1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

Events

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

NEWS

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G.Zandanshatar: Canada is Mongolia’s important “third neighbor” www.montsame.mn

Chairman of the State Great Khural G.Zandanshatar and Speaker of the Senate of Canada George J. Furey today held official talks at the State House.
At the outset, the two sides reaffirmed their commitments to further expanding Mongolia-Canada friendly relations and cooperation and underscored that the relations between the two countries are developing based on the common values of democracy, human rights, and freedom.
While underscoring that Canada is an important “third neighbor” of Mongolia, Chairman G.Zandanshatar emphasized that the Speaker’s visit is of utmost importance in advancing the shared objectives of elevating the bilateral relations to “Comprehensive Partnership” and further strengthening mutual trust.
Speaker George J. Furey emphasized that he highly commends Mongolia’s experience of strengthening democratic governance that values human rights and freedom regardless of being landlocked and situated between the two powerful neighbors while expressing commitment to putting substantial efforts to intensify bilateral cooperation. He also highlighted the significance of increasing the frequency of high-level political dialogues.
In addition, they mutually affirmed the importance of all-round support from the higher legislative bodies of the two countries to ensure the implementation of the "Road Map of Mongolia-Canada Cooperation for Comprehensive Partnership" and advance the relationship to a new level.
The parties attach great importance to jointly celebrating the 50th anniversary of the establishment of diplomatic relations between Mongolia and Canada in 2023, and agreed to organize mutual visits, meetings, and events aimed at expanding people-to-people links within the framework of the anniversary.
Chairman G.Zandanshatar put forth a proposal to start a major development project within the framework of the diplomatic anniversary between Mongolia and Canada. He then voiced his interest in enriching and further intensifying cooperation in the mining sector as well as developing relations and cooperation in other mutually beneficial areas. He also asked to study the possibility of reducing import customs duties on Mongolian textile goods through the establishment of a free trade agreement and expressed willingness to increase cooperation in the fields of agriculture, environment, education, communication, and information technology. He then put forth a request to pay attention to the possibility of facilitating the issue of mutual travel visas between citizens in the development of education and economic relations.
Speaker George J. Furey voiced his commitment to further enhancing cooperation in the field of education, including the implementation of student exchange programs. He also stated that the proposals put forward in the framework of cooperation between the two sides are mutually beneficial and resourceful sectors, and he said that he will work to further activate the dialogue to intensify mutually beneficial trade, economic, and development relations. He then pointed out that the leadership of the Chairman of the State Great Khural played an important role in the successful implementation of the projects to strengthen the professional and citizen-centered civil service, ensure gender equality and empower civil society in Mongolia.
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Golds for Brazil and Mongolia at Judo World Championships in Uzbekistan www. euronews.com

The incredible momentum of the World Judo Championships continued on day three in Tashkent.
The International Judo Federation’s flagship event in the capital of Uzbekistan was a hive of activity, with locals and fans excitedly awaiting what promised to be another phenomenal day of Judo.
Silva wins again, nine years on
In the <57kg contest, Rafaela Silva, Brazil’s 2016 Olympic and 2013 World Champion, was on fire all day, despatching, Bulgaria’s Ivelina Ilieva and Israel’s Nelson Levy on the way to the final.
Here she faced Funakubo Haruka -- whose typically Japanese domination on the floor earnt her spot in the final.
But it was Silva's mastery of Uchi-mata -- one of the original Judo throws -- which won her the world title. Nine years on from her previous triumph, the raw emotion was there to see.
Kit McConnell, the International Olympic Committee Sports Director, awarded the medals.
"When I was hugging my coach," Silva said afterwards. "I actually couldn’t believe that I had become World Champion again. And she was saying to me ‘You did it, it’s real, this moment is real! You did it again."
Mongolia’s first World title since 2017
Japanese star Hashimoto Soichi looked in form for the <73kg category. The 2017 World Champion defeated Georgian legend and reigning World Champion Lasha Shavdatuashvili on the way to the final, cheered on by his family.
There he met Mongolia’s Olympic Bronze Medallist Tsogtbaatar Tsend-Ochir, a move against Canada’s Arthur Margelidon the highlight of his path to the final.
A lightning-fast counter saw Tsend-Ochir win Mongolia’s first World title since 2017. After the first edition of the Ulaanbaatar Grand Slam in June, this has been a fantastic year for Mongolian Judo.
Max-Hervé George, Ultima Group CEO, awarded the medals and the former President of Mongolia, and the President of the Mongolian Judo Association, His Excellency Battulga Kaltmaa, awarded his fellow countrymen the prize money.
"Today, I woke up to be number one," Tsend-Ochir said. "I came here today to be the World Champion and I did it."
There was phenomenal Judo on display from the local Uzbek team, and on each day the crowd has been elated to see their heroes in action. Tomorrow they have some more medal hopefuls a day not to be missed!
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Mongolia’s Central Bank Says Debt Management Is ‘No. 1 Task’ Country is facing foreign currency crunch as reserves slide Fitch highlights risks if debt not brought under control www.bloomberg.com

Mongolia’s central bank governor said keeping debt under control is the main focus right now amid a worsening foreign currency crunch as reserves slide.
“2023 is the most stressful year related to the government’s debt,” Governor Lkhagvasuren Byadran told lawmakers on Thursday. “Debt management in 2023 seems to be the No. 1 task to be done.”
Foreign currency reserves of $2.8 billion were not at a “level of danger,” he said, adding that reserves had increased in September for the first time this year. The government could move to pay down some of its debt if reserves continue to increase, he said.
Mongolia’s foreign currency problems are worsening after reserves plunged 45% since its peak in April last year. Khan Bank, the nation’s biggest lender began restricting the amount of foreign currency customers can buy in September, citing “liquidity issues.” Other commercial banks have done the same, according to multiple customers.
Khan Bank said exceptions were made for customers including corporate and small-medium business clients, and that as of Oct. 5, its liquidity ratio on foreign currency was nearly triple what’s required by the Bank of Mogolia.
The currency crunch stems from Mongolia’s current account deficit, the broadest measure of trade in goods and services, which ballooned this year as exports slumped and surging energy prices boosted import costs. Mongolia’s shipments to neighboring China, its biggest trading partner, have been severely disrupted by Beijing’s Covid Zero controls.
The current account deficit was $2.4 billion in the first eight months of the year, 43% bigger than the same period in 2021.
Lkhagvasuren said the country needs to boost its exports to ease pressure on its current account. Reducing transportation costs by eliminating bottlenecks at the border would help alleviate exchange rate pressures and price rises, he said.
Mongolia’s public debt amounted to 70% of gross domestic product, the central bank said in a June report. The World Bank estimates that the overall debt ratio, including off-budget items, amounted to 92% for the full year in 2021.
George Xu, associate director of Asia-Pacific sovereign ratings at Fitch Ratings Ltd., said state-owned companies pose “contingent liability risks to Mongolia’s public finances given large number of SOEs are loss-making.”
He highlighted several drivers that could warrant a negative rating action: failure to reduce the budget deficit or stabilize the government debt-to-GDP ratio, or a “crystallization of large contingent liabilities on the sovereign’s balance sheet.”
The currency, the tugrik, has lost about 15% of its value against the dollar this year, with surging US interest rates helping to drive it weaker. The Bank of Mongolia recently raised interest rates to 12%, which the governor said was to “maintain stability” in the economy.
Mongolia’s sovereign bond due in December is on track to lose 2.9 cents on the dollar this week, matching last week’s losses which were the largest weekly declines since March 2020, according to Bloomberg-compiled prices. But the bond is still trading at 94 cents, suggesting investors are pricing in a low likelihood of default for the near-term payment.
Lkhagvasuren said the swing in prices for bonds would likely be temporary.
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China's Inner Mongolia has 11.1 Mt of coal stocks at main utilities www.sxcoal.com

China's main coal supplying province Inner Mongolia had 11.1 million tonnes of coal in stocks at 77 major power utilities, up 4 million tonnes from a year ago, enough for 17 days' usage, said director with the electricity branch of the region's energy bureau.
Inner Mongolia undertook the task of supplying 45.4 million tonnes of coal in April and supplying 29.5 million tonnes of coal in July to other provinces.
About 800 million tonnes of coal were dispatched during first eight months in the region, with daily figure at 3.3 million tonnes, rising 21% from a year ago.
Inner Mongolia's power transmission to other areas totaled 146.7 TWh over January-August, rising 9.8% from a year ago.
Inner Mongolia has also became the first province that generated over 100 TWh of power from new energy in China, with total production reaching 65.5 TWh during the first half of this year, up 21.2% on the year.
(Writing by Rebecca Liu Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.
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Official visit of Speaker of Canadian Senate starts www.montsame.mn

At the invitation of Chairman of the State Great Khural G.Zandanshatar, Speaker of the Senate of Canada George J. Furey is paying an official visit to Mongolia on October 9-13.
Following the welcoming ceremony at the central square today, Chairman of the State Great Khural G.Zandanshatar and Speaker of the Senate of Canada George J. Furey paid their respect to the Statue of Chinggis Khaan. Then, Mr. George J. Furey signed the Book of Honored Guests at the State House.
After holding bilateral talks today with the Mongolian Speaker on the further expansion of Mongolia-Canada relations and cooperation, Speaker George J. Furey will pay a courtesy call on the Mongolian President and hold meetings with the Prime Minister and some Cabinet members.
The Canadian Speaker will also become acquainted with the operation of Oyu Tolgoi and visit a nomadic family.
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Mongolia, EU hold second political dialogue in Brussels www.montsame.mn

The second Political dialogue between Mongolia and the European Union was held on October 7in Brussels.
The dialogue was co-chaired by Deputy Minister of Foreign Affairs B.Munkhjin and Deputy Secretary General for Political Affairs of the European External Action Services Enrique Mora.
During the dialogue, the parties expressed their views on regional and international issues of mutual interest and discussed the issues relating to current global challenges such as climate change and the energy crisis.
The Political dialogue is an important mechanism for the effective implementation of the “Partnership and Cooperation Agreement between Mongolia and the European Union, and the parties agreed to hold the next dialogue in 2023 in Ulaanbaatar.
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IMA Establishes Footprint in Mongolia with FinSight Academy www.news.mn

IMA (Institute of Management Accountants), one of the largest and most respected associations focused exclusively on the advancement of the management accounting profession, is proud to announce FinSight Academy as an IMA Silver Approved Review Course Provider (ARCP) in Mongolia.
FinSight Academy was established as part of the FinSight Corporation and is a leading training organization in Mongolia. The organization’s key objectives are to provide prestigious certifications, exclusive education, and best practices in financial management and accounting for businesses and individuals in Mongolia.
“IMA is proud to appoint FinSight Academy as an Approved Review Course Provider in Mongolia. Today’s business world is rapidly evolving and there is an expanded role for accounting & finance professionals,” said Josh Heniro, Ph.D., senior director, Southeast Asia & Australasia at IMA. “This partnership signifies IMA’s continued commitment to advancing the management accounting profession in Mongolia, supporting individuals with the opportunity to upskill and reskill to succeed in today’s competitive business environment as they progress through their careers.”
There is a strong demand for a competitive workforce with international qualifications, experience and strategic skills, which have been always considered the biggest obstacle for organizations in Mongolia. FinSight Academy will impact this challenging environment by providing training for the U.S. CMA (Certified Management Accountant) and becoming the gateway for future U.S. CMAs. Earning this certification will bring crucial value to the domestic and global market.
“For the first time in Mongolia, we are filling the gaps, discovering the possibilities for management accountants and their academic development. In this collaboration, we are solving these issues and improving professional capability within the country. This opportunity will support the financial and accounting sector to meet international standards and best practices, and address capacity enhancement in Mongolia,” said Naranzul Ganzorig, executive director of FinSight Academy. “We chose to partner with IMA because the U.S. CMA is a globally respected professional qualification with a focus on management accounting.”
Professionals that earn a U.S. CMA pass a rigorous two-part exam that covers the mastery of 12 core practice areas. U.S. CMAs bring financial planning, control, and decision support to their workplaces, and help organizations close the skills gap and gain a competitive edge in the market. To date, more than 100,000 U.S. CMAs in over 100 countries have been awarded. Click on the link to find out more about the U.S. CMA.
 
 
 
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Mongolian government instituted a livestock tax www.news.mn

Livestock accounts for more than 10% of the national gross domestic product and the industry employs 23% of the labor force. Animal numbers exploded in Mongolia in the wake of economic liberalization in the 1990s. When the country was under Soviet control, they were limited to around 25 million. Today that number has nearly tripled, to about 70 million.
Livestock numbers are so high that there is just no opportunity for the land to rest. According to a 2014 report by the Asian Development Bank, peak pasture growth is 75% of what it was 40 years ago and there are fewer highly nutritious plants. These changes affect livestock quality.
Between 1980 and 2000, for example, the average weight of sheep decreased by 4 kilograms (8 pounds), goats by 2 kilograms (4 pounds) and cattle by 10 kilograms (22 pounds). This, in turn, affects herders’ livelihoods, leading them to increase herd sizes to maintain their income and creating a vicious cycle of overgrazing.
Now, as of 2021, the Mongolian government has instituted a livestock tax of up to 2,000 togrogs (62 cents) per animal — with at least 80% of the collected revenue to be used for pasture maintenance.
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Mongolians can apply for admission to US Military Academies www.news.mn

Mongolia has been selected by the U.S. Departments of Defense and State to nominate candidates to compete for admission to the United States Military Academy, the United States Naval Academy, and to the United States Air Force Academy classes of 2027, which enter in either June or July 2023. The following requirements must be met:
Age: Candidates must be at least seventeen and not yet twenty-three years of age on 1 July of the year of admission.
Marital Status: A candidate must not be married, pregnant, or have a legal obligation to support a child for children.
General Academic Qualification: All academic work done at a level equivalent to a U.S. high school freshman or higher. Most admitted International Candidates are in the top ten (10%) of their secondary school class. A candidate should also have completed the equivalent of high school Mathematics in Algebra, Plane Geometry, and Trigonometry.
Standard Academic Qualification: All Candidates must complete either the Scholastic Aptitude Test (SAT) or the American College Test (ACT) by December 2022 in order to meet the cutoff for admissions. The essay portion of the SAT is required for candidates seeking entrance to West Point. Candidates interested in West Point should send their test scores directly to West Point utilizing the ACT Code or SAT Code on the registration form, 2924 for SAT and 2976 for ACT. The code for reporting ACT scores to the Naval Academy is 1742; the code for reporting SAT scores is 5809. The code for reporting ACT scores to the Air Force Academy is 0530; the code for reporting SAT scores is 4830.
Test of English as a Foreign Language: All candidates must submit the results of the Test of English as a Foreign Language (TOEFL) as part of their application. For Candidates interested in West Point, a copy of the TOEFL score must be submitted to the Military Academy utilizing the West Point Code 2924. Scores should be forwarded to the Naval Academy using code 5809. The mean TOEFL score for International Cadets admitted to the Military Academy this year was 98 out of 120.
Leadership: The purpose and mission of United States Service Academies is to educate and train young men and women to be “leaders of character.” It is imperative that international candidates seeking admission to any of the Academies exemplify strong leadership potential through:
Active participation in extracurricular activities;
Accomplished performance in varsity and/or intramural/community athletics;
Strong endorsements/recommendations from high school/college faculty members
Physical Aptitude: Physical condition and stamina are vital to successful completion of the Physical Education and Military Programs. Applicants must plan to take a Candidate Fitness Assessment (CFA) administered by the Defense Attaché Office. Failure to attend the Candidate Fitness Assessment (CFA) on the date provided without prior notification given to USDAO Mongolia will result in the applicant not being allowed to move on in the application process. Requirements for the CFA are posted here: https://www.westpoint.edu/.../cadet-fitness-assessment...
Medical Fitness: A statement from a qualified physician stating that the candidate is free from all communicable diseases and has no known medical mental or dental issues that would prevent them from completing the Service Academy curriculum is required. It should be in accordance with a form provided by the Defense Attaché Office of the US Embassy to Mongolia.
Further Instructions:
Interested applicants should email their full name, phone number and email address, date of birth, grade point average (GPA), SAT or ACT score, list of extracurricular activities and sports participation to USDAOMONGOLIA@state.gov by 1 December 2022. Due to current SAT/ACT testing limitations, candidates will be allowed to submit SAT/ACT scores up to 10 December 2022. At this time ALL Service Academies are still requiring either an SAT or ACT score to be allowed to compete.
Please include scanned copies of your GPA, SAT/ACT scores, and TOEFL scores to this email address. The subject line should be your full name and the military academy of your choice (e.g. Battsetseg Bold – United States Military Academy at West Point or Temuujin Bat – United States Naval Academy at Annapolis). Candidates must submit all documents by 1 December, or they will not be allowed to move on in the application process.
The Defense Attaché Office will then invite certain qualified candidates to take the Candidate Fitness Assessment and participate in an oral board with the Defense Attaché Office. Expect these to be conducted in the first two weeks of December in Ulaanbaatar. Candidates applying from outside of Mongolia should state where they are and where they will be in December so alternate accommodations can be made.
The Defense Attaché Office will select the top three-six candidates who will then apply directly to the academies. This application will require sending test scores to the academies as well as essays and recommendations.
Candidates are competing against international students across the world for approximately 15 slots per school. Selection by the Defense Attaché Office does not guarantee admission.
Tentative Timeline of Events:
Packets due to USDAO Mongolia Team – 1 December 2022
Interviews will take place – 6-8 December 2022
Cadet Fitness Assessment – 11 December 2022
Nomination Packets will be submitted to Academies – NLT 16 December 2022
English fluency is required for these schools and all communications must be in English. Any questions should be sent to the email USDAO Mongolia email address: USDAOMONGOLIA@state.gov.
 
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Filipino-American sworn in as US ambassador to Mongolia www.news.mn

Filipino- American Richard Buangan has taken his oath as the US ambassador to Mongolia, the US State Department has confirmed.
“I was honored to swear in Richard Buangan as @USAmbMongolia,” tweeted US Deputy Secretary of State Wendy Sherman on Tuesday. “Distinguishing himself through hard work, skilled diplomacy, and positive, collegial relationships, Ambassador Buangan will reinforce our pride as Mongolia’s Third Neighbor.”
US President Joe Biden appointed Buangan as ambassador to Mongolia last April.
Based on his State Department profile, Buangan joined the US Department of State in 1999 and was assigned to Israel, China, France and the Ivory Coast. He also served as an executive assistant to then Secretary of State Mike Pompeo and more recently as the acting assistant secretary to the Bureau of Global Public Affairs from April 4 to June 30.
Born to a Filipino family in San Diego, California, he graduated with a Bachelor of Arts in Political Science and Economics from St. Edward’s University in Austin, Texas, and speaks four languages fluently.
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