Brigadier General of the British Army Clare O'Grady Visits Mongolia www.open.kg

Brigadier General Clare O'Grady, Deputy Commander of the 2nd Air Group of the United Kingdom, is visiting Mongolia, where she is meeting with local military leaders.

This week, Clare O’Grady met with Major General Baatar Balzhid, Deputy Chief of the General Staff of Mongolia. They discussed issues of cooperation between the United Kingdom and Mongolia in the field of defense, as well as gender equality and the role of women in security and peace.

With 27 years of military service, Clare O'Grady holds the position of Squadron Commander and previously commanded a Royal Air Force base in Brize Norton, ensuring air mobility operations.

Her experience includes participation in operations in Kosovo, the Middle East, Iraq, and Afghanistan, as well as advising foreign armies on personnel processes.

Mongolia Welcomes 65,000 Tourists in April 2026 www.montsame.mn

The flow of foreign tourists visiting Mongolia is steadily increasing, and the growth of the tourism sector continues intensively.

According to statistical data, a total of 208,028 foreign tourists visited our country in the first four months of 2026. This represents an increase of 35%, or 54,260 tourists, compared to the same period last year.

Of these, 64,597 tourists arrived in April 2026 alone, which is a 26% increase compared to April 2025.

With the onset of the peak tourism season, the Ministry of Culture, Sport, Tourism, and Youth, along with its affiliated organizations, plans to focus consistently on improving service quality standards, strengthening international promotion, and developing regional tourism infrastructure.

The HU to Kick Off Its Upcoming U.S. Tour www.montsame.mn

Mongolia’s Cultural Envoy, The HU, will kick off its upcoming U.S. tour on May 12.

As part of the tour, the band will first perform for Mongolian communities in the Washington, D.C. area, showcasing a unique blend of traditional Mongolian heritage and modern rock music.

Government aims to align Oyu Tolgoi interest rates with international standards www.gogo.mn

Minister of Industry and Mineral Resources G.Damdinnyam recently presented Cabinet decisions concerning the Oyu Tolgoi (OT) agreement, outlining the progress of two working groups established by the Prime Minister.

While the Ministry of Finance manages issues surrounding investment interest rates, Minister G.Damdinnyam is spearheading negotiations to reduce management fees and enhance project governance. He described the current dialogue as highly intensive, involving frequent communication and yielding concrete results.

A significant milestone in these discussions was the resolution of a seven-year deadlock regarding the project's loan agreement. The Minister affirmed that negotiations will continue until all government objectives are met, with a primary focus on ensuring that both interest rates and management fees are adjusted to meet international standards.

Furthermore, a new working group has been established to negotiate terms for the Entrée joint venture area. The government aims to conclude a new investment agreement that prioritizes Mongolia’s interests by shifting the fiscal framework. 

"The Path of Mongolia's Development: 1990-Present" conference held www.gogo.mn

A research conference titled "The Path of Mongolia's Development: 1990-Present" was held on May 6, examining the nation's fundamental transformation over the last three and a half decades.

The discussion highlights the 1990 reforms, triggered by the collapse of the socialist system in the USSR and Eastern Europe, which led to a complete renewal of Mongolia’s social order. This era saw the adoption of a new democratic Constitution, the establishment of a multi-party system, and a transition toward a property-based market economy with a focus on people-centered social policies.

While this transition is often hailed internationally as a success story, scholars at the event noted that Mongolia’s social system has not yet fully matured. Researchers pointed to a growing tendency toward instability and deviations from the nation's original development goals. This has created an urgent need for a scientific analysis of the specific mistakes and achievements across various sectors.

The conference, organized by the Policy Research Department of the Institute of Philosophy at the Academy of Sciences, aims to synthesize these findings into a strategic roadmap. 

Mongolia Becomes Largest Importer Of Russian Chicken Eggs www.russiaspivottoasia.com

Mongolia imported over US$1.9 million worth of chicken eggs from Russia in Q1 this year, becoming the largest foreign buyer in this reporting period, according to the Russian Agriculture Ministry’s Agroexport Center.

In total, Russia exported over 4,600 tonnes of eggs worth US$6 million from January to March, with shipments rising 10% year-on-year in volume and 21% year-on-year in value. The United Arab Emirates, with over US$1.7 million, Kazakhstan, with around US$1 million, Abkhazia, with around US$700,000, and Kyrgyzstan, with over US$300,000 were also among the top five largest importers of Russian eggs. Russia exported nearly US$27 million worth of chicken eggs in 2025.

The Federal State Statistics Service (Rosstat) said that domestic egg production rose 6% to 41 billion eggs in 2025.

Mongolia has a Free Trade Agreement with Russia via the Eurasian Economic Union, with Russia now providing much-needed competition to Chinese exporters to the Mongolian domestic market. 

Amb. Ina Marciulionyte on the Future of EU-Mongolia Ties www.thediplomat.com

In the last several years, Mongolia’s relationship with the European Union – as opposed to purely bilateral diplomacy – has become more important to Ulaanbaatar’s engagement with Europe. The EU is stepping up its game in the Indo-Pacific as well, signing a historic free trade deal with India that is poised to alter economic flows in the region. 

The Diplomat spoke with Ambassador/Head of Delegation of the European Union to Mongolia Ina Marciulionyte on Mongolia-EU relations, collaboration projects, and what’s next the relations in a quickly changing geopolitical environment. 

Mongolia and the EU celebrated their 35th anniversary in 2024. How would you assess the past bilateral relations? What were the past shortcomings and how can relations be augmented?

Over the years, the EU and Mongolia have built a strong relation of confidence and have demonstrated solidarity on several occasions. For instance, the EU has actively supported Mongolia during the COVID-19 crisis, as well as provided emergency funding in response to the 2024 dzud and drought that affected hundreds of thousands of herders. We had done so already in 2017.

In 2017, the EU opened a diplomatic mission in Ulaanbaatar, which allowed me to meet with government ministers, Members of Parliament, local governors, and business representatives. I had also regularly met with Mongolian citizens, youth in particular, who are a large part of the Mongolia’s population. 

In addition, Mongolia also shares democracy and the acknowledgement that fundamental freedoms must be protected. These values are shared and align with the EU. 

Since 2024 – which marked 35 years of diplomatic relations – we have started exchanges on peace and security, a priority for Mongolia as for the EU. With the support of the EU Foreign Policy Instruments facility, a group of Mongolian peacekeepers was trained in Slovenia on the gender dimension of peacekeeping operations. And the EU wishes to engage more closely in the Ulaanbaatar Dialogue on Peace and Security in Northeast Asia. 

Last but not least, the Mongolia-EU cooperation projects support Mongolia in achieving Sustainable Development Goals and gaining economic and political independence in relation with its geography.

What are some of the current EU projects being implemented in Mongolia, particularly in the energy sector and renewable energy?

Our works prioritize sustainable development, economic development, and democracy in Mongolia. As part of our project, the EU currently has a significant project to implement the Forest Partnership signed by President of Mongolia Khurelsukh Ukhnaa and the president of the European Commission in 2022. The partnership aims at improving the sustainable management of forests in Mongolia and at modernizing  agriculture, especially cashmere and the meat value chain. I believe that it is urgent to reduce grazing pressure on Mongolian steppes that are in great danger of disappearing, leaving a desertified landscape instead. 

Mongolia is also hosting the COP17 of the UNCCD this coming August and is expected to showcase Mongolia’s efforts in managing rangelands and nomadic herding. 

The EU also supports Mongolia’s shift of energy production from brown to green by financing a transmission line between Sainshand and Choir in the Gobi area, together with connecting solar and wind farms to the rest of the grid. We are looking at further investments in the sector in the short term, with possibilities for generation, transmission, storage but also energy savings with better insulation. That being said, the EU works closely with EBRD and the European Investment Bank to support Mongolia’s effort in this matter.

The EU and India recently signed a free trade agreement, which has been dubbed the “mother of all deals.” What does this entail for countries like Mongolia, in terms of establishing new trade patterns and being flexible in times of uncertainties? 

The message EU and India gave with the strategic agreements they signed, including the Joint Strategic Agenda and the Security and Defense Partnership, is that they both aim at stability and predictability within the international rules-based order with the U.N. at its center. The free trade agreement gives a strong message on the importance of diversifying our supply chains. I hope it will be an inspiration for Mongolia as regards the importance of strengthening the U.N. in these difficult times. In addition, on trade, [the FTA holds lessons for] creating new opportunities for Mongolian exports without endangering local companies and fostering energy independence through investment in renewable energy. 

The zero-duty EU export scheme, called GSP+, which applies to Mongolia is not yet used to its maximum possibilities. The conclusion of an EU-Mongolia agreement on Geographical Indications would enable Mongolia to sell its cashmere at a higher price in the EU and find markets for high-quality products such as leather, honey, and other agricultural or artisanal goods. And it is really a time for Mongolia not only to speak about renewable energy but to effectively launch more projects: the potential in this immense country is bright and the energy independence is within reach. Time has come to raise the game.

Mongolia has been implementing what is known as “third neighbor” foreign policy. In your view, how can Ulaanbaatar’s multilateralism be bolstered with newer mechanisms? Considering Mongolia’s interest in establishing robust economic links with its third neighbors, what is the likelihood of new mechanisms, such as one linking the EU, India, and Mongolia? 

Mongolia does not need new mechanisms nor to reinvent the wheel: it needs investments from more countries. In my view, the main obstacles that prevent more foreign investments are the small size of Mongolia’s population, the geographical location that makes trade complicated including because of logistics, legal uncertainties on investment rules, and weaknesses of the judiciary. 

On the latter issue, the EU implements a number of projects in Mongolia. In October 2025, we have organized the first ever EU-Mongolia Business and Investment Forum that has attracted over 700 participants from Europe and Mongolia, including 70 European companies, most travelling from Europe and many for the first time. Mongolia’s Prime Minister Zandanshatar Gombojav (Editor’s note: Zandanshatar resigned in May 2026) opened the forum, and several ministers as well as Members of Parliament attended as panelists. One of the major success of the forum was that the European Investment Bank and Mongolia signed an agreement that opens the door to 1 billion euros in European investment. 

The EU has a strong, integrated mechanism for combating misinformation, disinformation, and cyber crimes. How is the EU assisting Mongolia to thwart such challenges, especially in an era of digitalism? 

Disinformation is not something new, but indeed new technologies have helped it to spread and artificial intelligence widens the foreign information manipulation and interference (FIMI) toolkit. In a country like Mongolia where social media play a major role, it has become a source of concern as it may weaken democracy though election interference or biased protests coverage, and facilitate violation of fundamental rights such as the rights to personal integrity and privacy. 

Mongolia will have important elections in 2027 and 2028, and indeed one can worry about foreign interference. The EU has built up capabilities to identify, analyze and respond to FIMI since 2015 to address Russian disinformation campaigns in the context of Russia’s aggression against Ukraine. For instance, the EU vs Disinfo website includes the world’s largest public archive of pro-Kremlin disinformation. 

The EU and EU member states had some projects in Mongolia already. The EU would be happy to support Mongolia in building further its counter-FIMI agenda.

You have an extensive experience working with diverse cultures. What is one thing that stands out to you about Mongolia’s culture? 

I am impressed by how authentically welcoming Mongolian people are with foreigners. I noticed that in particular during my visits in the provinces: each time, I meet with fantastic people, who are eager to show what they do and to understand what the EU does in Mongolia. 

I am also deeply touched by Mongolia’s rich cultural heritage and the attachment to the traditions of Mongolians, something that communism has tried to erase. Fortunately, traditions such as Tsagaan Sar and Naadam continue to play a central role in society, even for younger generations. But a lot of work is needed to revive this heritage and to ensure continuity. I believe that Mongolia’s third neighbors should do more cultural diplomacy.

Guest Author
Bolor Lkhaajav
Bolor Lkhaajav is a researcher specializing in Mongolia, China, Russia, Japan, East Asia, and the Americas. She holds an M.A. in Asia-Pacific Studies from the University of San Francisco.

Policy Support to Be Provided for Localization of Japanese Investment Companies in Mongolia www.montsame.mn

Seddorj Renchinbyamba, Chair of the Standing Committee on Economics of the State Great Khural (Parliament) of Mongolia, received a delegation led by Hideyuki Nakano, Parliamentary Vice-Minister for Internal Affairs and Communications of Japan, who is on an official visit to Mongolia.

During the meeting, the parties highlighted that Mongolia and Japan established diplomatic relations 54 years ago, which have since expanded and developed into a Strategic and Comprehensive Partnership. As an example of this cooperation, they noted that the National Statistics Office of Mongolia and the Statistics Bureau of Japan signed a Memorandum of Understanding in 2017, and cooperation continued uninterrupted even during the pandemic period.

The visiting side expressed interest in learning from the good practices of Mongolia’s National Statistics Office, which is recognized across the Asia-Pacific region and collects data from multiple sources, including mobile phone and satellite data. They also raised issues related to the arrival of Japanese trainers who are expected to work in Mongolia in June.

Chairman Seddorj conveyed greetings from Speaker of the State Great Khural Byambatsogt Sandag, who has been elected to parliament for a fifth term, and expressed gratitude for Japan’s continued support through the dispatch of experts to assist Mongolia’s statistical sector. He emphasized the effectiveness of holding regular bilateral meetings and noted that the Standing Committee places particular focus on enhancing the benefits of the Mongolia–Japan Economic Partnership Agreement and providing policy support to facilitate the localization of Japanese investment companies in Mongolia.

The sides exchanged views on the implementation and outcomes of memoranda of understanding and intergovernmental agreements concluded between the two countries.

The meeting was attended by Batdavaa B., Chairperson of the National Statistics Office of Mongolia, and Masaru Igawahara, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, along with representatives of the Embassy of Japan, according to the Press and Public Relations Department of the State Great Khural.

Ranks High in Financial Service Accessibility Indicators www.montsame.mn

The Financial Regulatory Commission (FRC), in cooperation with the Alliance for Financial Inclusion (AFI), is organizing an international training titled “Integrating Gender-Inclusive Finance into Supervisory Frameworks.”

During the opening, FRC Chairman Jambaajamts Tundev emphasized that gender equality remains a key priority in expanding access to financial services. He noted that Mongolia ensures an appropriate gender balance within company boards under the Corporate Governance Code, conducts assessments of financial inclusion and citizens’ financial health, and adopts data-driven policies and decisions.

He further highlighted that regulatory measures supporting gender equality, increasing women’s economic participation, and financing projects through the capital market have enabled domestic companies to issue social and sustainability bonds. Among these is one of Central Asia’s first gender bonds, demonstrating regional leadership. Mongolia also joined the Women Entrepreneurs Finance Code last year, with 28 non-bank financial institutions and four professional associations currently participating, reflecting growing awareness and engagement among stakeholders.

Chairman Jambaajamts stressed that building an inclusive financial system requires high-quality data, sound policymaking, and strong cooperation among partners. In this context, the international training provides an important platform for sharing experience, learning, and improving regulatory and supervisory practices.

The training aims to strengthen Mongolia’s financial sector regulatory and supervisory capacity in line with international standards while contributing to the development of a women-friendly, inclusive, and fair financial system. More than 70 representatives from financial regulatory bodies and central banks of over 40 countries are participating in the training. Participants are exchanging experience on gender-responsive supervision, risk-based oversight, consumer complaint resolution mechanisms, financial literacy, fraud prevention tools, and the application of artificial intelligence and SupTech solutions.

The FRC will also present Mongolia’s financial market policies, initiatives to enhance women’s financial inclusion, reforms in market conduct supervision, and consumer protection measures. The program further provides technical knowledge and skills related to supervisory implementation, risk assessment matrices, inspection methodologies, market monitoring tools, and the systematic integration of gender considerations into supervision.

Batchimeg Batbold, Director of Market Research and Development Department at FRC, stated that the training focuses on improving financial service accessibility for women entrepreneurs and promoting gender balance through experience sharing among policymakers and regulators. She noted that Mongolia ranked ninth globally in financial service accessibility in 2025, placing it alongside developed countries. While access to financial services among individual clients shows little disparity by gender, age, or education level, women entrepreneurs often receive similar services but with differing financing volumes. To address this gap, several bonds have been issued, financing more than 300 entrepreneurs.

The Alliance for Financial Inclusion is an international organization comprising central banks and financial regulatory institutions from over 100 developing countries, working to expand financial services to underserved populations. The Financial Regulatory Commission joined AFI in 2010 and participates in seven of its working groups. The international training is being held from May 4–8 in connection with the 20th anniversary of the establishment of the FRC.

MNT 86 Billion in Tourism Loans Approved, Parliament Hears www.montsame.mn

 The Subcommittee on Tourism Development of the State Great Khural (Parliament) heard a briefing on concessional loans aimed at supporting the tourism sector at its meeting on May 5, 2026.

The presentation was delivered by Batchimeg V, Head of the Tourism Policy and Coordination Department at the Ministry of Culture, Sports, Tourism, and Youth. She noted that a total of MNT 250 billion in concessional financing has been allocated for the sector this year. In this framework, enterprises have submitted loan applications totaling MNT 2 trillion to 10 commercial banks. Currently, loan requests from 198 enterprises amounting to MNT 404 billion are under review by the banks.

She added that the line ministry is required to conclude monitoring agreements for loans exceeding MNT 500 million. To date, 28 enterprises have submitted requests to sign such agreements, of which 13 have been finalized while 15 remain under review. Overall, loan approvals totaling MNT 86 billion have been granted to 42 enterprises, with MNT 5.9 billion disbursed so far.

According to the Press and Public Relations Office of the State Great Khural, the Minister of Culture, Sports, Tourism and Youth, the Governor of the Bank of Mongolia, and representatives of the Ministry of Finance met last week with executives of the 10 commercial banks. They agreed to establish a supervisory working group by order of the central bank governor, amend the general financing agreement, and publicly disclose information on enterprises that have signed monitoring agreements or received loans.