World Bank Grants Financing to Promote Mongolia Economic Stability
December 8, 2017 by admin

View the original Newsletter here! In good news for Mongolia, the World Bank has recently finalized $120 million in aid designed to strengthen social safety nets, improve economic competitiveness, and promote better management of debt. The financing program is intended to work together with policies which have been implemented by the Mongolian government to improve the broader economy. Mongolia has seen
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Will Mongolia Change its Politics?
November 17, 2017 by admin

View the original newsletter here! A new editorial from the East Asia Forum argues that Mongolia is stuck between opportunity and crisis. The article starts out by pointing the high level of economic and political uncertainly facing Mongolia over the past two years, and argues that factionalism rather than solutions dominates the parliament. Corruption and an unreliable civil service
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As 2017 Comes to a Close, Mongolia Reflects on a Positive Year
November 10, 2017 by admin

Click here to read the original Newsletter! This week, the Mongolian parliament finally passed the 2017 budget. The vote was notable as it required the parliament to overrule a veto issued by the President. 85% of MPs voted in favor of the new budget.
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Mongolia Grants Free Money to Government Employees
October 27, 2017 by admin

Click here to view the original newsletter! Fresh off being approved as Finance Minister by Parliament, Ch.Khurelbaatar has announced a one time grant of 300,000 (USD ~$122) for 192,000 government employees. Interestingly, Finance Minister Ch.Khurelbaatar and the former Finance Minister B.Choijilsuren, stood together to response to inquiries in connection with the move at a recent meeting of the parliamentary budget committee.
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Mongolia Parliament Approves Appointment of Finance Minister Over Objection of President
October 20, 2017 by admin

Click here for the original newsletter! In an interesting development in Mongolian politics, President Kh.Battulga recently approved appointment of the new Cabinet of Prime Minister U.Khurelsukh. All candidates were approved, save one. In accepting the new Cabinet, the President make clear some reservations. Pointedly, the President expressed “regret” that the new Cabinet appointees are all also members of Parliament. The President
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New Mongolian Prime Minister Aims for Economic Growth
October 13, 2017 by admin

Resolving the issues around the recent removal of the Prime Minister, a new Prime Minister was appointed by Parliament as expected. U.Khurelsukh, appointed the 30th Prime Minister of Mongolia. A key question of Members of Parliament before confirming U.Khurelsukh’s appointment is the plan for creating a better economic environment for small and medium businesses. The new Prime Minister has pledged
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Mongolia Government Debates Amendments to Labor Law
September 22, 2017 by admin

In a recent meeting, the Mongolian government endorsed a set of draft amendments to the Labor Law. The planned amendments would clarify an employer’s responsibilities to employees, improve payroll regulation and systems, decrease time required to resolve labor disputes in court, and establish regulations for mining workers who often work long
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President Seeks Ties with Russia, MPP Confers on New Prime Minister
September 15, 2017 by admin

President Kh.Battulga visits Vladvostok this week to attend the third Eastern Economic Forum (EEF). This is seen by some an part of efforts to further regional integration, while at the same time reducing dependence on China. The President has spoken publicly about the dangers of potential dependency. The clear favoritism for Russia is seen as a departure from previous policies, which
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Prime Minister Voted Out, What Does it Mean for Mongolia?
September 8, 2017 by admin

The big news in Mongolia today is the vote by parliament on Thursday to remove the Prime Minister and Cabinet from office in connection with alleged “incompetence” and “corruption”. The vote is triggered by the government’s engagement of companies with connections to three members of the Cabinet.
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Political Manuvering in Mongolia Threatens IMF Review of Funding
September 1, 2017 by admin The Executive Board of the International Monetary Fund (IMF) on May 24, 2017 approved a three-year extended arrangement under Extended Fund Facility (EFF) for Mongolia to support the country’s economic reform program. Other financing partners, including the Asian Development Bank, the World Bank, Japan, and Korea, have also committed to provide budgetary and project support, and the People’s Bank of
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