1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolia exports 1.85 mln barrels of crude oil in Q1 www.xinhuanet.com

ULAN BATOR, April 17 (Xinhua) -- Mongolia exported 1.85 million barrels or 251,000 tons of crude oil in the first quarter of this year, the country's Ministry of Mining and Heavy Industry said Tuesday.

Mongolia is planning to extract 8.1 million barrels or 1.1 million tons of crude oil this year, which would contribute 223.4 billion Mongolian Tugrik (93.31 million U.S. dollars) to the state budget.

At present, the country has implemented 14.1 percent of its export plan, the ministry said in a statement.

Currently, Mongolia exports crude oil to China and imports petroleum products from Russia.

Editor: Mu Xuequan

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S. Korea’s CU convenience stores to open in Mongolia www.m.pulsenews.co.kr

BGF Retail Co., operator of South Korea’s largest convenience store chain CU, said on Tuesday that it struck a master franchise deal with Mongolian retailer Central Express to advance into the East Asian country where the consumer market has been rapidly developing amid growing young population.

The latest deal is the second of its kind for BGF Retail after a contract with Iranian retail firm Entekhab Investment Development Group last year.

Under the master franchise deal, BGF Retail - the franchiser - will provide brand and overall system and knowhow to local franchisee Central Express that will be responsible for investment and operations.

Central Express is the retail arm of Premium Group, exclusive supplier for Mongolia’s largest mine and wind power project. The company, which opened its first convenience store in Mongolia in 2015, said that it signed the latest deal with BGF Retail in a move to secure leading position in the country’s convenience store market based on its systematized system and 30 years of operation knowhow.

Mongolia is considered a country with high growth potential for the convenience store market as young people under age 35 make up 65 percent of total population. The popularity of Korean culture including K-pop and drama has also been growing in the country with consumers gaining favorable impression on Korean brands.

Park Jae-koo, chief executive of BGF Retail, said that consumers in Mongolia have keen interest in Korea due to the influence of hallyu, or Korean wave, and the countries shares similar culture. The company will strive to become a global convenience store operator by advancing into emerging markets with high growth potential, he said.

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Moody's upgrades local currency deposit ratings of Golomt Bank and Trade and Development www.moodys.com

Hong Kong, April 16, 2018 -- Moody's Investors Service today upgraded the long-term local currency deposit ratings of Golomt Bank LLC and Trade and Development Bank of Mongolia LLC (TDBM) to B3 from Caa1.

Moody's has also upgraded each bank's baseline credit assessment (BCA) and adjusted BCA to b3 from caa1.

Moody's has also upgraded each bank's Counterparty Risk Assessment to B2(cr) from B3(cr).

Moody's has also newly assigned a local currency and foreign currency issuer rating of B3 to Golomt Bank.

For both banks, outlook on all ratings is stable.

Today's rating actions conclude the review for upgrade placed on the two banks on 19 January 2018.

A list of affected ratings can be found at the end of this press release.

RATINGS RATIONALE

The upgrade of Golomt Bank and TDBM's ratings reflect our view that their capitalization will remain at levels consistent with a BCA of b3 upon the completion of the Asset Quality Review (AQR).

According to the International Monetary Fund and the Bank of Mongolia, the AQR found a relatively modest capital shortfall in the banking system -- about 1.9% of GDP at the end of 2017 -- and a system-wide capital adequacy ratio of 13.7% at the end of 2017.

While bank-level information was not made public, Moody's believes the two banks' capitalization will remain sufficiently stable to merit the upgrade of their BCAs to b3 from caa1, given the better-than-expected AQR results, and Golomt Bank's reported CET1 ratio of 9.45% and TDBM's CET1 ratio of 14.02% at the end of 2017.

While we expect loan growth to remain strong in 2018, Moody's believes that the banks will have plans in place -- including any capital raisings, if necessary -- to ensure adequate capitalization is maintained by the end of December, according to the schedule laid out by the Bank of Mongolia.

We also believe that the banks will benefit from improving liquidity in Mongolia and the implementation of wide-ranging policy reforms targeted at improving economic fundamentals. For example, amendments to the Central Bank law, Banking law and deposit insurance law have been completed. Growth also remains strong in Mongolia, which will be supportive of bank asset quality. Mongolia reported real GDP growth of 5.1% in 2017.

WHAT COULD CHANGE THE RATINGS UP

The BCAs of Golomt Bank and Trade and Development Bank of Mongolia are at the same level as the Mongolian sovereign rating, and as such a positive rating action is unlikely in the absence of upward pressure on the sovereign rating.

WHAT COULD CHANGE THE RATINGS DOWN

For Golomt Bank and TDBM, factors that could result in a downgrade include (1) a downgrade of Mongolia's sovereign rating; or (2) a downgrade of the banks' BCAs. The banks' BCAs could be downgraded if: (1) asset quality deteriorates significantly, for example, with problem loans/gross loans exceeding 9.0% for a sustained period; (2) tangible common equity ratio falls below 8%; or (3) profitability deteriorates significantly, leading to annual net losses on a sustained basis.

The principal methodology used in these ratings was Banks published in September 2017. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

Golomt Bank LLC is headquartered in Ulaanbaatar. It reported total assets of MNT5,205.3 billion (USD 2,144.6 million) as of 31 December 2017. Trade and Development Bank of Mongolia LLC is headquartered in Ulaanbaatar. It reported total assets of MNT6,874.9 billion (USD 2,832.5 million) as of 31 December 2017.

List of affected ratings

Issuer: Golomt Bank LLC

- BCA and adjusted BCA upgraded to b3 from caa1

- Long-term Counterparty Risk Assessment upgraded to B2(cr) from B3(cr)

- Short-term Counterparty Risk Assessment of NP(cr) affirmed

- Local Currency Long-term Deposit Rating upgraded to B3 from Caa1; outlook changed to stable from ratings under review

- Foreign Currency Long-term Deposit Rating of Caa1 affirmed, outlook maintained at stable

- Local Currency and Foreign Currency issuer rating of B3 assigned; outlook stable

Issuer: Trade and Development Bank of Mongolia LLC

- Baseline Credit Assessment (BCA) and adjusted BCA upgraded to b3 from caa1

- Long-term Counterparty Risk Assessment upgraded to B2(cr) from B3(cr)

- Short-term Counterparty Risk Assessment affirmed at NP(cr)

- Local Currency Long-term Deposit Rating upgraded to B3 from Caa1, outlook changed to stable from ratings under review

- Foreign Currency Long-term Deposit Rating affirmed at Caa1, outlook maintained at stable

- LC/FC Short-term Deposit Rating, affirmed at NP

- LC/FC Long-term Issuer Rating upgraded to B3 from Caa1, outlook changed to stable from ratings under review

- LC/FC Short-term Issuer Rating, affirmed at NP

- Backed FC Senior Unsecured upgraded to B3 from Caa1, outlook changed to stable from ratings under review

- FC Senior Unsecured MTN upgraded to (P)B3 from (P)Caa1

REGULATORY DISCLOSURES

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

The first name below is the lead rating analyst for this Credit Rating and the last name below is the person primarily responsible for approving this Credit Rating.

Sophia Lee
VP - Senior Credit Officer
Financial Institutions Group
Moody's Investors Service Hong Kong Ltd.
24/F One Pacific Place
88 Queensway
Hong Kong
China (Hong Kong S.A.R.)
JOURNALISTS: 852 3758 1350

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Canadian Embassy and Centerra Gold Mongolia to sponsor Mongolian hockey players www.montsame.mn

Ulaanbaatar/MONTSAME/ On April 16, Rodney Chanin, General Manager of Centerra Gold, and Steve Basadur, Senior Trade Commissioner at the Embassy of Canada to Mongolia, received representatives of Mongolian hockey team that won a gold medal at Asian Challenge Cup-2018.

Congratulating on their gold medal achievement, Rodney Chanin and Steve Basadur informed that the team would be provided with hockey jersey and other required stuffs from Canada and that Centerra Gold Mongolia would pay transportation costs of the team.

Mongolia hockey team took part in the Asian Challenge Cup for its 9th year, winning three out of four matches. With a total score of nine, the team claimed the first place and received the golden cup and gold medal.

Previously, Mongolian hockey teams won four bronze medals from the competition and last year, the team grabbed a silver medal.

M.Unurzul

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China's first quarter growth beats expectations at 6.8% www.bbc.com

China's economy grew 6.8% between January to March according to official data, slightly beating forecasts for the period.

The growth rate compares expansion with the same three months in the previous year.

The latest GDP figures are also above Beijing's 2018 annual growth target of "around 6.5%".

The data shows resilience in the world's second largest economy, helped by strong consumer demand.

But concerns about China's economy - including rising debt levels - remain.

The government has been fighting to contain ballooning debt and a housing bubble without hurting growth.

Amy Zhuang, China economist at Nordea Bank in Singapore described the first quarter growth figures as "solid" but also said there are signs that the positive momentum is weakening, likely due to the cooling housing market.

The growth figures come amid concerns about China's outlook for exports which has been clouded by rising tensions with the United States, its largest trading partner.

Chinese growth data through 2018 will be closely watched for any impact of tariffs proposed by the US.

Many China watchers advise caution with China's official GDP numbers.

Julian Evans-Prtichard, senior China economist at Capital Economics said the official figures "need to be taken with a grain of salt as they have been implausibly stable in recent years".

"While we don't think China's economy is expanding as rapidly as the official figures claim, there is broader evidence to suggest that a recovery in industry did prevent growth from slipping too much last quarter."

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Mongolia launches communication app for disabled people www.xinhuanet.com

ULAN BATOR, April 16 (Xinhua) -- A Mongolian non-governmental organization (NGO) announced Monday that it launched a special-purpose mobile portal, "Bird 1.0," for communication of disabled people in Mongolia for the first time.

This app was created by Bird developers NGO, with the aim to facilitate communication of disabled people, support them, and provide inclusive education of children with disabilities.

The "Bird 1.0," available on both iOS and Android devices, allows users to post more than 230 words. In addition, the users can enrich the vocabulary and imagery of the app fitting their needs.

This app can be used by up to 30,000 people and it will be improved year after year by adding new words and images, developers said.

As of the first quarter of this year, there are over 120,000 people with disabilities, including people with Down sy

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Petro Matad announces an update on its planned 2018 Mongolia drilling programme www.steelguru.com

Petro Matad, the AIM quoted Mongolian oil explorer, announced an operational update for its planned 2018 exploration drilling programme:

Highlights
· Interpretation of high quality 3D Seismic data in the Tugrug basin ongoing
· High quality data has identified bright amplitude anomalies which are very encouraging for hydrocarbon prospectivity
· Falcon prospect shown to be smaller than initially anticipated and removed from the drilling programme whilst other more promising prospects identified in the Tugrug basin are analysed and high-graded
· 90 MMbo Snow Leopard prospect (Block V) to be spudded first, with well site civil works commencing in May 2018 and required permitting anticipated to be finalised by the end April 2018. Rig fully contracted and certified
· The 290 MMbo Wild Horse Prospect (Block IV) will be drilled following Snow Leopard, with permitting progressing as planned
· The tender process for a rig for Block XX drilling is near completion with drilling anticipated to commence in H2 2018

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North Korea increases diplomatic efforts with China, Russia, and Mongolia ahead of spring summits www.hani.co.kr

Pyongyang appears to be increasing its diplomatic efforts with friendly nations ahead of its summit with Seoul and Washington. Analysts see North Korea as attempting to firm up its own position and expand the playing field for dialogue by establishing even closer ties with friendly nations such as China, Russia, and Mongolia.
The Rodong Sinmun, the newspaper of the Workers’ Party of Korea, printed a front-page article and photograph on Apr. 15 on leader Kim Jong-un’s meeting the day before with Chinese Communist Party International Liaison Department director Song Tao, who was visiting North Korea with a group of Chinese artists. According to the piece, Kim “expressed satisfaction with the recent development of relations between the two parties and countries [North Korea and China], announcing plans to continue strengthening party relations with exchanges of high-level delegations between the two sides and actively promoting cooperation and associations among various areas and fields to actively carry on and develop the traditional friendly relations between North Korea and China to a new stage of development to meet new historical demands.”
The message was read as an expression of Pyongyang’s commitment to maintaining and developing relations with Beijing after their first steps toward recovery with a surprise China visit by Kim and North Korea-China summit last month.
In terms of the subject of Kim and Song’s meeting, the newspaper reported that “in-depth opinions were sincerely exchanged on the international situation and serious issues of common interest to the Workers’ Party and Chinese Communist Party.” The “serious issues of common interest” and “in-depth opinions on the international situation” reported by the newspaper are seen as very likely to include matters related to an inter-Korean summit scheduled for Apr. 27 and North Korea-US summit expected in May or early June.
“You get the sense that [North Korea] is trying to broaden the scope [of talks] because it feels overwhelmed negotiating one-on-one with the US at the upcoming summit,” said Institute for National Security Strategy senior research fellow Cho Sung-ryul.
“Because issues such as implementation and guarantees [on the outcome of agreements] become uncertain when it’s reaching agreements one-on-one with the US, it appears to be responding to the talks with Washington by bringing China into it and visiting Russia and countries and Europe to broaden the overall playing field,” Cho suggested.
Indeed, North Korean Foreign Minister Ri Yong-ho visited Russia on Apr. 9 and met with Russian counterpart Sergey Lavrov on Apr. 10 in Moscow. On Apr. 4, Foreign Ministry director general for European affairs Kim Son-gyong met with senior European Union (EU) officials in Brussels to exchange opinions on denuclearization of the Korean Peninsula and other issues. North Korea’s Korean Central News Agency (KCNA) reported on Apr. 14 that Supreme People’s Assembly Presidium president Kim Yong-nam had met and talked to a Mongolian People’s Party delegation visiting North Korea.

The second page of the Apr. 15 issue of the Rodong Shinmun
North Korean press reports also suggested efforts at “First Lady diplomacy,” with Kim’s wife Ri Sol-ju attending various external events. KCNA reported on Apr. 15 that Ri viewed a performance of the ballet “Giselle” the day before by Chinese dancers at Pyongyang’s Mansudae Art Theatre with officials from the Workers’ Party and North Korean government. It is seen as unusual for North Korean media to report separately on Ri’s attendance at a major event with party and government officials without Kim accompanying her.
“Ri Sol-ju is playing the role of First Lady in a normal state,” Cho Sung-ryul said, noting that Ri had “also had a separate conversation with Chinese President Xi Jinping’s wife Peng Liyuan during the previous North Korea-China summit.”
“It looks like she is involved in ‘First Lady diplomacy,’ meeting with the wives of other countries’ leaders and attending separate events,” he said.
By Noh Ji-won, staff reporter

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PM: Political decision will be made to improve Tavantolgoi deposit utilization www.montsame.mn

Ulaanbaatar/MONTSAME/ Prime Minister U.Khurelsukh and government members worked at Tavantolgoi coal mine in Umnugobi aimag and met authorities of ‘Erdenes Tavantolgoi’ JSC, ‘Energy Resource’ LLC and local-owned ‘Tavantolgoi’ Company.

During his working trip, the PM stated the Government would make a political decision on improving utilization of Tavantolgoi deposit very soon and make it considered at the parliament and discuss matters regarding TT railway, auto road and power plant at the Cabinet Meeting.

At the meeting, G.Battsengel, CEO of Energy Resource LLC, proposed to increase border checkpoints, through which coal could be transported. According to him, Energy Resource LLC is extracting in Ukhaa Khudag and Baruun Naran sections of Tavantolgoi deposit. Total production reserve is 509 million tons. The company built the first coal concentrating plant in Umnugobi aimag in 2011 and it is currently capable of concentrating 15 million tons of coal per year. So far, it has concentrated approximately 40 million tons of coal and presently exports its concentrated coal only. In addition, the company constructed and now operates 18MW Power Station.

“It needs to consider accurately if it is riight to have a sole export gateway in the country. Present slow circulation of coal transportation at border checkpoint triggers increased cost of the supply, selling a ton of coal at around USD60. Last year, a sales income rose by 4-fold, reaching USD476 million. The company exported 4.4 million tons of concentrated coal, but utilizes just half of its full industrial capacity. If trucks jam at Gashuunsukhait border checkpoint is resolved and coal transportation resumes running normal, the company is able to double its operation. There are ready buyers, even beyond the border,” said G.Battsengel.

Afterwards, a report on state-owned ‘Erdenes Tavantolgoi (ETT)’ JSC was introduced by its acting director B.Gankhuyag. He highlighted that the company earned MNT80.1 trillion thanks to its active and efficient operations, and now has no external and internal debts. By doing so, the ETT has come into a start of the 1st stage to develop the deposit and implement a strategically important project. Preliminarily, it is possible to raise USD1 billion from investors in the international markets and/or within the project. Thanks to its accomplishments in 2017, a value of the deposit can be reached USD8 billion.

To start the 1st stage of its development, the ETT needs to intensify modernization of facilities and implementation of other projects and introduce advanced international technologies. Due to indispensable needs to concentrate coal, the ETT plans to commence a project of concentration plant and cooperation with Energy Resource LLC and plants abroad to produce concentrate.

A feasibility study was tentatively approved to establish a coal concentration plant with USD330 million and it aims at putting a plant with capacity of concentrating 1-5 million tons of coal into operation in 2018-2020.

Moreover, B.Gankhuyag said, “With its four licenses, the ETT JSC is valued at USD5 billion. Thus, it is entirely possible to raise USD1 billion by making IPO. Two weeks ago, the ETT registered 1072 shares of 2,511,000 shareholders on the balance of the ETT. In this regard, the company schedules to host a meeting of the shareholders on April 27 to modify its rules.”

Following the reports, the Prime Minister and Ministers of Road and Transport Development and Mining and Heavy Industry provided some resolutions and assignments. For instance, Minister of Road and Transport Development J.Bat-Erdene made a decision to stop disorderly issuance of ‘C’ permission of coal transportation to cross the border and issue the permission in case the extractor made a direct contract with a buyer.

Minister of Mining and Heavy Industry D.Sumiyabazar instructed the ETT to execute logistical works itself, recruit skilled personnel and bring Gashuunsukhait auto road project into a direct management of the ETT.

In the end, the PM assigned the authorities of coal companies to pay attention on health, safety and social issues of drivers who transport coal.

M.Unurzul

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Mongolia to cooperate with IFC in green building evaluation www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Construction and Urban Development, Ministry of Environment and Tourism, Energy Regulatory Commission signed a memorandum of cooperation with the International Financial Corporation (IFC) on green building evaluation system implementation in Mongolia on April 13.

Cooperation between the Ministry of Construction and Urban Development and the IFC started in 2017 and the memorandum launches the second phase of its operation.

Deputy Minister of Construction and Urban Development Sh.Lkhamsuren said “We would like to thank you for accepting our proposals and supporting the development of a green building evaluation system in Mongolia. As you know we have established the Council for Green Building to create and develop national evaluation system in Mongolia. The council is responsible for integrated management of all green building activities. In order to strengthen human resources I suggest to train trainers from the Council for Green Building and jointly develop a program. The Council will become an independent implementation institution of Mongolia's green building evaluation system, which is the most important outcome of this memorandum.”

As a result of this cooperation, it will be possible to evaluate green building in Mongolia using the IFC’s ‘EDGE’ software for green building evaluation system based on the principle of improving the efficiency of new housing and public buildings and resource-savings.

The ‘Green building’ certificate for buildings will make a significant improvement in the development of resource efficient construction.

B.Misheel

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