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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China near to eliminating poverty www.chinadaily.com.cn

When Marko Djuric, vice-chairman of the Progressive Party of Serbia, visited Jiangxi provincial capital Nanchang last month, he was touched by the story of a local farmer who escaped poverty by growing navel oranges with the help of the local government.

The success story of 62-year-old Deng Daqing, a farmer in Longhu, a village in Ruijin's Huangbai township, shows that the governance of the Communist Party of China in poverty reduction is "responsible and efficient", Djuric said in an interview with China Daily.

Until 2013, Deng's family was one of the poorest in his rugged mountain village. With help from local authorities, Deng secured a bank loan and planted more than 800 orange trees. Three years later, he brought in 30,000 yuan ($4,286) from fruit sales, an amount far exceeding the national poverty threshold of 2,300 yuan a year.

By using an e-commerce platform, Deng's income has grown significantly as his business has expanded nationwide. Last year, Deng earned more than 280,000 yuan.

As a CPC member, Deng said he was unwilling to reap the benefits alone, so he offered to help his fellow villagers grow navel oranges. In 2016, he worked with the Party branch in the village to start an agricultural cooperative, which provides unified management, training, pest prevention, cheaper fertilizers and marketing for poverty-stricken families.

Deng said the per capita income of his village reached 13,000 yuan in 2017, and all 54 households that were impoverished were lifted out of poverty by growing and selling navel oranges.

Deng's story sends an "emotional" message that it's never too late for poverty-stricken people to become prosperous through hard work, Djuric said. Importantly, it also shows how the province's Party organization played a significant role in helping the village escape poverty.

Deng and his fellow villagers are only a few of the beneficiaries of the country's poverty alleviation efforts in recent years. From 2013 to 2018, the nation's impoverished population has been reduced by an average of more than 12 million annually, from 98.99 million at the end of 2012 to 16.6 million at the end of last year.

At the fourth plenary session of the 19th CPC Central Committee, in late October, the CPC reaffirmed to eradicate absolute poverty in rural areas by the end of next year. Meanwhile, it would set up a long-term mechanism to deal with relative poverty to meet people's ever-growing demand for a better life.

Resolute efforts must be made to win the critical battle of poverty reduction, build on the outcomes achieved in relieving extreme poverty and establish a mechanism to address relative poverty, according to a document adopted by the key Party meeting

The document is seen as a guideline for the CPC to lead the nation to uphold and improve the system of socialism with Chinese characteristics and advance the modernization of the country's system and capacity for governance, and also a road map to turn institutional strength into even more effective governance.

Djuric said that when he read President Xi Jinping's book The Governance of China this year, he was impressed by the achievements of the system of socialism with Chinese characteristics, particularly in poverty alleviation, with more than 700 million people having been lifted out of extreme poverty in the past four decades.

He attributed the country's remarkable achievements in poverty reduction to its effective system and targeted measures as well as the CPC's efficient governance.

"China's governance system has proved to be very efficient in promoting the country's progress and development. ... There is no doubt that Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era has yielded concrete results in Jiangxi," Djuric said.

He added that the Chinese model can be implemented in many places in the world. "It requires hard work, dedication, good governance and responsible governance."

Xi, also general secretary of the CPC Central Committee, placed poverty reduction at the top of the list of major tasks as the Party vowed to build a moderately prosperous society in 2020. This means that by the end of 2020, the population of rural poor should be guaranteed food, clothing and safe housing, compulsory education and basic medical care.

In Xi's view, if rural China — particularly people in impoverished areas — is left behind, a moderately prosperous society will not emerge.

Because the earlier one-size-fits-all poverty relief policy no longer works when applied to the most impoverished families, Xi proposed the idea of targeted poverty alleviation for the first time in November 2013, when he made an inspection tour of Shibadong village in Hunan province. He said targeted relief and customized policies are needed to help different types of people and households.

When carrying out poverty-relief work, the central authorities coordinate the entire program and provinces take major responsibility, while cities and counties ensure policies are implemented.

Overall responsibility for leading the work lies with the Party and government chiefs, according to the action plan for poverty alleviation jointly released by the general office of the CPC Central Committee and the State Council in 2016.

Targeted measures designed to help residents of rural areas shake off poverty have been pushed forward. They include developing industries, improving education and medical services, building adequate infrastructure and facilities, helping migrant workers find jobs and relocating people living in poor conditions and fragile environments to more prosperous areas.

More than 770,000 officials from the government, universities, State-owned enterprises and civil associations work in rural areas nationwide.

Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development, said at a news conference in September that 95 percent of the impoverished population is expected to be lifted out of poverty in the end of this year.

Through continued efforts in 2020, he added, the historic goal of rooting out absolute poverty across China will be achieved and the building of a moderately prosperous society in all respects will be attained.

The success in targeted poverty alleviation in Jiangxi reflects a miracle China has created in securing large-scale poverty reduction while achieving rapid economic growth, said Liu Qi, secretary of the CPC Jiangxi Provincial Committee. It fully demonstrates the political advantage of CPC leadership as well as the strength of the system of socialism with Chinese characteristics, Liu said.

The fourth plenary session also laid out a map for turning institutional strength into even more effective governance, covering key fields like Party leadership, rule of law, the economy and the environment.

The session is of great significance, said Khamphanh Phommathath of Laos, a member of the Political Bureau of the Lao People's Revolutionary Party Central Committee, adding that the CPC has been continuously working to improve its governance capacity and system as well as sticking to its commitment to seek happiness for the people.

Guided by the session, the CPC will achieve greater progress in governance in the future, he said.

Amirah Kaca Sumarto, vice-chair of the young leaders' sisterhood of Indonesia's Golkar Party, said that China has managed to formulate its own system that suits its history, culture and people, and it has proved to be effective. "China is a different kind of role model compared with Western countries."

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Mongolia to shut down all checkpoints on occasion of Independence Day www.akipress.com

All 12 border checkpoints for auto vehicles will be closed on December 29, Sunday for the Day of Restoration of National Freedom and Independence of Mongolia, Montsame reports.
In compliance with intergovernmental agreements established by Mongolia with its two neighbor countries, Russia and China, on border ports and their working regimes, border crossing points for auto vehicles will be closed during national holidays.

However, international railway and flights will proceed as scheduled timetable.

The 12 auto checkpoints of Mongolia that borders with China and Russia are Zamiin-Uud, Gashuunsukhait, Bulgan, Baitag, Khavirga, Bichigt, Shiveekhuren, Khangi, Burgastai, Dayan, Bayankhoshuu and Sumber.

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Russia 'successfully tests' its unplugged internet www.bbc.com

Russia has successfully tested a country-wide alternative to the global internet, its government has announced.

Details of what the test involved were vague but, according to the Ministry of Communications, ordinary users did not notice any changes.

The results will now be presented to President Putin.

Experts remain concerned about the trend for some countries to dismantle the internet.

"Sadly, the Russian direction of travel is just another step in the increasing breaking-up of the internet," said Prof Alan Woodward, a computer scientist at the University of Surrey.

"Increasingly, authoritarian countries which want to control what citizens see are looking at what Iran and China have already done.

"It means people will not have access to dialogue about what is going on in their own country, they will be kept within their own bubble."

The initiative involves restricting the points at which Russia's version of the net connects to its global counterpart, giving the government more control over what its citizens can access.

"That would effectively get ISPs [internet service providers] and telcos to configure the internet within their borders as a gigantic intranet, just like a large corporation does," explained Prof Woodward.

So how would the government establish what some have dubbed a "sovereign Runet"?

Countries receive foreign web services via undersea cables or "nodes" - connection points at which data is transmitted to and from other countries' communication networks. These would need to be blocked or at least regulated.

This would require the co-operation of domestic ISPs and would be much easier to achieve if there were just a handful of state-owned firms involved. The more networks and connections a country has, the more difficult it is to control access.

Then Russia would need to create an alternative system.

In Iran, the National Information Network allows access to web services while policing all content on the network and limiting external information. It is run by the state-owned Telecommunication Company of Iran.

One of the benefits of effectively turning all internet access into a government-controlled walled garden, is that virtual private networks (VPNs), often used to circumvent blocks, would not work.

Another example of this is the so-called Great Firewall of China. It blocks access to many foreign internet services, which in turn has helped several domestic tech giants establish themselves.

Russia already tech champions of its own, such as Yandex and Mail.Ru, but other local firms might also benefit.

The country plans to create its own Wikipedia and politicians have passed a bill that bans the sale of smartphones that do not have Russian software pre-installed.

Technical challenges
One expert warned that the policy could help the state repress free speech, but added that it was not a foregone conclusion that it would succeed.

"The Russian government has run into technical challenges in the past when trying to increase online control, such as its largely unsuccessful efforts to block Russians from accessing encrypted messaging app Telegram," Justin Sherman, a cyber-security policy fellow at the New America think tank, told the BBC.

"Without more information about this test though, it's hard to assess exactly how far Russia has progressed in the path towards an isolatable domestic internet.

"And on the business front, it remains to be seen just how much domestic and foreign pushback Russia will get."

Local news agencies, including Pravda, reported the deputy head of the Ministry of Communications had said that the tests of the scheme had gone as planned.

"The results of the exercises showed that, in general, both the authorities and telecoms operators are ready to effectively respond to emerging risks and threats, to ensure the stable functioning of both the internet and unified telecommunication network in the Russian Federation," said Alexey Sokolov.

The state-owned Tass news agency reported the tests had assessed the vulnerability of internet-of-things devices, and also involved an exercise to test Runet's ability to stand up to "external negative influences".

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A night at the library: helping students revise for exams www.news.mn

The library, located on the ground floor of the National University of Mongolia has begun running 24-hours for students preparing for their half-year exams. The all-night service began on Monday (23 December) for. At 10.00 p.m. the library was full of students wanting to revise for exams along with their friends all night long. Only NUM students are able to spend the night at library, however, it is open to the public in daytime.

The night-library can take 100 students and has comfortable desks and chairs as well as internet-access. Those students wanting to use the night-library must register before 10.00 p.m.; that is when the doors are closed until 07.00 a.m. next morning.

The newly constructed 6-storey library of the National University of Mongolia has a modern interior providing a comfortable atmosphere for students to study. Reading rooms are located on the 1- 4th floors, while lecture halls and laboratories are on the 5-6th floors. The library has seats for 700 students, but they are also provided with a convenient extra space for reading and studying.

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Munkhbayar: Mongolia’s economic growth is likely to slow amid global tendency www.zgm.mn

Bank of Mongolia (BoM) recently made its monetary policy decision, which is the last in 2019, and kept the policy rate unchanged at 11 percent. Munkhbayar Tsedevsuren, member of the BoM’s Monetary Policy Committee gave an interview to discuss the recent announcement of the central bank and economic outlook in Mongolia.

-Monetary Policy Committee of the central bank maintained the policy rate for three consecutive meetings this year. Especially, the last decision has been made amid suggestions to decrease the rate slightly. What was the main reason to keep policy rate unchanged again?

-Well, inflation is likely to be stabilized around the central bank’s target rate, economic growth may slow, and the
uncertainty in the economic situation may proceed. These are the main three reasons. Growth of the bigger economies is expected to decrease in the following year, which will affect Mongolia directly. Therefore, the burden on the foreign trade balance and the exchange rate may increase as 2020 is the election year. BoM’s reform in the economy has not been completed yet, so the interest rate con not be decreased before we see any results. The policy of economic restructuring or the allocation of inter-sectoral capital has not been implemented completely. Considering all the situations mentioned above, the committee decided to keep the policy rate, rejecting the suggestion to decrease it by 0.5 percentage points.

-What measures should be taken to accelerate economic growth?

-We need to increase our export productivity and supply. To do this, we should speed up the completion of railway projects, such as the Tavantolgoi-Gashuunsuhait, and the customs modernization projects. As a result, the incoming currency in Mongolia may increase, enabling the possibility to stimulate economic growth through monetary policy from the central bank.

-Is it possible to prevent external economic risks by increasing foreign exchange reserves when government bond repayments are due in 2020?

-Foreign currency reserves are intended to finance short-term debts and deficits. In other words, it is important for balancing the short-term foreign trade deficit and in case of sharp fluctuations in exchange rates.

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G.Amartuvshin: We are focusing on loan portfolio quality www.montsame.mn

The Development Bank of Mongolia (DBM) placed emphasis on improving its corporate governance and profitability as well as the quality of loan portfolio this year, said DBM Chief Executive Officer H.Amartuvshin at a briefing held on December 26 at Kempinski Hotel.

More specifically, a special asset department has been set up at the bank, getting debts of over four billion repaid over the past five months. Following the investigations of the Government and National Audit Office, to eliminate duplication of functions, the number of the bank’s central administrative units was decreased by 18 percent, saving MNT3.1 billion from operational cost, in addition to salary budget cut of MNT 460 million. It was underscored that the bank’s salary budget of next year will be less than the previous year.

The bank is currently taking actions in phases to upskill its personnel, collaborate with international banks and financial institutions and introduce international quality management and information security standards. These are the actions related to structural changes of the bank.

The bank is also taking policy actions to be independent as much as possible from politics and focusing on its profitability and loan portfolio quality.

As of November, 2019, the bank’s overall assets amounted to MNT 4.2 trillion. The bank is now dealing with problem loans of 22 borrowers totaling MNT 704 billion and collaborating with the prosecutor’s office on eight borrowers’ loans of MNT 662 billion. In addition, 14 borrowers’ non-performing loans of MNT 45.9 billion have been brought to court. Terms and conditions of loans worth MNT 353 billion changed.

The Development bank is allowing business entities with active operations some additional time to repay their loans without requiring any legal actions against them.

Regarding construction and industrial investment, a total of MNT 620.1 billion of loans were issued for programs and projects of this area in the first 11 months of this year, which include,

Processing industry – MNT 314.7 billion,

Infrastructure of electricity, gas and ventilation - MNT 107.2 billion

Mining and extractive industry MNT 83.8 billion, and

Other industry MNT 113.7 billion.

The DBM CEO highlighted that the DBM provides funding for manufacturing and industry that are export and long-term-growth-oriented and also deemed as significant for economic diversification and strategically important for the country’s economy.

In particular, Development Bank of Mongolia has invested a total of MNT 277.3 billion for 34 cashmere factories in the last two years to support the ‘Cashmere’ program, revised by the government in 2008. “DBM has been carrying on with the ‘Cashmere’ program this year and next loans within the program will be issued for companies in a timely manner soon after the Mongolian Lunar New Year holiday ” Mr. H.Amartuvshin said.

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Erdenes Silver Resource LLC to refine 750 tons of silver within five years. www.montsame.mn

Ulaanbaatar/MONTSAME/. On December 25, ‘Erdenes Mongol’ LLC and ‘Erdenes Silver Resource’ LLC established an agreement with the Bank of Mongolia to cooperate in selling and purchasing precious metals and handed the first sample of refined silver, extracted from Salkhit silver deposit, to the State Fund of Treasury.

Within the five-year agreement, ‘Erdenes Silver Resource’ LLC is to supply fine silver bars with not less than 850-980 percent purity and receive the amount of payment as stated in the agreement. Speaker of Parliament G.Zandanshatar and Governor of the Bank of Mongolia B.Lkhagvasuren witnessed the signing of the agreement by CEO of ‘Erdenes Mongol’ LLC P.Gankhuu, CEO of ‘Erdenes Silver Resource’ LLC T.Munkhbayar and head of Reserve Management and Financial Markets Department of the BoM A.Enkhjin.

During the event, Speaker G.Zandanshatar remarked, “We believe that operations of Salkhit silver deposit will help to increase Mongolia’s foreign currency reserve. The signing of a five-year cooperation agreement between Erdenes Mongol LLC and the Bank of Mongolia lays a foundation to establish a Sovereign Wealth Fund. Article 6.1st of the Constitution of Mongolia reads, “The land, its subsoil, forests, water, fauna, and flora and other natural resources in Mongolia shall belong exclusively to the people and be under state protection.” The income from the deposit will be accumulated at the Sovereign Wealth Fund.”

CEO of Erdenes Silver Resource LLC T.Munkhbayar said, “According to the company’s business plan, it aims to extract and refine 750 tons of silver in five years and sell to the Bank of Mongolia. We plan to refine 25-30 tons of silver in the first year. We could refine 500 kg of silver in a very short period. Today, we are presenting a sample of the fine silver to the State Fund of Treasury, the Bank of Mongolia. From next June, our plant will start operating with its full capacity.”

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20 thousand tons of meat to be reserved www.montsame.mn

Ulaanbaatar /MONTSAME/. At its regular meeting held on December 25, Cabinet decided to spend a total of MNT11 billion for 20-thousand-ton reserve-meat for consumption of Ulaanbaatar citizens in this winter and next spring.

It has been decided to determine the loan interest rate and term of loans to be issued by commercial banks for reserve meat preparation in accordance with the Mongol Bank policy rate, agreeing with the companies.

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World Bank approves loan for boosting Mongolia's livestock production www.xinhuanet.com

ULAN BATOR, Dec. 25 (Xinhua) -- The World Bank has approved 30 million U.S. dollars in loan for a five-year project to help Mongolia boost production in the livestock sector, the bank's country office in Mongolia said Wednesday.

The office told Xinhua the loan approved in mid-December will be used to improve livestock health and increase the value of meat, dairy and other livestock products by commercializing targeted value chains at select locations.

"Improving livestock health and livestock productivity by commercializing the value chain will enable greater economic diversification and contribute to broad-based employment and income growth in rural areas and at the same time improve food security and food safety," said Andrei Mikhnev, World Bank country manager for Mongolia.

Mongolia, a landlocked East Asian country, has a vast area of pasture lands. Official data show there are more than 230,000 herder households with livestock animals nationwide, and the number of livestock animals surpassed 66.46 million by the end of 2018.

Despite a great potential for development, Mongolia's livestock sector is faced with major challenges including low productivity, animal health issues, and vulnerability to climate change and extreme weathers, according to the World Bank.

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Hiroyuki Kobayashi returns as Japanese Ambassador to Mongolia www.akipress.com

AKIPRESS.COM - H.E. Hiroyuki Kobayashi, Japanese Ambassador to Mongolia on December 25 presented his credentials to President Khaltmaagiin Battulga, the news.mn reports.

This will be the third time that Ambassador Kobayashi has been appointed as Tokyo’s top envoy to Mongolia. The ambassador’s long experience will be beneficial for expanding economic cooperation and the strategic partnership between Japan and Mongolia, noted President Kh.Battulga.

One of the top projects on the agenda is a railway project connecting the Tavan Tolgoi mine and the Gashuun Sukhait Border Crossing. Tokyo has been paying great interest in the project; it is likely to become an important field of joint cooperation between Mongolia and Japan.

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