1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia improves ranking in global corruption index www.xinhuanet.com

Mongolia has been ranked 114th out of 180 countries in the 2024 Corruption Perceptions Index (CPI), Transparency International (TI) Mongolia announced on Tuesday.
Despite maintaining a CPI score of 33 points in both 2023 and 2024, Mongolia moved up seven places in the global ranking compared to the previous year.
The CPI evaluates 180 countries and territories based on perceived levels of public sector corruption, using a scale from 0 (highly corrupt) to 100 (very clean).
Published annually by the non-governmental organization TI, the index assesses corruption based on factors such as bribery, misuse of public funds, abuse of public office for personal gain, and nepotism in civil service.
Denmark topped the 2024 index with a score of 90, maintaining its position as the least corrupt country, while South Sudan ranked last with a score of 8, reflecting severe corruption challenges.
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Mongolia Plans First Dollar Bond Since Credit Rating Upgrades www.bloomberg.com

Mongolia hired banks for potentially its first dollar bond sale since being upgraded by rating firms last year as it seeks to tap robust global demand for riskier debt early in 2025.
The junk-rated sovereign is planning a deal with a five- and possible 10-year tenor, according to people with knowledge of the matter. If the government proceeds to price the debt, it would be its first in the US-dollar bond market in about 14 months, according to data compiled by Bloomberg.
Mongolia has become a rare speculative-grade rated sovereign issuer in emerging Asia in recent years as other past borrowers such as Pakistan have had to seek financial assistance from the International Monetary Fund. All the three major international credit rating firms have raised Mongolia’s credit scores since September, with Moody’s Ratings the latest to do so in November.
Moody’s cited an uptick in mineral revenues and a track record of effective debt management when it upgraded Mongolia’s credit assessment one notch to B2, five levels below investment grade.
The nation also plans to repurchase a $566 million bond due in April of next year and a $650 million note maturing in January 2028, according to the people familiar, who asked not to be identified because the information is private. Both bonds are trading above their issue prices.
Average spreads on Asian high-yield dollar bonds are near their tightest in more than six years at 411 basis points, according to a Bloomberg index.
Still, the guage, which has returned 0.5% so far this year, is underperforming global peers as concerns about Chinese property developers flare up again and US President Donald Trump’s tariffs plans unsettle markets. The region’s notes returned 15% last year, in their best annual performance in 12 years, the data show.
Of 20 major Bloomberg fixed-income indexes emerging-market dollar bonds and global high-yield debt are the two best performing so far this year, returning 1.5% and 1.4% respectively, the data show. The bigger spread cushions on the notes give them greater room to absorb volatile moves in Treasuries.
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Fitch Assigns Mongolia's Proposed USD Bonds 'B+' Rating www.fitchratings.com

Fitch Ratings - Hong Kong - 11 Feb 2025: Fitch Ratings has assigned Mongolia's (B+/Stable) proposed US dollar bonds a 'B+' rating.
Key Rating Drivers
The rating is in line with Mongolia's 'B+' Long-Term Foreign-Currency Issuer Default Rating (IDR), which was upgraded with a Stable Outlook from 'B'/Stable on 18 September 2024.
The following ESG issues represent key rating drivers for the proposed bond; other key rating drivers can be found in the issuer rating action commentary dated 18 September 2024.
ESG - Governance: Mongolia has an ESG Relevance Score of '5[+]' for Political Stability and Rights and '5' for the Rule of Law, Institutional and Regulatory Quality and Control of Corruption. These scores reflect the high weight that the World Bank Governance Indicators have in our proprietary Sovereign Rating Model. Mongolia has a medium World Bank Governance Indicator ranking at the 46th percentile.
The rating on the bonds is sensitive to any changes in the Long-Term Foreign-Currency IDR, which has the following rating sensitivities (as per the aforementioned issuer rating action commentary).
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade
- External Finances: Materialisation of significant external stress, potentially undermining external financing flows and leading to a decline in foreign reserves, for example as a result of a commodity shock amid expansionary domestic economic policies.
- Public Finances: Significant increase in the government debt/GDP ratio, for example from sustained budget deficits.
- Structural Features: Political instability and/or major policy shifts sufficient to significantly disrupt strategic mining projects or FDI inflows.
Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade
- External Finances: Further reduction in external financing risks, for example through significant accumulation of foreign-currency reserves and reductions in net external debt, accompanied by prudent external debt management.
- Macroeconomic and Structural: Sustained strong economic growth without the emergence of imbalances, supported by a business environment conducive to robust FDI inflows.
- Public Finances: Implementation of prudent fiscal policies consistent with reductions in the government debt/GDP ratio.
Date of Relevant Committee
17 September 2024
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
ESG Considerations
The ESG profile is in line with that of Mongolia.
For more information on Fitch's ESG Relevance Scores, visit www.fitchratings.com/esg.

 
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Mongolia moves up 7 places in Corruption Perceptions Index www.news.mn

Transparency international just released its 2024 Corruption Perceptions Index today. The Corruption Perceptions Index (CPI) is the leading global indicator of public sector corruption, providing an annual comparative snapshot of 180 countries and territories. The index for 2024 is calculated using data from 13 external sources.
The 2024 Corruption Perceptions Index (CPI) shows that corruption is a dangerous problem in every part of the world, but change for the better is happening in many countries. Research also reveals that corruption is a major threat to climate action. It hinders progress in reducing emissions and adapting to the unavoidable effects of global heating.
The CPI ranks 180 countries and territories worldwide by their perceived levels of public sector corruption. The results are given on a scale of 0 (highly corrupt) to 100 (very clean). While 32 countries have significantly reduced their corruption levels since 2012, there’s still a huge amount of work to be done – 148 countries have stayed stagnant or gotten worse during the same period. The global average of 43 has also stood still for years, while over two-thirds of countries score below 50. Billions of people live in countries where corruption destroys lives and undermines human rights.
As of the 2024 Corruption Perceptions Index (CPI) released by Transparency International, Mongolia received a score of 33 out of 100, ranking 114th out of 180 countries. It means Mongolia moves up 7 places in Corruption Perceptions Index. There are no score change since 2023 but its position moved up.

 
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Preparation Works Underway to Increase Internet Speed Tenfold www.montsame.mn

The Ministry of Digital Development, Innovation, and Communications of Mongolia is preparing to introduce a 5G network nationwide, with competitive bidding to begin in March 2025.
The internet capacity of soums in Mongolia is set to increase tenfold. This enables the accessibility of all modern digital services and allows students to study on all digital platforms and learn foreign languages. The increased internet capacity will also provide swift accessibility for medical services.
Minister of Digital Development, Innovation, and Communications of Mongolia Baatarkhuu Tsend noted, “With the implementation of the 5G network, we can discuss the introduction of self-driving vehicles and automation technology in the manufacturing sector. Also, households would no longer need to submit their electricity and water meters manually, instead, it can be fully automated and more accurate.”
Mongolia has 53 thousand kilometers of fiber optic cables throughout the cities and soums, which means 23 percent of the country’s territory has internet access.

 
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Performance Monitoring Unit Highlights Streamlined Permit Issuance www.montsame.mn

The Performance Monitoring Unit under the Prime Minister of Mongolia held its 5th meeting on February 8, 2025. The implementation of decisions made at previous meetings, the financing model for projects to be implemented in Ulaanbaatar City, and the improvement of the legal environment were discussed at the meeting.
Ulaanbaatar City plans to implement 24 projects related to reducing air pollution and congestion in 2025-2028. Of these, the financing sources for eight projects have been resolved, including the Tuul Highway Project, the Cable Car Project, the Selbe and Bayankhoshuu Housing Projects, the Infrastructure Project of the Emeelt Eco-Industrial Park, and the Ulaanbaatar Tram Project. The financing for these projects will be allocated in the Capital City Budget, foreign loans, and bonds, stated Governor of the Capital City and Mayor of Ulaanbaatar Nyambaatar Khishgee. The Tuul Highway Project, for example, requires MNT 1.9 trillion. The 32-km, six-lane highway from the Nalaikh Highway to the Darkhan Highway junction is expected to increase the average traffic speed by 14 percent when it is put into operation in 2027. Meanwhile, the Selbe Housing Project requires MNT 1.7 trillion and is planned to be financed with foreign bonds. Once the Project is completed, the number of households that burn coal for heating will be reduced by 10,000. As of today, the engineering infrastructure of the Selbe Housing Project has been completed, land release is at 70 percent, and construction tenders are underway. Furthermore, the work to resolve financing sources for the remaining 12 projects is ongoing. The financing for the Ulaanbaatar Metro Project (Line 1) will be confirmed soon, according to Mayor Nyambaatar.
A total of 73 tasks were given in six areas during the first four meetings of the Performance Monitoring Unit under the Prime Minister. Of these, 17 have been resolved, while the rest are in the implementation stage, said​​ Chief of the Cabinet Secretariat Uchral Nyam-Osor. In his presentation on the implementation of the Law on Permits, Mr. Uchral highlighted that there are some bureaucracies and shortcomings in the permit issuance process, including a large number of steps, insufficient digitalization, and government agencies requiring insignificant documents as well as some permits are issued under a regulation. Therefore, the Chief of the Cabinet Secretariat suggested implementing regulatory reforms based on risk assessment and transferring the function of issuing some types of permits to professional associations. Streamlining and expediting the issuance of permits is crucial for the construction work taking place in the Capital City, noted some members of the Performance Monitoring Unit, mentioning the need to reduce duplication and steps.
Prime Minister of Mongolia Oyuun-Erdene Luvsannamsrai instructed to continue working on the process of switching to gas fuel, using domestic resources, exploring opportunities for cooperation with entrepreneurs, continuing to work on financing sources for major projects to be implemented in the capital, improving the relevant legal environment, and developing and presenting proposals on how state-owned enterprises can support and participate in the construction projects to be carried out in Ulaanbaatar. The Prime Minister also reminded relevant officials that the pressing issues in the capital and their solutions should be comprehensively reflected in the general plan for the development of Ulaanbaatar until 2040.

 
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Signing and Exchange of Notes for Official Security Assistance (OSA) FY2024 project to Mongolia www.mofa.go.jp

On February10, in Ulaanbaatar, Mongolia, H.E. Mr. IGAWAHARA Masaru, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, and H.E. Sandag BYAMBATSOGT, Minister of Defence of Mongolia , signed and exchanged notes for 1.3 billion yen in “Official Security Assistance (OSA)” FY 2024 project.
Japan and Mongolia share fundamental values such as freedom, democracy and rule of law, cooperating in security and various other areas under the "Special Strategic Partnership for Peace and Prosperity."
The project will provide the Mongolian Air Force with an air traffic control radar system and related equipment. It is expected to strengthen the situational awareness and air traffic control capabilities of the air force. The project will contribute to ensuring security and safe use of the airspace based on the rule of law in Mongolia and throughout the region.
Japan Air Self-Defense Force and Mongolian Air Force have conducted defense cooperation and exchanges over years. They include capacity building project on air traffic control, which are currently being implemented and expected to have synergistic effects with this OSA project.
(Reference)
OSA is a grant aid cooperation framework which provides equipment and supplies as well as assistance for the development of infrastructures to armed forces and other related organizations of recipient countries. By enhancing their security and deterrence capabilities, OSA aims to strengthen our security cooperation with the recipient countries, to create a desirable security environment for Japan, and to contribute to maintaining and strengthening international peace and security.
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How a short trip to Mongolia changed my perspective on life www.thirst.sg

“Impactful” is the one word that represents what my trip to Mongolia meant to me.
I’ve seen the stories about poverty. I have heard people share that such “exposure” trips would radically change a person’s life.
Such stories tug on our heartstrings while reading them, but we quickly move on when the reality of deadlines, work and commitments hits us – all these stories and emotions then fade to the back of our minds.
But there is something different when you go to be with them, seeing the real faces behind these stereotypical stories and forming an inexplicable bond with them. The plague of poverty is the reality for these people.
Going on this trip made me realise that it sometimes takes an actual experience for our hearts to be changed. Now that I’ve actually gone out there to step into these communities – people and places that I’ve been so far away from – something has happened in my heart.
From a head that knows, to a heart that cares
As a 19-year-old, I am immersed in a culture of “grinding”. School and work environments can feel like increasingly toxic places that foster perpetual competition and demand never-ending commitments.
But in all the schools I visited in Mongolia, the one thing that stood out to me was their ability to make the most out of whatever they have been given.
The children there do so many activities for the sake of passion, pleasure and enjoyment. I never got the sense that they were taking part in these activities to climb the social ladder. They just seemed so much lighter and happier.
These values are especially seen in their “informal schools” – schools specially designated for co-curricular and extracurricular activities.
These schools don’t just educate children, they also welcome adults who may be mentally disabled or who did not have access to education at a young age.
Through my visits, I learnt that these schools really try to understand the unique difficulties each student faces so as to adapt their activities accordingly.
I believe such an education system brings hope to those who are conventionally deemed as “slow learners”, and also unleashes each person’s potential so that everyone can contribute to society.
This was most clear when the children shared their aspirations for the future with me.
One girl told me that she wanted to be a dentist because she noticed that the other children’s teeth weren’t so good.
Another girl (who I sponsor, as well as her sibling) told me she wants to become a doctor because her father was bedridden for an entire year.
These children have a different drive behind their aspirations beyond just self-fulfilment. It’s not just grades or individual gains – they carry a desire to serve and help others.
Building community banks
World Vision has also started a project called Savings Groups that aims to provide education on financial responsibility.
This is because many vulnerable families in Mongolia have unstable sources of income, and they don’t know when or how to save.
For instance, some families that sell crops for a living depend on the weather for their income.
If they managed to have a good harvest, they would immediately spend all the money earned on big-ticket items like a new TV.
But if their harvest isn’t good in the following year, they would have no savings for their daily necessities.
Therefore, World Vision hopes to help such close-knit communities cultivate financial responsibility and accountability through Savings Groups.
Each Savings Group consists of around 10 to 15 members, and it functions like a community bank.
Each member can decide how much money they want to save, and they put it in a safe box for safekeeping. One person safe-keeps the box, while several keys are handed to different people. They will need all the keys to open the box.
Taking out loans would require an interest, and that generates some money for other members of the group.
At these Savings Groups, the members also rotate meetings among their homes so they get to meet each other’s families and see their living conditions. This helps them when they need to decide whether a member should be allowed to take out a loan.
This system also builds the personal relationships that members have with each other. It is one thing to put money in a bank or save some money at home on your own, but when dreams and plans are shared – a culture of accountability and encouragement are created.
To whom much was given, of him much will be required
Living in a part of the world that is more developed, we are financially better off than many. We can certainly look out for brothers and sisters like the ones I met in Mongolia.
I really hope to encourage us not to underestimate the power of sponsorship. In some ways, $45 a month might not seem like a lot of money. But during my time in Mongolia, I truly saw the impact that World Vision is making and how grateful the local communities are.
We were told many stories of how sponsored children became vice presidents of agriculture, workers at World Vision and people who took up other jobs that give back to the community.
This is one of World Vision’s missions – to empower the sponsored to become sponsors. So when we sponsor a child, the impact it brings is actually exponential. And that brings me so much hope.
I returned from the trip with a new commitment. From a girl with no responsibilities, I have now pledged to sponsor two children for the next decade. It feels like I now have a little family of my own!
If you are keen to find out more about World Vision, start here!
By Maria Chow
This story was contributed by a volunteer. Have a testimony that could encourage others? We’d love to hear from you at hello@thir.st!
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Prime Minister condoles smoke inhalation victims, urges to be responsible www.gogo.mn

The 5th meeting of the Emergency Headquarters, chaired by Prime Minister L.Oyun-Erdene, focused on addressing air pollution and ensuring public safety. At the beginning of the session, the Prime Minister expressed his condolences to the families of those who lost their lives due to smoke inhalation. He emphasized the importance of reducing air pollution, improving citizen safety, and called on the Emergency Headquarters to work more responsibly and diligently.
N.Uchral, Head of the State Emergency Management Agency, presented a report on the implementation of the Law on Permits. He noted several challenges in the current process, such as procedural delays, excessively lengthy permit issuance processes, insufficient digitalization, and unnecessary document requirements from state organizations. N.Uchral proposed regulatory reforms based on risk assessments and suggested transferring some types of permits to professional associations to improve efficiency.
During the meeting, Member of Parliament N.Nomtoibayar stressed the need for a unified foreign relations policy to facilitate the successful implementation of large-scale projects.
In response, Prime Minister L.Oyun-Erdene instructed the government to continue transitioning to gas fuel, utilizing domestic resources, and exploring collaboration with entrepreneurs to support major infrastructure projects in Ulaanbaatar. He also called for improved legal frameworks and the development of comprehensive proposals on how state-owned enterprises could contribute to the city’s construction projects.
The Prime Minister emphasized that the General Development Plan of Ulaanbaatar through 2040 must thoroughly address the capital’s pressing issues and incorporate sustainable solutions for its long-term development.
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Uzbekistan and Mongolia hold first intergovernmental commission meeting www.uzdaily.uz

On 7 February, Tashkent hosted events aimed at enhancing Uzbek-Mongolian trade, economic, and investment cooperation.
As part of the program, Deputy Prime Minister of Uzbekistan Jamshid Khodjayev met with Deputy Prime Minister of Mongolia Sainbuyan Amarsaikhan to discuss the current state and future prospects of bilateral relations, focusing on trade growth, investments, and industrial collaboration.
By the end of 2023, trade turnover between the two countries had increased by nearly 50%, maintaining a positive trend in 2024. Key exports include passenger cars, food products, and electrical equipment.
During the first session of the Intergovernmental Commission, both sides heard reports from relevant ministries and agencies, reviewed the progress of joint projects, and outlined responsibilities and deadlines for their implementation.
The business agenda continued with a business forum and an inaugural meeting of the Uzbek-Mongolian Business Council, attended by over 150 representatives from major companies of both nations.
The event featured presentations on Uzbekistan’s investment opportunities, as well as the signing of several bilateral agreements, including an education partnership between Tashkent State Agrarian University and Mongolian University of Life Sciences.
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