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IMF in Mongolia for the Fifth Review of the Country’s Performance as Part of the Bailout Package

IMF in Mongolia for the Fifth Review of the Country’s Performance as Part of the Bailout Package

[ULAANBAATAR, Mongolia] The International Monetary Fund (IMF) Staff Team visited Ulaanbaatar to conduct the fifth review of Mongolia’s performance under a program supported by a $434 million three- year Extended Fund Facility (EFF). It is part of a quarterly review process designed to ensure Mongolia’s reforms remain on track. The delegation met Mr. Erdembileg Ochirkhuu, First Deputy […]

The Bridge between Mongolia and the World; the Empathy Schools

The Bridge between Mongolia and the World; the Empathy Schools

By: Mehmet Elci For many of different walks in life, those around the world, and for different systems and organizations, one of the most important topics discussed is quite often, education. This has been the case with Mongolia and Turkey since days of old. Throughout history, the two have lived in close proximity to one […]

N. Korea sounding out labor export to Mongolia

N. Korea sounding out labor export to Mongolia

North Korea is seeking ways to export its workers to Mongolia as the central Asian country is recruiting foreign laborers to work at its mines, a U.S. broadcaster, monitored here, said Wednesday. “(As far as I know), the North Korean authorities recently set up ways to make use of its workforce, and keeps trying to […]

Mongolia: Japan’s Rubbish Heap

Mongolia: Japan’s Rubbish Heap

ELISE HONNINGDALSNES – The UB POST Mongolia is embracing mass-market grey imports from Japan. This easy solution to get Mongolians cheap wheels will soon result in Mongolia being one of the biggest landfills for cars and dangerous waste in Asia. Mongolians have fallen in love with Japan’s Toyota Prius, and are importing them to the […]

Invest Mongolia Calls for Regaining Investor Trust

Invest Mongolia Calls for Regaining Investor Trust

During this year’s Invest Mongolia, which addressed the interests of investors in the state policies of the new Cabinet, foreign investors advised the Mongolian government to take measures to regain their trust in order to improve foreign investment in the country. From September 5 to 6, the forum’s attendees discussed and exchanged views on the […]

Finding home in the ger district

Finding home in the ger district

Alexander McNab – The UB Post Ulaanbaatar is a city known as a cemetery of nomadism, a place where wandering people have gone to settle down inside four cement walls in towering apartment blocks, but for Froit van der Harst, the entrance into U.B. was only a continuation of over a decade of placeless-ness. After […]

Mongolia and India consider launching direct flights

Mongolia and India consider launching direct flights

Indian Ambassador to Mongolia Suresh Babu asked Prime Minister J.Erdenebat to study possibilities for launching an Ulaanbaatar-Delhi direct flight to improve business relations and cooperation between the two countries, during a meeting this week, The UB Post reports. During the meeting, the Prime Minister expressed hope that friendly and close ties between Mongolia and India […]

Chinese TV dramas in Mongolia: Can entertainment become political?

Chinese TV dramas in Mongolia: Can entertainment become political?

John Holland – The UB Post The first two of twenty-five Chinese television dramas have begun to be aired in Mongolia. Yet, behind the polite rhetoric by governmental officials on the virtues of cultural exchange, there is concern among ordinary Mongolians about the future influence that these shows could have if they become too popular. […]

Premier confirms Mongolia’s willingness to expand cooperation with Turkey

Premier confirms Mongolia’s willingness to expand cooperation with Turkey

Prime Minister J.Erdenenbat received Ambassador Extraordinary and Plenipotentiary from the Republic of Turkey to Mongolia Murat Karagoz on August 11, as part of a series of meetings with foreign ambassadors to Mongolia held after taking his office, The UB Post reports. Highlighting that the historic relationship between Mongolia and Turkey dates back to ancient times, […]

Is Mongolia really facing an economic recession?

Is Mongolia really facing an economic recession?

The UB Post – Khaliun  Chimeddorj Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic, budgetary, and financial conditions, after which, many people started asking if the country’s economic situation was truly in critical condition. MONGOLIA’S ECONOMIC GROWTH The Minister said that the four main indicators […]

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