongolian researchers in global scientific advancements.
A particularly forward-looking discussion took place with Professor Brian Sheil, Director of the Centre for Smart Infrastructure and Construction and Professor Giulia Viggiani, Head of Civil Engineering at the University of Cambridge, on potential cooperation in urban development and infrastructure projects. With Ulaanbaatar’s growing urban challenges, Mongolia is keen to explore modern transport solutions, including metro construction and tunnel development, to alleviate traffic congestion and enhance sustainability.
A New Chapter in Mongolia-UK Relations
Speaker Amarbayasgalan’s visit comes at a pivotal moment in global affairs, as both Mongolia and the UK seek to navigate an increasingly complex geopolitical landscape. The discussions reaffirmed the shared commitment to deepening cooperation in trade, science, education, and climate diplomacy, in alignment with Mongolia’s strategic foreign policy goals.
As Mongolia and the UK enter their second six-decade period of diplomatic relations, this visit has opened a new chapter in parliamentary cooperation. It has also demonstrated Mongolia’s aspiration to be a proactive and engaged partner on the international stage, strengthening ties with like-minded nations that uphold the principles of democracy, free markets, and global cooperation.
Mongolia’s dynamic engagement with the UK reflects its broader vision of leveraging diplomacy, international collaboration, and scientific innovation to address global challenges. As we look ahead, the foundations laid by this historic visit will undoubtedly pave the way for stronger bilateral ties and expanded partnerships in the years to come.
BY
Enkhsukh Battumur
Enkhsukh Battumur is the Ambassador of Mongolia to the UK.

 

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Delphos Advises on Historic $20 Million Investment for Fintech LendMN to Propel Financial Inclusion in Mongolia www.media-outreach.com 2

Delphos, a premier advisor in private emerging markets, proudly announces its role as the exclusive financial advisor for LendMN's landmark $20 million USD debt financing. This strategic financial move marks the first significant milestone for a Mongolian fintech company, positioning LendMN and Mongolia on the international stage for fintech innovation and investment.
This significant debt facility is provided by Lendable, a leading name in debt finance for tech-enabled companies across emerging markets. Lendable is dedicated to fostering greater economic justice and sustainability worldwide. The funds will enhance LendMN's commitment to technology-driven financial solutions for Micro, Small, and Medium Enterprises (MSMEs) in Mongolia.
Delphos President Andrew Brown highlighted the transaction as "a testament to Delphos' expertise in facilitating impactful cross-border financings that drive financial inclusion. We are proud to support LendMN in its mission to expand access to credit for Mongolia's underserved populations."
LendMN, Mongolia's first digital lending fintech and a subsidiary of AND Global, has revolutionized the financial landscape with its fully digital Flexi Business Loan, which has already disbursed $60 million USD in loans to over 3,800 micro and small business owners since its launch. The platform's innovative approach includes automated credit scoring and instant loan disbursement without collateral, leveraging AI to bridge the financial gap for businesses traditionally overlooked by standard banking practices.
Uuganbayar Tserendorj, CEO and Board member of LendMN, expressed his optimism, stating, "We are delighted with this achievement as it denotes LendMN's robust technology and successful business model, opening doors to future international investment opportunities
With this landmark investment, Delphos continues solidifying its position as a definitive source for innovative financial solutions and strategic advisory services for development projects worldwide. Delphos has raised over $20 billion in development finance, benefiting over 1,200 companies globally.
The issuer is solely responsible for the content of this announcement.
About AND Global
Established in 2016, AND Global drives financial inclusion and technological advancement across Southeast Asia. Operating in 12 countries with 13 subsidiaries, AND Global leads the fintech sphere towards sustainable growth
About Lendable
Lendable pioneers in creating equitable, sustainable financial solutions with over $577 million deployed in emerging markets, facilitating access to finance for the underserved
About Delphos:
Delphos is the definitive source for arranging innovative financial solutions for development companies and projects. We specialize in raising long-term, competitively priced capital for corporates, fund managers, developers, SMEs, sovereigns, and entrepreneurs around the world. Since 1987, we have arranged more than $20 billion in development finance to support the efforts of over 1,200 companies. We tap into the resources of more than 350 government agencies and multilateral organizations worldwide to help clients realize their international business goals and have sustainable impact. In addition to our capital raising efforts, Delphos provides market-leading transaction advisory and investment/risk management consulting services to government and private sector clients across multiple industries. We are approved advisors to AfDB, DFC, IDB Invest, IFC, USAID, US Ex-Im Bank, USTDA, WBG, leading private equity firms, infrastructure developers and strategic investors, and foreign governments and utilities.
This press release underscores Delphos' strategic role in facilitating groundbreaking financial transactions that catalyze innovation and inclusive growth in emerging economies.

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