Newsletters


Mongolian protests, courtesy New York Times

Protests Close Out Mongolia 2018
January 11, 2019 by Jacob Blacklock

Click here to view the original Newsletter! The biggest story in Mongolia over recent months has been protests in Ulaanbaatar over perceptions of widespread elite corruption. Reuters reports tens of thousands of Mongolians took to the streets in late December 2018 protesting after new revelations. Both of the two
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IFC Plan to Increase Foreign Investment in Mongolia
November 30, 2018 by Jacob Blacklock

Click here to view the original newsletter! The Mongolian National Development Agency met with the International Finance Corporation (IFC) this week in consultations regarding foreign direct investment in Mongolia. The IFC released a report earlier this year focusing on foreign direct investment in Mongolia. Part of the impetus of the report is to assist Mongolia in developing a new investment policy,
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Mongolia To Enter Visa Free Travel Agreement with Chile
October 26, 2018 by Jacob Blacklock

Click here to view the original Newsletter! The Cabinet of the government of Mongolia convened a regular meeting this week. During the meeting the Cabinet discussed steps for ratification and implementation of new legal cooperation programs with the Republic of Belarus. The new agreements include mutual legal assistance in connection with civil cases, including mutual recognition of judgments.
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Bank of Mongolia Proposes New Trade Agency
October 19, 2018 by Jacob Blacklock

Click here to view the original newsletter! The Bank of Mongolia has made a new proposal for Mongolia to use the Mongolian Tugrug (MNT) in direct trading with neighbors China and Russia. Current standard practice is to use USD in trade with neighbors. The call comes as the MNT has weakened 5.5% against the USD but has gained in value when
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$5 Billion in Mongolian Mining Projects Pending
September 7, 2018 by Jacob Blacklock

Click here to view the original Newsletter! This week is the 16th Discover Mongolia conference, jointly organized by the Government of Mongolia, the Ministry of Mining and Heavy Industry, the Mongolian National Mining Association and the Business Council of Mongolia. Discover Mongolia is an international forum for mining industry investors and aims to promote a pro-business mining policy environment in
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Mongolia-Russia Business Ties Strong
August 31, 2018 by Jacob Blacklock

Click here to view the original newsletter! News Reports this week demonstrate progress in growth of Russia-Mongolia trade, one year after opening of the Russian Trade Representation Office in Mongolia. According to numbers provided, trade between Russia and Mongolia increased by over 40% over 2017. A large amount of this increase appears
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Mongolia Hosts China Foreign Minister
August 24, 2018 by Jacob Blacklock

Click here to view the original newsletter! The big news in Mongolia this week is the visit by Chinese Foreign Minister Wang Yi. Mr. Yi was in the country to discuss matters of economic ties between the countries. During the visit Mr. Yi paid a courtesy visit to Mongolian President Battulga, where they discussed matters of bilateral cooperation. President Battulga
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Mongolian Meat Industry Has Room to Grow
August 3, 2018 by Jacob Blacklock

The meat industry, particularly exports, is one of the most promising avenues for Mongolia to diversify its economy away from overreliance on extractive industries such as mining. Mongolia now exports at least 29,300 tonnes of meat annually, however this number is relatively now compared to the national livestock herd of over 66 million animals. Mongolia’s large ratio of livestock to
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Tavan Tolgoi Coal Mine Due For Expected Upgrade
July 20, 2018 by Jacob Blacklock

Click here to view the original newsletter! Estimates of coal reserves at the Tavan Tolgoi are due to be reexamined. The deposit was estimated in 2011 to hold 7.4 billion tons of coal, worth an estimated $ 5.7 billion USD. Now due to improvements in geological scanning and extraction technologies, the amount of reserves is expected to be much higher. The
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Mongolia to Reform Law on Currency Settlement
July 6, 2018 by Jacob Blacklock

Click here to view the original newsletter! Bank of Mongolia is preparing to submit proposed amendments to the Law on Currency Settlements to Parliament. The amendments aim to make the currency market more transparent and closer to internationals standards. A discussion on the draft amendments was held by the Bank of Mongolia today. This would be the 20th amendment to
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