1 14TH MBD MISSION FOR MBCC'S "DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION" AND BUSINESS PROGRAM DEC 08- 14. 2025 LONDON, UK WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/09/16      2 IMF WRAPS UP 2025 ARTICLE IV TALKS WITH MONGOLIA WWW.IMF.ORG PUBLISHED:2025/09/16      3 POSCO INTERNATIONAL TO LAUNCH WASTEWATER HEAT DISTRICT HEATING PROJECT IN MONGOLIA WWW.CM.ASIAE.CO.KR  PUBLISHED:2025/09/16      4 MONGOLIA'S EXTERNAL DEBT UP 12.7 PCT IN Q2 2025 WWW.NEWS.AZ PUBLISHED:2025/09/16      5 2025 AUTUMN SESSION OF THE STATE GREAT KHURAL COMMENCES WITH STRUCTURAL REFORMS WWW.MONTSAME.MN PUBLISHED:2025/09/16      6 MONGOLIA SURPASSES 617,000 TOURIST ARRIVALS BY MID-SEPTEMBER 2025 WWW.MONTSAME.MN PUBLISHED:2025/09/16      7 ODD-EVEN TRAFFIC RESTRICTION CONCLUDES WWW.UBPOST.MN PUBLISHED:2025/09/15      8 MMC ANNOUNCES FIRST GOLD POUR COMPLETED AT THE BAYAN KHUNDII MINE IN MONGOLIA WWW.SG.FINANCE.YAHOO.COM  PUBLISHED:2025/09/15      9 MKE LAUNCHES CARTRIDGE PRODUCTION LINE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/15      10 MONGOLIA’S LARGEST MINING EVENT HIGHLIGHTS INVESTMENT AND RESPONSIBLE MINING WWW.MONTSAME.MN PUBLISHED:2025/09/14      14 ДЭХЬ УДААГИЙН MBCCI’S “ DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION” B2B NETWORKING БОЛОН БИЗНЕС ХӨТӨЛБӨР 2025 ОНЫ 12 САРЫН 08 -13 ЛОНДОН ХОТ, ИХ БРИТАНИ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/09/16     ЭДИЙН ЗАСГИЙН ТӨРӨЛЖИЛТИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 145 ОРНООС 139-Д БИЧИГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/16     ӨНӨӨДӨР: “СЭЛБЭ 20 МИНУТЫН ХОТ”-ЫН ДАРААГИЙН ЭЭЛЖИЙН ОРОН СУУЦНЫ ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/16     ШЭНЬ МИНЬЖУАНЬ: БНХАУ МОНГОЛ УЛСЫГ ШХАБ-ЫН ГЭР БҮЛД НЭГДЭЖ, ХАМТЫН АЖИЛЛАГААГАА ӨРГӨЖҮҮЛЭХИЙГ УРЬСАН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     Г.ЗАНДАШАТАР: ТӨРИЙН ДАНХАР БҮТЦИЙГ ХУМИХ АЖИЛ ИРЭХ ОНД Ч ҮРГЭЛЖИЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     Ц.ТУВААН: НҮҮРСНИЙ ҮНЭ 3 САР ТУТАМ ШИНЭЧЛЭГДЭНЭ. ГЭРЭЭНД ЯМАР Ч НУУЦ БАЙХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     ХАНЫН МАТЕРИАЛД 1800 АЙЛЫН ОРОН СУУЦ БАРИХ ТӨСЛИЙН ГҮЙЦЭТГЭГЧ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     "ТАТВАРЫН ХЭТ ӨНДӨР ТООЦОО БИЗНЕС ЭРХЛЭГЧДИЙГ ХААЛГАА БАРИХАД ХҮРГЭНЭ" WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/15     ГАДААД ХУДАЛДААНЫ НӨХЦӨЛИЙН ИНДЕКС ӨМНӨХ ОНООС 4.1 ХУВИАР БУУРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/15     ЭХНИЙ НАЙМАН САРЫН БАЙДЛААР 600 МЯНГАН ЖУУЛЧИН ИРЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/15    

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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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Second Phase of the IFC Green Finance Market Development Project Launches www.montsame.mn

The Financial Regulatory Commission of Mongolia and the International Finance Corporation (IFC) have renewed their partnership to further advance sustainable finance in Mongolia by signing a new Memorandum of Understanding. The signing of the cooperation document also marks the launch of the second phase of the IFC Green Finance Market Development Project.
Under the Memorandum of Understanding, the two parties will focus on developing regulations for innovative thematic financial instruments, including blue bonds, sustainability-linked bonds, and sustainable bonds. They will also work to align Mongolia’s Environmental, Social, and Governance reporting framework with the International Financial Reporting Standards’ Sustainability Standards 1 and 2.
Chairman of the Financial Regulatory Commission Jambaajamts Tundev said, “This initiative aims at supporting more Mongolian issuers in tapping into climate-themed finance beyond green bonds, diversifying their funding sources, and attracting additional capital for key projects. By collaborating with IFC, we can help build a more resilient and environmentally sustainable financial sector that aligns with international standards. This will contribute to the overall sustainability of our economy.”
IFC Resident Representative for Mongolia Matthieu Le Blan said, “Mongolia’s sustainable development plans present a significant opportunity to invest in infrastructure, farming, and forestry, driving job creation, innovation, and inclusive growth. These investments will help generate diverse employment, from construction and maintenance to services and clean tech startups, while fostering entrepreneurship and new industries. By leveraging our expertise, we are committed to creating an enabling environment that mobilizes more private sector solutions to help turn this vision into reality.”
Mongolia has made significant progress in promoting green finance through various initiatives. In 2021, with support from the Government of Japan through its Comprehensive Trust Fund, IFC assisted the FRC in formulating Mongolia's Green Bond Regulation and Guideline documents. Since then, seven corporate green and social bond transactions have been successfully issued in both local and international markets, raising a total of $338 million. In 2022, IFC collaborated with other development partners to support FRC in launching the Environmental, Social, and Governance (ESG) and Sustainability Reporting Guidance for Mongolian companies, referencing leading international reporting frameworks, as well as the IFC Disclosure and Transparency Toolkit. In 2023, FRC joined the IFC-supported Sustainable Banking and Finance Network. 
Under the initial phase of the "IFC Green Finance Market Development" Project, IFC conducted a comprehensive climate risk exposure assessment for the Mongolian banking sector. In 2023 and 2024, IFC invested in Mongolia’s first green bond and social bond, respectively, helping to catalyze the country’s sustainable bond market.

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The 10th Ulaanbaatar Dialogue on Northeast Asian Security Commences www.montsame.mn

Co-organized by the Ministry of Foreign Affairs of Mongolia and the Institute for Strategic Studies of Mongolia, the 10th “Ulaanbaatar Dialogue” International Conference on Northeast Asian Security opened on June 5, 2025.
The two-day Conference brings together more than 230 scholars, researchers, and delegates from over 40 countries, including Australia, the United Arab Emirates, the United States, the United Kingdom, Oman, Iceland, Canada, Estonia, and France, as well as countries from Northeast Asia.
Since the 1980s, Mongolia has consistently sought to establish a dialogue mechanism for Northeast Asia, and in 2013, launched the “Ulaanbaatar Dialogue on Northeast Asian Security” initiative, successfully convening the International Conference since 2014. The “Ulaanbaatar Dialogue” International Conference adheres to Mongolia’s peaceful, open, independent, and multi-pillar foreign policy. The consistent hosting of the Conference made it an international platform for dialogue on regional security issues, solutions, and confidence-building.
Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh delivered opening remarks, stating that dialogue, cooperation, and mutual understanding are essential to overcoming the region’s multifaceted security challenges. The Foreign Minister invited participants to engage in active discussions and share their views.
Director of the Institute for Strategic Studies under the National Security Council of Mongolia Dr. Mendee Jargalsaikhan said, “The ‘Ulaanbaatar Dialogue’ is a major step in Mongolia’s foreign policy. The Conference offers nations with disputes to engage in conversation. The growing number of participants is the main achievement, with over 230 domestic and foreign delegates attending this year. The participants will exchange experiences and hold discussions on five core themes, including regional security challenges, cooperation opportunities, climate change, and energy resilience. As Mongolia will host COP17 in 2026, we are emphasizing climate issues.”
Head of the Permafrost Research Center at the Institute of Geography and Geoecology at the Mongolian Academy of Sciences Dr. Saruulzaya Adiya noted, “Climate change is expanding desertification fronts and accelerating permafrost thaw. Whereas permafrost covered 63 percent of Mongolia’s territory in 1971, it has now shrunk by 34 percent. This affects infrastructure, including roads and buildings, in permafrost zones are increasingly damaged, leading to accidents. We need climate-adaptive technologies in transport and construction. The ‘Billions of Trees’ National Movement is an excellent model. Growing forests in desertifying areas can help mitigate climate change. Through this Conference, we aim at studying best practices from other countries and implementing climate adaptation and mitigation strategies.”
The 10th “Ulaanbaatar Dialogue” is hosting five thematic sessions, including “Security Challenges and Opportunities in Northeast Asia,” “Multilateral Cooperation in Northeast Asia,” “Climate Change and Security Challenges in Northeast Asia,” “Regional Cooperation between Northeast and Central Asia,” and “Energy Challenges and Climate Change in Northeast Asia.”

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The power of protest: Mongolia’s victory vs. Georgia’s ongoing battle for change www.kz.kursiv.media

On Tuesday, June 3, Mongolian Prime Minister Luvsannamsrain Oyun-Erdene resigned after losing a vote of confidence amid weeks of anti-corruption protests. Public outrage had intensified over the perceived lavish lifestyle of the prime minister’s family, fueling persistent demonstrations in the capital, Ulaanbaatar, according to Al Jazeera.
As reported by The Diplomat, Mongolian youth have staged protests for three consecutive weeks. While demonstrators called for transparency and accountability, political elites appeared out of touch with the everyday concerns of citizens. The uproar was initially sparked by a social media post highlighting the extravagant lifestyle of Oyun-Erdene’s son. In response, activists mobilized online. The Instagram account @ogtsrokh_amarakh, meaning «resignation is easy,» was created three weeks ago to amplify protest demands and now has more than 17,800 followers.
Observers say the protest was grassroots-driven, with young people demanding financial transparency. At the same time, recent events have spotlighted the underlying instability that shapes Mongolian politics. Rather than directly addressing the protesters, Oyun-Erdene sought a parliamentary vote of confidence. In the end, he failed not only to win public support but also to secure the backing of lawmakers, leading to the collapse of his government, The Diplomat concluded.
The fall of Mongolia’s coalition government, following youth-led protests, underscores the unpredictable outcomes of mass uprisings in transitional economies, as protests of a similar scale in Georgia last October did not yield the same results.
Despite thousands taking to the streets and President Salome Zourabichvili siding with demonstrators who disputed the parliamentary election results, Georgia’s ruling Georgian Dream party, often described as pro-Russian, retained power. The cabinet, led by Prime Minister Irakli Kobakhidze, stayed in place.
Earlier in the year, the European Union blocked Georgia’s progress toward EU membership, stating that the country had deviated from the European path. The decision followed controversial legislation targeting so-called foreign agents and restricting «LGBT propaganda,» which had also sparked mass protests.

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Magnitude 5.3 earthquake strikes northernmost Mongolia www.thestar.com.my

A magnitude 5.3 earthquake was recorded at 18:22:57 on June 4 in the Shaanii Uul area, located 71 km northwest of Ulaan-Uul soum centre and 230 km north of the Khuvsgul province centre, near Mungarag in Ulaan-Uul.
The Emergency Management Agency received notification of the quake via email at 18:31 from the Institute of Astronomy and Geophysics.
According to the Governors' Offices of Ulaan-Uul and Tsagaannuur, earthquake tremors were felt in the area, but no damage has been reported. The Deputy Governor of Ryenchinlkhumbe also confirmed that tremors were not felt in their jurisdiction and that no damage occurred. - Go Go Mongolia/ANN

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Uzbekistan launches pilot freight transport along new corridor to China and Mongolia www.en.trend.az

Uzbekistan's Ministry of Transport, in cooperation with the Chamber of Commerce and Industry, has launched the first pilot freight transport along the Uzbekistan–Kyrgyzstan–China–Mongolia corridor to expand market access and establish new road freight routes, Trend reports.
This milestone marks the beginning of a promising international transport corridor, made possible through effective collaboration between participating countries and joint efforts in developing logistics infrastructure. The corridor opens up new opportunities for trade growth and enhanced transport and logistics connectivity across the region.
The newly established route is expected to significantly boost the volume of export and import freight between the involved countries, expand the geography of trade relations, and reduce delivery times for goods.
Amid ongoing challenges in the global logistics market, the development of this corridor is especially important for Uzbek national carriers. It offers a strategic advantage for expanding their business, improving operational efficiency, and strengthening their position at both regional and global levels.

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Draft Law on Amendments to the General Law on Taxation to Be Submitted to Parliament www.montsame.mn

During its regular session on June 4, 2025, the Cabinet of Mongolia discussed the draft Law on Amendments to the General Law on Taxation and decided to submit it to the State Great Khural (Parliament) of Mongolia.
The amendments aim at improving the availability of advisory services for taxpayers and facilitating the accessibility of information and advice necessary for the implementation of customs and tax legislation. As a result, disputes between taxpayers and tax and customs authorities related to the application of laws will decrease, and conditions will be created to prevent tax violations.
One of the main goals of the advisory services is to prevent taxpayers from risks and support their voluntary compliance with tax legislation. In this context, in situations where taxpayer compliance decreases or tax risks are assessed negatively, taxpayers are notified about potential issues in advance, allowing them to address and correct errors. It will prevent tax violations, ensure the stability of the tax environment, and allow taxpayers to conduct responsible and transparent activities.
In addition, the tax authorities will extend the period for correcting tax returns, rather than issuing an act after the taxpayer makes a mistake. Accordingly, it will play a crucial role in trusting taxpayers and conducting tax collection and inspection more effectively, less burdensome for taxpayers, and more risk-based.
The draft Law eliminates the regulation that completely closes the bank accounts of taxpayers whose financial situation has worsened and who have fallen into tax debt, and includes a regulation that freezes a certain part of the account. This action will have an important impact on ensuring that taxpayers manage to pay their debts without disrupting their normal business operations.

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The Fall of Mongolia’s Coalition Government www.thediplomat.com

On June 3, a vote of the State Great Hural – Mongolia’s parliament – led to the resignation of Prime Minister Oyun-Erdene Luvsannamsrai and his government. The Mongolian youth movement, which had protested for 21 days straight, succeeded in toppling the 10-month-old coalition government. The events that unfolded over the past weeks demonstrate the active engagement of Mongolia’s youth, and how disconnected political elites are from the people’s demands. At the same time, recent weeks also shed light on the instability that fuels Mongolia’s political life.  
As protestors gathered outside Sukhbaatar Square in Ulaanbaatar for the 21st day, secret ballots decided the fate of Mongolia’s political leadership. Just 82 out of 126 members of parliament participated in the no-confidence vote. Ahead of the final vote, Democratic Party ministers withdrew from the coalition government. The Democratic Party Parliamentary Group, with 42 seats in the State Great Hural, ultimately decided to abstain from the vote. The abstention was arguably a political gambit to secure a unified stance, given concerns that some members might vote to show confidence in Oyun-Erdene. 
The withdrawal of the Democratic Party from the coalition government now makes the party the opposition force in the legislature. 
Mongolia’s President Khurelsukh Ukhnaa also addressed the parliamentary session on the ongoing protests, national interest, and unity. In his speech, Khurelsukh reminded the members of the parliament that they were elected to represent the people, not a single political figure. Khurelsukh, who served as prime minister of Mongolia from 2017 to 2021, recalled the reasons for his own resignation, a mishandling of the COVID-19 pandemic.
Current Mongolian law requires at least 64 votes for the prime minister to remain in office. Of the 82 lawmakers who voted in the motion, 44 voted to support Oyun-Erdene, while 38 indicated no confidence. 
In an effort to pressure parliamentarians to oust Oyun-Erdene, protesters demanded that the 126 MPs – who had just been elected in June 2024 – speak and represent their constituencies. New parliamentary members, such as Japan-educated architect Luvsanjamts Ganzorig; CEO of Ondo Space Anar Chinbaatar; Saranchuluun Otgon, a voice and representative for the disabled and underserved communities; Uyanga Bold, a major advocate for sustainable development; Bum-Ochir Dulam, an Oxford-educated anthropologist; and more members received messages from their constituencies, demanding that they vote no confidence. 
In an organized messaging campaign, the protesters told their representatives: “If you trust him [the prime minister], we will not trust you.” 
Mongolian youth have been protesting for three weeks straight. While the people demanded transparency and accountability, political elites responded in a way that was disconnected from ordinary Mongolian people’s lives. 
The political fiasco was sparked by a social media post showcasing the luxurious lifestyle of Oyun-Erdene’s son. In response, protesters organized on social media. The Instagram account @ogtsrokh_amarakh (meaning “resignation is easy”), launched three weeks ago to communicate protesters’ demands, now has 17,800 followers. To observers, it was clear that the protest was organic, and the youth demanded financial transparency. 
From the start, however, there was a disconnect between Oyun-Erdene’s response and the people. The prime minister did not respond in a timely manner, let alone resign or show proof of income. But it wasn’t just that Oyun-Erdene failed to speak directly to the people. Despite the fact that he and his son eventually submitted their financial statements to the anti-corruption authorities, Oyun-Erdene clearly did not recognize (or even disregarded) the people’s distrust in the judicial system. 
The second disconnect was even more pronounced. When Oyun-Erdene spoke to several media representatives, his response was deeply political – not what the people wanted and needed to hear from him at that moment. He pointed to specific policy goals and accomplishments to defend his record and ask for a continued tenure. Understandably, as prime minister, Oyun-Erdene had a duty and responsibility to maintain a stable political and economic environment, but that doesn’t mean he can deprioritize the people’s demands – the very thing the stable government exists to serve.
Moreover, because Oyun-Erdene did not meet the protesters at Sukhbaatar Square, the Mongolian people believed his handling of the backlash lacked responsibility, accountability, and transparency. As time passed, the number of protesters only increased and expanded their demands. 
The third and the most notable disconnect is that Oyun-Erdene’s actions or lack thereof showed that his priority was defending the coalition government. Because he failed to address the people as a leader of a democratic society, the people began to view him as holding onto his power by refusing to resign, or hiding some major financial scheme with business interests. 
While still not addressing nor meeting the protesters, Oyun-Erdene sought a vote of confidence from the parliament. In the end, he not only failed to win the people’s trust, but failed to secure a parliamentary vote to maintain his government intact. While the public outrage was all too real, the political maneuvering behind the scenes – including by Oyun-Erdene’s own Mongolian People’s Party (MPP) – can’t be ignored, either.
“Yes, protests against Oyun-Erdene for the last two weeks over conspicuous consumption were quite effective, but in the end, it was MPP MPs who abandoned Oyun-Erdene in the parliamentary vote and I don’t think that they were particularly swayed by anti-corruption sentiment,” said Julian Dierkes, a long-time Mongolia researcher and the dean of the University of Mannheim School of Social Sciences.
Mongolia, is now looking for a new prime minister. The disbanding of the coalition government will allow the MPP to enjoy sole control over the legislative agenda as well as holding the prime minister post and the presidency. 
Before being ousted, Oyun-Erdene’s Press Office released economic predictions in the case of his coalition government being removed from power. According to the Mongolia’s Economic Development Board, Mongolia may see a 22 percent reduction in Gross National Income within six months, 12.2 percent increase in inflation within a year, and an unemployment rate rising 2.5 percent from previous year. As the new government takes shape, these forecasts should be taken seriously and further investigated. 
With a new prime minister coming into office, there is always a risk that national projects and priorities will change. Current and potential investors will be even more cautious while political factions and lobbyists employ nepotism to protect their business and political interests.  
As with any government transition, especially, moving from a coalition government to single-party executive power, the people of Mongolia will be watching closely for transparency and accountability. Yet the Mongolian youth will celebrate – they successfully toppled Oyun-Erdene’s four-plus-year political career as prime minister. The mobilization of the peaceful protest manifests Mongolia’s democratic process and social and political activism on the younger generation’s part.
On the global scale, however, the issue is a bit more complicated than a domestic celebration. Mongolia’s political instability can have a negative impact on its economy and bilateral partnerships. The coalition government aimed to expedite 14 long-delayed mega-projects and major infrastructure construction, all of which require long-term investments from global partners. These projects will now need to be revisited with a fresh eye and new calculations as current and potential investors fear political and economic instability. 
If Mongolia’s governments continue to topple, the development and happiness that the Mongolian people seek, deserve, and hope for will only be postponed and pushed-back. 
By Bolor Lkhaajav

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Revised Draft Law on Value Added Tax to Be Submitted to Parliament www.montsame.mn

During its regular session on June 4, 2025, the Cabinet of Mongolia discussed the revised draft Law on Value Added Tax and decided to submit it to the State Great Khural.
The revised draft Law on Value Added Tax was formulated with the following main objectives:
1. To reduce the tax burden on citizens and households and protect real income. The revised draft Law reflects regulations for refunding up to 100 percent of the value-added tax paid by citizens in stages by making discounts and exemptions more aligned with international trends and principles.
2. To foster businesses and allow enterprises to expand their activities. The revised draft Law includes regulations designed to facilitate favorable conditions for enterprises by reducing shortages of assets and working capital, doing business with minimal capital cost burden, and paying fair tax. Also, as part of the goal of supporting employment, specific tax support will be provided to support employee development and improve human resource policies and the work environment.
The tax environment for foreign investors will be made more favorable to increase investment and make the tax environment more competitive. As a result, businesses will be able to attract foreign investment more easily and at lower costs, which would contribute to an increase in Mongolia's total investment volume and economic activity.
The revised Law on Value Added Tax would solve common problems faced by business owners, reduce the capital cost burden, and enable businesses to expand their activities. In the future, the introduction of artificial intelligence and big data-based systems will allow taxpayers to receive the necessary information promptly and resolve issues related to compliance with tax laws in advance.

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Mongolia solar tender: 19.8 MW Solar Plant for a Stunning Future www.pvknowhow.com

Mongolia solar tender marks ambitious step toward renewable energy with ADB support
Overview
Mongolia is making significant strides in its renewable energy sector by launching a tender for a 19.8 MW solar power plant in Khovd Province. This initiative is a crucial part of the broader „Energy Efficiency and Renewable Energy“ project, which is being funded by the Asian Development Bank (ADB) and managed by Mongolia’s Ministry of Energy. The primary goal of this project is to reduce the country’s heavy reliance on coal and enhance its renewable energy capacity, thereby contributing to the global fight against climate change.
Project Details
The 19.8 MW solar plant is expected to play a vital role in Mongolia’s energy transition. By harnessing the abundant solar resources available in Khovd Province, the project aims to provide a sustainable and clean energy source that can help meet the growing electricity demands of the region. This initiative will not only support Mongolia’s energy diversification efforts but also foster economic development by creating jobs and promoting technological advancements in renewable energy.
Focus on Sustainable Development
The tender for the new solar plant is aligned with Mongolia’s commitment to sustainable development and energy efficiency. By reducing its dependency on coal, Mongolia is taking an essential step towards decreasing its carbon footprint and contributing to global environmental goals. The project is designed to ensure that the country’s energy needs are met without compromising the environment or the health of its citizens.
Global Context and Support
Mongolia’s move is part of a larger global trend towards renewable energy adoption. Projects like this one, supported by international organizations such as the ADB, underscore the importance of collaborative efforts in addressing climate change. Similar initiatives are being observed worldwide, such as a solar project in Saint Lucia, which recently launched a 3 MW solar farm to power 3,000 homes, demonstrating the global shift towards clean energy solutions. Learn more about Saint Lucia’s project.
Conclusion
The launch of the tender for the 19.8 MW solar power plant in Khovd Province marks a significant milestone in Mongolia’s renewable energy journey. With the support of the ADB and the Ministry of Energy, this project is poised to make a substantial impact on the country’s energy landscape, promoting a cleaner, more sustainable future for Mongolia and setting an example for other nations to follow in their pursuit of renewable energy solutions.

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Gold purchase by Mongolia's central bank down 29.3 pct in 1st 5 months of 2025 www.xinhuanet.com

The Bank of Mongolia, the country's central bank, said on Wednesday that its purchase of gold decreased by 29.3 percent in the first five months of 2025 compared with the same period last year.
The Bank of Mongolia has purchased a total of 4.3 tons of gold from legal entities and individuals in the January-May period.
As of May, the central bank's average gold purchase price was 376,606.51 Mongolian tugriks (around 105 U.S. dollars) per gram.
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
According to the regulator, Mongolia's foreign exchange reserves stood at 5.135 billion dollars by the first quarter of this year.

 

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