EBRD lending up to MNT 26.2 billion to support Mongolia’s automotive sector www.ebrd.com

The European Bank for Reconstruction and Development (EBRD) is promoting further growth in non-extractive industries in Mongolia by supporting the operations of its longstanding client MSM Group, which is involved in the production and sale of industrial chemicals, the distribution and maintenance of cars and industrial vehicles, and the importing and distribution of beverages.
MSM, which has been working with the EBRD since 2008, will use the Bank’s loan of up to MNT 26.2 billion (€7 million) for the construction of a storage facility, a workshop and an automotive showroom. The funds will also help MSM to finance its working capital needs.
The expansion of MSM’s operations will help it to provide a better and faster service to its customers. The company will also be in a better position to cater for the needs of Mongolia’s rapidly growing automotive sector, which saw a 67 per cent increase in vehicle imports in 2024.
The EBRD has invested almost €2.77 billion in Mongolia’s economy through 158 projects to date. Approximately 90 per cent of these funds have been used to support private-sector companies.

New trade avenues open with Singapore www.ubpost.mn

In celebration of the 55th anniversary of diplomatic relations between Mongolia and Singapore, the two nations have reaffirmed their commitment to deepening economic and commercial ties through a high-level business forum held in Ulaanbaatar. The Mongolia-Singapore Business Relations, Connections and Cooperation Meeting brought together government officials, business leaders and entrepreneurs to explore new avenues for trade, investment and long-term partnership.
The forum featured participation from approximately 20 entrepreneurs representing eight Singaporean companies engaged in logistics, software development, language training, chemical engineering and industrial process development. Their Mongolian counterparts, more than 10 entrepreneurs from related fields, engaged in one-on-one B2B discussions, paving the way for direct collaboration and investment opportunities.
Opening the event, CEO of the Mongolian National Chamber of Commerce and Industry (MNCCI) B.Saruul highlighted Singapore’s global leadership in smart development, financial innovation and technology. “This meeting is not just a milestone in our diplomatic journey, but a meaningful step toward building sustainable, value-driven business networks that will foster innovation and mutual prosperity,” she said.
In a keynote address, Director of the Institute of Economic Research at the MNCCI O.Tumen-Amar spoke on “Challenges and Opportunities for Foreign Enterprises Entering Mongolia”. He emphasized the country’s growing market potential and strategic sectors for investment. Despite the modest trade volume, bilateral trade is showing promise. In 2024, Singapore exported 10.4 million USD worth of goods to Mongolia and imported 45 million USD, accounting for 0.2 percent of the country’s total trade turnover.
The two countries currently collaborate across several sectors, including mining, education and services, with growing emphasis on human resource development and capacity-building for civil servants. There are around 30 companies with Singaporean investment operating in Mongolia, particularly in trade, catering, geology, mining, banking and finance.
The event was jointly organized by the MNCCI, the Embassy of Mongolia in Singapore, the Singapore Business Association, and Enterprise Singapore, a government agency supporting Singaporean enterprises in overseas expansion. The meeting concluded with optimism about future economic cooperation, as both countries continue to build a modern and strategic partnership grounded in innovation and mutual growth.

The Mongolian Billion Tree Foundation has made a contribution to the “The Great Khaans’ Garden” www.billiontree.mn

The reconstruction of the ancient city Kharkhorin in Uvurkhangai province has officially begun with the inauguration of The Great Khaan’s Garden. 
President of Mongolia Khurelsukh Ukhnaa has foremly inagurated “The Great Khaans’ Garden” along with other high -level officials. Following the oppening speeches, the national flag of Mongolia was raised in the center of the garden, symbolizing the eternal prosperity of our ancestral land and cultural heritage, a significant state ceremony in its own right.  
In this way, what was once a city existing only on paper is now beginning to materialize as a “well-planned green city” from the very outset. 
As part of its contribution, the Mongolian Billion Tree Fund has planted a total of 3,616 coniferous trees in the The Great Khaans’ Garden, laying the foundation for the future Kharkhorum. Among these 500 are fir trees, with the remainder being pine. Additionally, a 13,000 square meter parking area, with lighting, has been constructed and handed over for public use. The afforestation work was implemented by “Tod Gazar” LLC, while the parking lot was built by “Central AZZA TJSC” for Road Maintenance, both completing the work within a short time frame and at a high level of quality. 
Mongolian Billion Tree Foundation will be responsible for the irrigation, care, and protection of the planted trees over the next three years. 
This contribution by the fund to the development of Kharkhorum aligns with national efforts to combat climate change and desertification, supporting key environmental policies and meaningful initiatives in every possible way.
The city under reconstruction will have 50% of its total area covered by forest, 30% for construction, and the remaining for roads.

China-Mongolia Border Railway Begins Piling www.ceic.com

On June 15th, CHN Energy's Baoshen Railway Gants Mod Railway Company and Mongolia's Tavantolgoi Railway LLC simultaneously commenced drilling operations at the border, marking the start of the first pile for Pier 24 of the China-Mongolia Cross-border Railway Bridge.
The Chinese section of this cross-border railway bridge spans 760 meters and includes 348 bored piles, 34 pile caps and 34 piers.
The project connects China's Gants Mod Port with Mongolia's Gashuun Sukhait Port. Upon completion, it will link the Ganquan Railway with Mongolia's southbound railway network. This represents the second cross-border railway between China and Mongolia since the 1950s, playing a significant role in enhancing regional connectivity and economic and trade cooperation.
Currently, both Chinese and Mongolian sides are working in close cooperation to advance construction and ensure the project is completed on schedule. The railway is expected to facilitate the expansion of energy and resource trade between the two countries and spur the development of cross-border logistics, industrial parks and related sectors.

State Great Khural Members Meet IMF Staff Team www.montsame.mn

Members of the Standing Committee on Economics of the State Great Khural of Mongolia hosted a meeting with Deputy Division Chief at the International Monetary Fund (IMF) and Head of the IMF staff team under Article IV of the IMF’s Articles of Agreement Tahsin Saadi and other IMF officials.
Mentioning that, according to Article IV of the IMF’s Articles of Agreement, the IMF staff team visits member countries each year, Mr. Tahsin Saadi presented suggestions on possible policies to be implemented by the Government and the Parliament of Mongolia to support the country’s economy. Although the staff team had planned to work in Mongolia seven months ago, the situation has significantly changed since then, noted the IMF staff team and said that the team will soon present their brief reports to the Government and the Ministry of Finance of Mongolia. The main report is scheduled to be ready by next autumn.
At the meeting, the two sides discussed the current state, short- and long-term trends, and relevant conclusions and recommendations regarding Mongolia’s economy and budget., The meeting was attended by Members of Parliament Badamsuren Myagmarsuren, Batbold Rinchindorj, Batsumberel Natsagdorj, Batchimeg Purev, Luvsanjamts Ganzorig, Munkhsoyol Baatarjav, Soronzonbold Lkhagvasuren, Undraa Agvaanluvsan, as well as IMF Resident Representative for Mongolia Tigran Poghosyan, the World Bank Group Executive Director for Asia and the Pacific Seong-Wook Kim, and other IMF officials, reported the Media and  Public Relations Department of the State Great Khural.

Statement by Batsetseg Batmunkh Minister of Foreign Affairs of Mongolia (on her social media platforms) www.mongolianbusinessdatabase.com

In view of certain inaccurate and misleading reports in foreign media concerning Mongolia’s recent social and political developments, I find it necessary—as a Member of Parliament of Mongolia, a government official who has long served in the field of foreign relations, and as a citizen deeply committed to the well-being of my country—to express my position.
On 11 June 2025, The Times published an article that grossly misrepresented Mongolia’s internal political situation. The piece appears to have been deliberately crafted, perhaps even commissioned, to spread fear through unfounded allegations and distorted facts. Its content demonstrates a clear disregard for Mongolia’s democratic achievements and seems designed to mislead international audiences in pursuit of undisclosed and self-serving objectives. The article’s baseless attempt to link Mongolia’s domestic affairs to its relations with neighboring countries is both irresponsible and harmful.
While The Times repeatedly cites so-called “government sources,” it is regrettable that the publication failed to present a balanced account, neglecting to reflect the broader context and disregarding other credible sources. There is reason to believe that these alleged sources may, in fact, be individuals who have lost political power and are now intent on deflecting attention from their past transgressions at any cost. That they would compromise Mongolia’s reputation on the international stage to protect narrow personal interests amounts to nothing less than a betrayal of the nation.
The recent events in Mongolia are a direct expression of the public’s legitimate aspirations for justice. The people of Mongolia, as free citizens of a democratic state, have exercised their rights peacefully, without external interference, and have clearly articulated their demands—showcasing the strength and resilience of our democracy. This has been duly noted by international journalists and independent observers.
As the supreme legislative authority representing the will of the people, the State Great Khural continues to function independently, in strict adherence to democratic principles and the rule of law. Within this framework, the new Prime Minister was appointed in full compliance with our laws and constitutional procedures. Allegations that these developments reflect an attempt to weaken Parliament or establish one-man rule were categorically and unequivocally refuted by the President of Mongolia in his remarks before Parliament.
It is telling that such unfounded claims have appeared solely in The Times, whereas other respected international media outlets have reported on Mongolia’s situation with fairness, accuracy, and balance. The people of Mongolia are discerning and well-informed. They engage critically with information, weighing it against the realities they witness firsthand. Accordingly, the public has seen through these falsehoods and has spoken out forcefully in defense of our democratic values, while rightly demanding transparency regarding the origins and motives behind such disinformation.
Since embracing democracy in 1990, Mongolia has built a state founded on the rule of law, civil liberties, multi-party governance, and freedom of the press. While it is natural for debate and differences of opinion to arise on matters such as economic policy or development strategy, on issues that concern our sovereignty, national security, and foreign policy, the Mongolian people and political institutions have always stood united. Our independent, multi-pillared, and peace-oriented foreign policy, established over three decades ago, has safeguarded our nation from external threats and undue influence.
In this context, any attempt to exploit foreign factors for narrow political gain within our domestic discourse is deeply irresponsible. Such actions risk undermining our country’s hard-earned international reputation, jeopardizing friendly relations with neighboring states, and ultimately threatening Mongolia’s sovereignty and national security.

Mongolia issues e-visas to 11,484 foreigners in first 5 months www.xinhuanet.com

A total of 11,484 foreigners were granted Mongolian e-visas in the first five months of 2025, an increase of 2.8 times year on year, local media reported on Monday, citing Mongolia's Immigration Agency.
During the period, the country's immigration agency issued 12,268 residence permits, and extended 14,430 residence permits. The residence permit issuance increased 76.3 percent.
Currently, Mongolia's economy relies heavily on export of mineral resources. Tourism is considered one of priority areas for diversifying the economy.
The government has decided to continue the "Years to Visit Mongolia" tourism program until 2028.
Mongolia launched e-visa system on Oct. 1, 2021. According to the Mongolian Tourism Organization, Mongolia has attracted a total of 226,364 foreign tourists since the beginning of 2025.

Current Regulations On The Renewable Energy Law Of Mongolia And Investment Opportunities www.mondaq.com

Mongolia's total renewable energy potential is 2600 gigawatts (GW), over 1000 times larger than the 1.6 GW installed capacity of Mongolia's electricity system1 . In the decades ahead, this potential could be harnessed through the vast solar and wind resources of Mongolia's Gobi Desert. With the effective development of energy transmission infrastructure, these resources could not only meet domestic energy consumption but also fulfill the energy demands of the Northeastern Asian region. Despite its vast renewable energy potential, Mongolia currently depends on coal-fired thermal power plants for about 90 percent of its electricity production. Coal is also the primary source of heating. As a result, the energy sector is the major contributor to significant greenhouse gas emissions and severe air pollution in the country. The amount of electricity produced in Mongolia in 2023 was about 8528 million kWh, an increase of 3.3% or 349.7 million kWh over the year before. The majority of electricity produced, 90.9%, came from combined heat and power plants; the remaining 8.5% came from solar and wind power, 0.6% from hydropower sources, and 0.01% from diesel generators. In addition, the amount of power imported during the reporting period was 2447.6 million kWh, which represents a 13.2% increase over the previous year by 286.3 million kWh.2

Therefore, Mongolia is taking concrete actions to increase development and investment in its renewable energy sector. In particular, Mongolia amended the Renewable Energy Law in 2008, 2011, 2012, 2015, 2019, and 2022, adding key provisions to support renewable energy projects. These amendments include the introduction of feed-in tariffs, a competitive auction system for renewable energy projects, project implementation guarantee and other supportive measures.
Mongolia's climate commitments under International Agreements
Mongolia has shown a strong commitment to supporting the ultimate goal of the United Nations Framework Convention on Climate Change (UNFCCC)—limiting global warming to well below 2°C, and pursuing efforts to limit it to 1.5°C —through the following actions:

In September 2015, Mongolia adopted its first Nationally Determined Contribution (NDC) to the UNFCCC, committing to reduce greenhouse gas emissions by 14% by 2030. In 2019, Mongolia updated its NDC target to 22.7% by 2030. This target includes reducing carbon emissions from the energy production and supply sector by 8.34 million CO2-equivalent (CO2-eq) tonnes and reducing carbon emissions from renewable energy by 2.97 million tonnes CO2-eq3.
To achieve this international commitment, Mongolia is actively working to increase the share of renewable energy in its total installed energy capacity, including wind, solar, and hydropower. It has developed and adopted key state policy documents, such as "Vision-2050" and the "2021 New Recovery Policy." Specifically, Vision-2050, the country's long-term development strategy approved by Parliament in 2020, reflected the government's target to increase the installed renewable energy capacity to 30 percent by 2030.
BY Bolormaa Volodya
Enkh-Uchral Khurelbaatar
See the full article  https://www.mondaq.com/.../current-regulations-on-the...

IMF completes preliminary assessment of fiscal outlook www.ubpost.mn

Member of the Parliament and Chairman of the Standing Committee on Budget Ts.Davaasuren held a meeting with a delegation led by Tahsin Saadi Sedik, Head of the Working Group on Article 4 of the International Monetary Fund (IMF), to discuss Mongolia’s current economic and fiscal situation.
At the outset of the meeting, Chairman Ts.Davaasuren acknowledged the long-standing and productive partnership between Mongolia and the IMF. He provided an overview of the nation's current budget and financial conditions, noting that the newly formed 126-member parliament is prioritizing fiscal discipline. As part of this effort, the parliament aims to maintain the 2025 state budget at the same level as 2024, thereby halting the trend of excessive budget expansion in recent years.
However, Ts.Davaasuren also addressed growing concerns regarding potential shortfalls in budget revenue caused by the declining price of coking coal, Mongolia’s primary export commodity. He expressed support for the newly appointed prime minister’s decision to propose a budget amendment focused on austerity and stricter fiscal policy measures in response to this risk.
To better understand the causes and impacts of recent rapid increases in public spending, the Standing Committee on Budget has established a dedicated working group to investigate and analyze these developments.
Tahsin Saadi Sedik, representing the IMF, thanked Chairman Ts.Davaasuren for meeting with the delegation despite his demanding schedule. He confirmed that the IMF had completed its preliminary assessment of Mongolia’s economic landscape under Article 4 and would soon present its findings and recommendations. Sedik reaffirmed the IMF’s continued commitment to supporting Mongolia through technical cooperation and policy guidance moving forward.

Mongolia to Cooperate with the United Kingdom in the Field of Mineral Resources www.montsame.mn

State Secretary of the Ministry of Industry and Mineral Resources of Mongolia Javkhlanbaatar Sereeter and Ambassador of the United Kingdom of Great Britain and Northern Ireland to Mongolia Fiona Blyth signed a Strategic Roadmap to enhance Mongolia-UK cooperation on critical minerals.
The two sides will cooperate in geological research and utilization of modern advanced technologies for regional geophysical, geochemical, and geological mapping. Moreover, efforts will be made to strengthen bilateral cooperation, introduce leading international practices, and organize training sessions and seminars in the field of mineral resources.