1 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      2 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      3 DIESEL LOCOMOTIVE CONVERTED TO HYBRID LOCOMOTIVE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/11      4 MONGOLIA REVEALS ITS UNTAMED BEAUTY AND RICH CULTURE THROUGH THE EYES OF DUTCH TOURISTS ON AN UNFORGETTABLE ADVENTURE WWW.TRAVELANDTOURWORLD.COM  PUBLISHED:2025/09/11      5 ROBOTIC MILITARY DOG TRAINING FEATURED IN CHINA-RUSSIA-MONGOLIA BORDER DEFENSE EXERCISE WWW.NOVINITE.COM  PUBLISHED:2025/09/11      6 MONGOLIA DEPLOYS 15TH BATTALION’S SECOND CONTINGENT TO UN MISSION IN SOUTH SUDAN WWW.MONTSAME.MN PUBLISHED:2025/09/11      7 THE MONGOLZ RANKINGS RISE TO SECOND WORLDWIDE WWW.MONTSAME.MN PUBLISHED:2025/09/10      8 CHABOT MOBILITY JOINS MONGOLIA VOYAGER PROJECT TO EXPORT K-MOBILITY INFRASTRUCTURE WWW.BIZ.CHOSUN.COM  PUBLISHED:2025/09/10      9 "OYUT" COPPER DEPOSIT WITH 1.1 MILLION TONS OF PURE COPPER DISCOVERED WWW.GOGO.MN PUBLISHED:2025/09/10      10 CHINA-RUSSIA-MONGOLIA BORDER DEFENSE COOPERATION 2025 JOINT EXERCISE KICKS OFF WWW.ENG.CHINAMIL.COM.CN  PUBLISHED:2025/09/10      ЗАСГИЙН ГАЗРЫН WWW.D-GOV.MN ЦАХИМ СИСТЕМ ӨНӨӨДРӨӨС АЖИЛЛАЖ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/11     ТӨМӨРТЭЙН ОВООНЫ ЦАЙРЫН ОРДЫН ТУСГАЙ ЗӨВШӨӨРЛИЙГ АЛБАН ТУШААЛТНУУД ХУВИЙН КОМПАНИДАА ШИЛЖҮҮЛЭН АВСАН ҮЙЛДЛИЙН УЛМААС ТӨРД УЧРУУЛСАН ХОХИРЛЫГ НЭХЭМЖЛЭХЭЭР БОЛОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/11     ТӨСВИЙН АЛДАГДАЛТАЙ АЛБАН ТУШААЛТНЫГ ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛД 2 ТЭРБУМААР ЗӨВЛӨХ ҮЙЛЧИЛГЭЭ АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ИПОТЕКИЙН БАНК БАЙГУУЛАГДАХААС ӨМНӨ САНХҮҮЖИЛТИЙГ ЗАСГИЙН ГАЗАР РУУ ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/10     Р.ЧИНГИСИЙГ ДОТООДЫН ЦЭРГИЙН ЕРӨНХИЙ КОМАНДЛАГЧААР ТОМИЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/10     БИРЖИЙН НҮҮРСНИЙ ЭКСПОРТ 739 МЯНГАН ТОНН БОЛЖ, ӨМНӨХ САРААС ХОЁР ДАХИН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10     “ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК НҮҮРС БАЯЖУУЛАХ ҮЙЛДВЭРЭЭС ГАРЧ БУЙ ХАЯГДАЛ НҮҮРСИЙГ ДАХИН БОЛОВСРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/10     ХАЛЗАН БҮРЭГТЭЙН ОРДЫН АСУУДЛААРХ СОНСГОЛД ХОВДООС 50 ХҮН ОРОЛЦУУЛАХ ХҮСЭЛТ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/10     “УЛААНБАДРАХ 300 МВТ ЦАХИЛГААН СТАНЦ” ТӨСЛИЙН ТЭЗҮ-ИЙГ МЭРГЭЖЛИЙН ЗӨВЛӨЛӨӨР ХЭЛЭЛЦҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10    

Category

Events

Events

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

NEWS

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National Assembly speaker to visit Mongolia for parliamentary diplomacy, climate cooperation www.koreajoongangdaily.joins.com

National Assembly Speaker Woo Won-shik will travel to Mongolia on Saturday for parliamentary diplomacy and climate cooperation discussions, his office said.
Woo will hold a series of meetings with top Mongolian officials, including President Ukhnaagiin Khurelsukh and his counterpart, Dashzegve Amarbayasgalan, during the five-day trip.
Woo plans to discuss economic and infrastructure cooperation between Korea and Mongolia and to jointly explore responses to the climate crisis in Northeast Asia.
He will also attend a tree-planting ceremony arranged as part of a bilateral desertification prevention initiative.

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Hungary and Mongolia deepen partnership with new trade and cultural deals www.dailynewshungary.com

Further developing Hungarian-Mongolian relations will have an important role in the government’s Eastern Opening strategy, the minister of foreign affairs and trade said on Friday. Péter Szijjártó spoke at a press conference held jointly with his Mongolian counterpart, Batmunkh Battsetseg, after talks in Budapest, and highlighted the traditionally friendly ties between the two countries as well as their shared cultural and historical heritage. Szijjártó noted a 51 percent increase in bilateral trade turnover this year following another record turnover in 2024. He added that bilateral trade was driven by pharmaceuticals, with Hungarian exports reaching a record high. Mongolia’s major economic reforms offer further opportunities for bilateral cooperation, Szijjártó said. The two ministers agreed to convene their countries’ mixed economic committee this year to assess how Hungarian companies could participate in farming, food production and water management projects in Mongolia, Szijjártó said. Meanwhile, Szijjártó said Hungarian universities offered 200 scholarships to Mongolian students each year, and welcomed that Mongolia’s National University has launched Hungarian language courses. Conversely, Mongolian is taught at Budapest’s ELTE university, the minister added. Peace needed in Ukraine On another subject, Szijjártó said Mongolia was also a member of the international peace camp, and both countries advocated peace and keeping communication channels open. “We have clearly been proven right in promoting peace and urging peace talks … the war in Ukraine has no solution on the battlefield,” he said. “A settlement can only be reached at the negotiating table, which requires the parties to be in communication. It is regrettable and dangerous that some governments and political leaders seek to undermine the path to peace,” Szijjártó said, adding that prolonging the war would involve “further and further deaths”. Later on Friday, the Hungarian National Theatre said in a statement that it had launched long-term cooperation with the Mongolian National Drama Theatre, “aiming to mutually enrich the two countries’ theatre culture and to deepen professional and educational ties.” The directors of the two theatres, Attila Vidnyánszky for Hungary and Naranbaatar Namnan for Mongolia, signed the relevant agreement on Friday, it said. Signatories pledged to build strong professional ties, to exchange knowledge and experience, to attend international events together and support student exchange. The cooperation’s flagship production will be a piece called “Attila”, to be staged in 2027, the statement said.

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The World's Coldest Capital City Is A Foodie Paradise In Asia With Youthful Vibes And Trendy Attractions www.islands.com

You'd probably think that few people would want to live in a city that averages about 3 degrees Fahrenheit during the day (-14 at night) for months of the year.  This is the case in most parts of the world, but not in the world's coldest capital city, Ulaanbaatar, Mongolia. Often written as Ulan Bator and called UB by locals, Ulaanbaatar has transformed into a boomtown on the Tuul River and is home to nearly half of Mongolia's population of 3.5 million. Unofficially, though, the city's population is likely greater, as many nomads from the countryside have recently moved to the city's outskirts. 
The city is bursting with a youthful energy and some of the biggest worldwide food trends, creating a vibrant restaurant scene. A few decades ago, these scenes of foreign foods and private enterprise would have been almost unimaginable. Around 100 years ago, the new Soviet Union tremendously influenced Mongolia's development as a nation, helping Mongolia remove Chinese influence and establishing a Sovie-oriented Mongolian People's Republic in 1924. In light of a turn toward the USSR, Mongolia renamed its capital city Ulaanbaatar, meaning "red hero," and later adopted the Cyrillic alphabet. Although Mongolia's political climate changed in the 1980s, the country remained politically isolated and economically dependent on the USSR until the Soviet Union fell. In the past 30 years, Mongolia has become a democratic country and opened up to the world.  Tourism is growing rapidly, but don't worry, you still have plenty of room to explore Mongolia's uncrowded and underrated natural wonders.
Mongolian diets traditionally consist of livestock and animal products from the "Five Snouts," which change depending on the local geography and the season. During the warmer months, Mongolians consume white dairy and milk products, while in winter, hearty red meat dishes dominate the menu. Although the most authentic way to try local food is in the countryside with, in my experience, a truly hospitable host family, local restaurants such as Modern Nomads and Khaan Buuz, and machine-processed dairy products mean that traditional foods are available year-round in UB. Traditional Mongolian milk beverages suutei tsai (milk tea) and airag (mare's milk) are considerably more sour than cow's milk and are often enjoyed communally. Trying them will endear you to locals, but take it slow.
In Ulaanbaatar, you sadly won't find a Big Mac. However, the city boasts an incredible variety of international cuisines with a local flair, including tasty coffee, sashimi, and even tacos. Millie's Espresso has been open for over 20 years, and per Google Maps and local experts, it has a killer breakfast. Right next door, La Rosa's killer tapas are just waiting for you to post as you crack open your favorite board game or a beer.
Despite Mongolia's cuisine being quite different than India's, the most vegetarian-friendly country in the world, Ulaanbaatar does have vegetarian and vegan restaurants. The Loving Hut serves vegan versions of traditional and foreign cuisines across the city, along with picture menus. In other restaurants, dishes such as buuz and tsuivan can be served without meat, though the staff may try to replace the meat with another ingredient, such as mushrooms.
Although Mongolia's culture keeps a high regard and respect for traditions and heritage, especially its music, the country's youth continually push the envelope to express themselves and expand opportunities for travel and business. Pop culture, especially Korean culture, has permeated the country along with Korean supermarkets and convenience stores, adding a dash of convenience and cool. Though Ulaanbaatar does not formally have an arts district, the city has tremendous Soviet murals and art museums throughout. The Zanabazar Museum of Fine Arts, the city's first European-style building back in 1905, houses an incredible collection of ornate religious paintings, tapestries, and depictions of the past. On Zaisan Hill south of the city, you'll find one of the best places to watch the sun rise or set, along with a Soviet depiction of the brotherhood formed between Mongolia and the USSR decades ago. Ulaanbaatar also has a burgeoning live music scene, with both hip-hop and rock being symbols of a free, post-Communist Mongolia.
Mongolia is still very much the Wild West and far off the beaten path for many travelers, though that may be about to change. United is adding routes from Tokyo Narita to Ulaanbaatar starting May 1, 2025, and is modernizing its aircraft fleet to include creature comforts. Moreover, Mongolia is visa-free for many nationalities, including the U.S., Canada, the U.K., and much of Europe, though many other nationalities can apply for an eVisa. In my experience, downloading a free local phrasebook or language course is a must-do if you want to meet locals on your trip. 
By Dave Bowling

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AmCham Mongolia Condemns Recent Assault on Badrakh Energy Executive www.itoim.mn

The American Chamber of Commerce in Mongolia (AmCham Mongolia) strongly condemns the violent confrontation and physical assault on senior leadership of our member Badrakh Energy LLC, during a meeting on April 21 with a group of opposing uranium mining. This act of violence is unacceptable and undermines the principles of lawful protest and civil discourse.
AmCham Mongolia reaffirms its commitment to upholding the rule of law, the safety of individuals, and the protection of lawful business operations
While expressing different opinions and concerns is a legitimate action in democratic societies, dialogues and discussion between any parties should be conducted in on mutual respect and shared goal of resolving the core issues, seeking factual truth and accountability.
We are deeply concerned by the string of irrational and unlawful attempts to disrupt operations of our members by communities and involved parties, resorting to physical confrontations.
AmCham Mongolia stands in solidarity with Badrakh Energy and all businesses operating within the legal framework of Mongolia. We urge all parties to respect the rights of individuals and organizations and to resolve differences through peaceful and lawful means.

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FSS warns of investment scam impersonating Mongolia's G Bank for high-yield bonds www.biz.chosun.com

The Financial Supervisory Service recently issued a "consumer alert" noting that advertisements for investment scams claiming to sell high-yield offshore bonds by Mongolia's largest bank have spread, primarily online.
The FSS stated on the 23rd that claims made on social media (SNS) that investing in dollar-denominated bonds issued by Mongolia's G Bank would yield a stable high return of 11% annually are misleading and that this is a non-existent investment scam.
According to the FSS, it appears that the illegal entity exploited the high-return expectations for Mongolia, an emerging country, and the difficulty in verifying the existence of the bank.
Recently, G Bank in Mongolia confirmed an investment scam using its name and requested action from the FSS through the Ministry of Foreign Affairs. G Bank conveyed that it does not sell bonds directly in Korea through the South Korean Embassy in Mongolia.
They posed as a legitimate financial entity known as G Bond Company, falsely presenting it as a regular financial firm and posting numerous misleading articles on YouTube and SNS.
Through their postings, they emphasized that due to the characteristics of Mongolia's benchmark interest rate (approximately 10% at the end of last year), the dollar-denominated bonds sold by G Bond Company could generate a high interest income of 11.7% annually and that the risk of exchange rate losses due to fluctuations is low. They also posted fake investment success stories and tips related to G Bonds online, attracting investors with dozens of positive comments.
Subsequently, the illegal entity induced investment deposits into accounts under corporate names similar to their registration, similar to entering personal information on the G Bond Company website, before disappearing. The accounts are believed to be "shell accounts," established under a corporation with a name similar to the impersonated company to avoid suspicion.
An FSS official said, "Even foreign commercial banks are illegal if they sell bonds directly in the country without authorization under the law," and added, "If online advertisements claim that investing in overseas dollar-denominated bonds can yield stable high returns, it may be an investment scam, so caution is advised."
BY 
Kang Jung-a

 

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Strengthening Mongolia-UK Parliamentary cooperation www.commentcentral.co.uk

The recent official visit of Mr. Amarbayasgalan Dashzegve, Speaker of the State Great Hural (Parliament) of Mongolia, to the United Kingdom marked a historic milestone in Mongolia-UK relations. This visit, the first of its kind at the Speaker’s level, reinforced Mongolia’s commitment to strengthening parliamentary democracy and expanding cooperation with its Western partners.
Mongolia and the UK share a longstanding relationship based on common values of democracy, freedom, human rights and the rule of law. The UK was the first Western country to establish diplomatic relations with Mongolia following its accession to the United Nations. Furthermore, the UK played a crucial role in supporting Mongolia’s democratic transition, notably during the 1991 G7 Summit in London, where it called on the international community to assist Mongolia in its economic and political reforms. Since then, bilateral relations have expanded into diverse fields, particularly education, environmental protection, and renewable energy. This visit reaffirmed the strong and enduring ties between our two nations.
The delegation led by Speaker Amarbayasgalan included representatives from all five political parties with seats in Parliament, reflecting Mongolia’s commitment to a pluralistic and inclusive democracy. This visit also provided an opportunity to highlight the recent constitutional amendments aimed at enhancing governance and political stability in Mongolia.
Advancing Parliamentary Democracy and Governance
In 2019, Mongolia enacted significant constitutional amendments to improve governance and political stability. A major change was the expansion of Parliament from 76 to 126 members, with 78 elected through a majoritarian system and 48 through proportional representation. This reform aimed to enhance representation and improve legislative efficiency.
The 9th parliamentary elections held on June 28, 2024, resulted in a notable shift in Mongolia’s political landscape. The Mongolian People’s Party (MPP) retained a majority, securing 68 out of 126 seats, a reduction from its previous supermajority. The Democratic Party (DP) made significant gains, increasing its representation to 42 seats. Other parties, including HUN, the National Coalition, and Civil Will-Green, also secured parliamentary representation. A remarkable outcome of the election was the increased participation of women, with 32 women elected to Parliament—marking a record 25.4% representation.
Following the elections, Mongolia formed a Coalition Government comprising three major parties: the Mongolian People’s Party (MPP), the Democratic Party (DP), and HUN. The coalition aims to drive national development and implement key projects to enhance citizens' well-being.
The Coalition Government has identified 14 mega projects to diversify Mongolia's economy beyond its mining sector. One of the most critical initiatives is the establishment of a metro system in Ulaanbaatar to address traffic congestion and promote sustainable urban development. During the Ministerial-level strategic dialogue between Mongolia and the UK held on 26 February 2025, Deputy Prime Minister Amarsaikhan Sainbuyan and Mayor of Ulaanbaatar Nyambaatar Khishgee met with UK counterparts to explore potential cooperation on this project. The visit provided a platform for continued high-level discussions on international cooperation, trade, education, and innovation, with a particular focus on Mongolia’s Third Neighbour Policy.
Key Engagements in Westminster and Beyond
In Westminster, Speaker Amarbayasgalan met with Sir Lindsay Hoyle, Speaker of the UK House of Commons, where both sides expressed their dedication to strengthening parliamentary ties and promoting democratic governance. Discussions also covered expanding trade and investment, enhancing cooperation in science and technology, and fostering climate diplomacy. Speaker Amarbayasgalan and his delegation also met with Fabian Hamilton MP, Chair of the British Group of the Inter-Parliamentary Union, along with several other British MPs. The discussions focused on the relationship and cooperation between the two parliaments via the Inter-Parliamentary Union (IPU), of which the UK is one of the founding members.
Beyond the capital, the delegation visited two of the world’s most prestigious universities—Oxford and Cambridge—where they engaged with leading scholars and researchers.
At Oxford University, meetings with Chancellor William Hague, Professor Giles Wiggs, Head of the School of Geography and the Environment at Oxford, and Dr. Ariell Ahearn, a Departmental Lecturer specializing in Mongolian pastoralism studies, reinforced the importance of sustained academic exchange and research cooperation. 
During the meetings, the urgent challenges Mongolia faces due to climate change were highlighted, with Mongolia being one of the ten most affected countries in the world. It was noted that 78% of Mongolia’s territory is affected by desertification, which leads to severe consequences, especially in winter when extreme snow and dzud conditions disrupt traditional nomadic livestock farming. The previous year alone, dzud conditions caused herders to lose livestock valued at approximately 2 trillion MNT (around USD 700 million), dealing a significant blow to Mongolia’s traditional pastoral economy.
To address these issues, Mongolia’s Parliament passed a law aimed at mitigating the negative impacts of climate change on nomadic livestock herding. In addition, President Khurelsukh Ukhnaa initiated the "One Billion Trees" national campaign in 2021. Mongolia is also set to host the 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification (UNCCD) in 2026, in line with the International Year of Rangelands and Pastoralists, as declared by the UN. These efforts provide an avenue for continued cooperation between Mongolia and Oxford.
The 7th Oxford Desert Conference, organized by the University of Oxford’s School of Geography and the Environment, was held in Oxford on 20-21 March. On March 20, Speaker Amarbayasgalan met with Mongolian scholars participating in the conference. The meeting was attended by researchers from the UK, US, Japan, and Europe, as well as Mongolian nationals living and working in Oxford, and two camel herders from Mongolia who travelled to attend the conference.
In Oxford, Speaker Amarbayasgalan also visited the Satellite Applications Catapult, a UK government innovation centre. He was welcomed by John Abbott, the centre’s CEO, who introduced the organization’s activities. The centre specializes in advancing space technology and expanding its applications. Notably, a Mongolian national, Maral Bayaraa, works as a senior advisor at the centre and is conducting studies using satellite data analytics.
At Cambridge University, meetings with Professor John Aston, Vice President for Research, and scholars at the Mongolian and Inner Asian Studies Unit reinforced the importance of academic exchange and research cooperation. Established in 1986 within Cambridge’s Department of Social Anthropology, the Mongolian and Inner Asian Studies Unit has conducted extensive research on Mongolia, contributing to Mongolia-UK academic exchanges.
With the funding of the Government of Mongolia, the “Chinggis Khan and Mongol Empire Studies Research Scholarship" was recently launched at Cambridge University, reflecting Mongolia’s dedication to preserving and promoting its historical heritage through academic research.
The visit to Cambridge’s Cavendish Laboratory highlighted Mongolia’s growing interest in scientific collaboration and technological innovation. Speaker Amarbayasgalan met with Professor Samuel Stranks and Mongolian scientist Dr. Ganbaatar Tumen-Ulzii, who is conducting research on developing a novel X/gamma-ray detector for early-stage cancer detection at Cambridge. These engagements underscored the critical role of Mongolian researchers in global scientific advancements.
A particularly forward-looking discussion took place with Professor Brian Sheil, Director of the Centre for Smart Infrastructure and Construction and Professor Giulia Viggiani, Head of Civil Engineering at the University of Cambridge, on potential cooperation in urban development and infrastructure projects. With Ulaanbaatar’s growing urban challenges, Mongolia is keen to explore modern transport solutions, including metro construction and tunnel development, to alleviate traffic congestion and enhance sustainability.
A New Chapter in Mongolia-UK Relations
Speaker Amarbayasgalan’s visit comes at a pivotal moment in global affairs, as both Mongolia and the UK seek to navigate an increasingly complex geopolitical landscape. The discussions reaffirmed the shared commitment to deepening cooperation in trade, science, education, and climate diplomacy, in alignment with Mongolia’s strategic foreign policy goals.
As Mongolia and the UK enter their second six-decade period of diplomatic relations, this visit has opened a new chapter in parliamentary cooperation. It has also demonstrated Mongolia’s aspiration to be a proactive and engaged partner on the international stage, strengthening ties with like-minded nations that uphold the principles of democracy, free markets, and global cooperation.
Mongolia’s dynamic engagement with the UK reflects its broader vision of leveraging diplomacy, international collaboration, and scientific innovation to address global challenges. As we look ahead, the foundations laid by this historic visit will undoubtedly pave the way for stronger bilateral ties and expanded partnerships in the years to come.
BY
Enkhsukh Battumur
Enkhsukh Battumur is the Ambassador of Mongolia to the UK.

 

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Delphos Advises on Historic $20 Million Investment for Fintech LendMN to Propel Financial Inclusion in Mongolia www.media-outreach.com 2

Delphos, a premier advisor in private emerging markets, proudly announces its role as the exclusive financial advisor for LendMN's landmark $20 million USD debt financing. This strategic financial move marks the first significant milestone for a Mongolian fintech company, positioning LendMN and Mongolia on the international stage for fintech innovation and investment.
This significant debt facility is provided by Lendable, a leading name in debt finance for tech-enabled companies across emerging markets. Lendable is dedicated to fostering greater economic justice and sustainability worldwide. The funds will enhance LendMN's commitment to technology-driven financial solutions for Micro, Small, and Medium Enterprises (MSMEs) in Mongolia.
Delphos President Andrew Brown highlighted the transaction as "a testament to Delphos' expertise in facilitating impactful cross-border financings that drive financial inclusion. We are proud to support LendMN in its mission to expand access to credit for Mongolia's underserved populations."
LendMN, Mongolia's first digital lending fintech and a subsidiary of AND Global, has revolutionized the financial landscape with its fully digital Flexi Business Loan, which has already disbursed $60 million USD in loans to over 3,800 micro and small business owners since its launch. The platform's innovative approach includes automated credit scoring and instant loan disbursement without collateral, leveraging AI to bridge the financial gap for businesses traditionally overlooked by standard banking practices.
Uuganbayar Tserendorj, CEO and Board member of LendMN, expressed his optimism, stating, "We are delighted with this achievement as it denotes LendMN's robust technology and successful business model, opening doors to future international investment opportunities
With this landmark investment, Delphos continues solidifying its position as a definitive source for innovative financial solutions and strategic advisory services for development projects worldwide. Delphos has raised over $20 billion in development finance, benefiting over 1,200 companies globally.
The issuer is solely responsible for the content of this announcement.
About AND Global
Established in 2016, AND Global drives financial inclusion and technological advancement across Southeast Asia. Operating in 12 countries with 13 subsidiaries, AND Global leads the fintech sphere towards sustainable growth
About Lendable
Lendable pioneers in creating equitable, sustainable financial solutions with over $577 million deployed in emerging markets, facilitating access to finance for the underserved
About Delphos:
Delphos is the definitive source for arranging innovative financial solutions for development companies and projects. We specialize in raising long-term, competitively priced capital for corporates, fund managers, developers, SMEs, sovereigns, and entrepreneurs around the world. Since 1987, we have arranged more than $20 billion in development finance to support the efforts of over 1,200 companies. We tap into the resources of more than 350 government agencies and multilateral organizations worldwide to help clients realize their international business goals and have sustainable impact. In addition to our capital raising efforts, Delphos provides market-leading transaction advisory and investment/risk management consulting services to government and private sector clients across multiple industries. We are approved advisors to AfDB, DFC, IDB Invest, IFC, USAID, US Ex-Im Bank, USTDA, WBG, leading private equity firms, infrastructure developers and strategic investors, and foreign governments and utilities.
This press release underscores Delphos' strategic role in facilitating groundbreaking financial transactions that catalyze innovation and inclusive growth in emerging economies.

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Cabinet to Submit a Draft Law to Change the Development Bank of Mongolia to the Export-Import Bank of Mongolia www.montsame.mn

During the regular session of the Cabinet of Mongolia on April 23, 2025, Chief of the Cabinet Secretariat Uchral Nyam-Osor presented a draft Law on the Development Bank of Mongolia to Members of the Cabinet.
The draft Law includes the introduction of provisions for changing the Development Bank of Mongolia to the Export-Import Bank of Mongolia. The final version of the draft Law will be presented again at next week’s regular session of the Cabinet and subsequently submitted to the State Great Khural (Parliament) of Mongolia.
A Working Group, headed by the Minister of Justice and Internal Affairs, was established to oversee the implementation of intergovernmental agreements adopted by the State Great Khural, and in doing so, protect the interests of foreign investors and facilitate a sustainable investment environment. The Chief of the Cabinet Secretariat underlined that the Working Group is formulating draft Amendments to the Tax Law, the Investment Law, and the Law on Legislation of Mongolia.
During the regular session, the draft Law on Amendments to the Law on Mining Products Exchange, which was submitted to the State Great Khural by the Cabinet on March 28, 2025, was decided to be withdrawn due to the decision made at the regular session of Party Groups of the State Great Khural on April 21, 2025.
Additionally, a Working Group, headed by the Chief of the Cabinet Secretariat, was established to ensure the implementation of the Law on Sovereign Wealth Fund of Mongolia.

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Construction of the Gantsmod-Gashuunsukhait Railroad to Begin in May www.montsame.mn

 During the regular session of the Cabinet of Mongolia on April 23, 2025, Minister of Road and Transport of Mongolia Delgersaikhan Borkhuu presented the progress of the construction of the Gashuunsukhait-Gantsmod cross-border railroad.
Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai tasked relevant officials to begin the construction of the cross-border railway by May 14, 2025, and emphasized the importance of supporting the construction by ensuring coordination with the Chinese side and making arrangements to import necessary equipment, construction materials, and daily supplies through the border.
The Government of Mongolia’s 2024-2028 Action Plan, approved by the State Great Khural’s Resolution No. 21 of 2024, outlines the implementation of 14 mega-projects. The first mega project reflected in the Plan is the construction of cross-border railway and cargo terminals at the Gashuunsukhait-Gantsmod, Khangi-Mandal, and Shiveekhuren-Sekhee border points. With the successful implementation of the Project, Mongolia's export capacity and the transit of passengers and goods through the border will increase, with the average time of vehicles passing through the border being decreased.
Moreover, the Project will bolster the cooperation between Mongolia and the People's Republic of China in trade, economy, mineral, industry, and infrastructure sectors, creating the conditions for connecting the Shiveekhuren-Sekhe, Khangi-Mandal, and Bichigt-Zuunkhatavch with railroads, which would have the strategic importance of increasing the total export capacity of Mongolia by 80 million tons by 2030.

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Capital moving further away from happiness www.ubpost.mn

In a city so dark and suffocating that calling it the capital of a nation feels almost embarrassing, millions of citizens are barely holding on - living from one day to the next, burdened by debt, and with little reason to feel hopeful. The air is thick with pollution, the streets choked with endless traffic, and the system crippled by corruption and inefficiency. Hospitals are overwhelmed with patients, and the country is alarmingly close to topping global statistics in cancer and suicide rates. In such an environment, speaking of happiness feels almost naive.
Yet, the aspirations of Mongolia’s 3.5 million citizens are not extravagant. They seek something fundamentally human: a peaceful, decent life. Happiness, for most, is simply being able to raise their children in safety and good health, or in a city with clean air, open green spaces and streets free from congestion and daily stress. There is a growing sentiment that the government’s role should not be to insert itself into every aspect of life, be it handing out free food in the city square or running entertainment and service sectors under state control. What citizens desire is not dependence, but dignity, or an environment where they can thrive independently, not survive through state charity. Consider the reality for many of Mongolia’s youth. Instead of focusing on education, broadening their worldview, or pursuing innovation, they are consumed by anxiety over how to afford an apartment or a car. This is a tragic misdirection of potential and ambition. 
A truly livable city is measured by more than just infrastructure. It is defined by its quality of life, safety, access to education and healthcare, environmental sustainability, and efficient transportation. These are not luxuries, they are necessities for a capital city worthy of its name. If we are to build a future where Mongolians can live, not just exist, then we must reimagine our priorities. The path to happiness begins with clean air, honest leadership, and systems that serve people, not hinder them. 
Last year, Vienna, Austria, was once again named the most livable city in the world, followed by Zurich, Copenhagen, Vancouver and Melbourne. These cities earned top rankings not by coincidence, but by committing to principles that define urban well-being: clean air, public safety, rich cultural life, reliable public transportation, technological advancement and strong economic foundations. In Asia, Tokyo and Seoul stood out - examples of how densely populated cities can still prioritize livability and happiness through innovation, discipline and civic responsibility. 
Meanwhile, Mongolia ranked 77th out of 143 countries in the World Happiness Report, which is a below-average position and a steep 16-place drop compared to the previous year. Our nation is steadily drifting further away from the ideals of a happy, prosperous society. One of the key insights from the report is that trust and generosity between citizens play a central role in overall happiness. It’s not just about infrastructure or income, it’s about social trust. As the report poignantly notes, “Believing that someone will return your lost wallet is a strong indicator of a society’s happiness.” Sadly, in our country, the opposite is often true. Not only is there little hope of recovering a lost item, many people don’t hesitate to take what isn’t theirs. This speaks to a deeper erosion of social values, where trust and compassion have been replaced by indifference and survivalism.
People live with greater peace and contentment in places where thefts, crimes and violence are rare. In Sydney, for instance, the number of police officers is relatively low, not because crime isn’t taken seriously, but because citizens largely adhere to the law on their own. Respect for public interest is deeply ingrained, and human life is held in the highest regard. When a person dies in an unfortunate or preventable way, the media and public respond with urgency and empathy. Contrast that with our situation: in Mongolia, traffic fatalities, household accidents, preventable illnesses and deaths caused by systemic failures are treated as routine. The normalization of such tragedies reflects a society where human life has become undervalued. and where happiness has little room to grow. Where do our public representatives stand on these pressing issues? It is time to present their position clearly and thoughtfully. 
B.Naranbaatar: UB is like soum center
CEO of the Pusk Dro LLC and Engineer B.Naranbaatar: One of the most pressing frustrations for residents of Ulaanbaatar stems from the lack of proper urban planning and the unregulated, chaotic sprawl of construction across the capital. Since the early 1990s, buildings have been erected arbitrarily, without adherence to a cohesive vision or master plan. What began as spontaneous development has now evolved into dense, disorganized “concrete jungles’ that have reshaped the city’s landscape.
At the heart of any functional city lies a comprehensive land use and zoning plan. But Ulaanbaatar lacks both. Business owners often acquire land with one goal: to maximize profits by building upward and filling every available meter. There are no clear guidelines for where industrial zones should be established or which areas are suitable for residential development. The absence of such fundamental planning principles has led to an imbalance that affects every aspect of urban life.
For instance, in a well-planned city center, there might be a zoning ratio, such as 70 percent green space and 30 percent built area to ensure sustainability and livability. In Ulaanbaatar, no such standards are enforced. While building norms and regulations technically exist, the relevant authorities often fail to implement them. This lack of oversight creates a free-for-all environment where decisions are made in isolation, coordination is nonexistent, and the overall urban fabric deteriorates.
From an aerial view, the city looks less like a thoughtfully developed capital and more like a scattered heap of concrete. Compounding this is the weak and fragmented approach to urban redevelopment. There is no unified concept or long-term vision. In place of structured renewal projects, we see patches of outdated mud-brick buildings still called “townships”, juxtaposed awkwardly with modern high-rises.
Public spaces are another casualty. Pedestrian streets and open squares are being neglected or completely abandoned. The capital functions more like a rural soum center, where all administrative functions are concentrated in one place, creating bottlenecks and inefficiency. In contrast, other developed nations have taken a smarter approach. Japan, for example, has divided Tokyo into 23 special wards, each functioning with the autonomy of a city. Decentralization allows services to be delivered closer to where people live, easing congestion and improving overall quality of life. Unfortunately, in our capital, government officials often seem unclear about their responsibilities. Citizens and business owners alike are exhausted from endlessly knocking on doors, trying to find someone who can make decisions. The system is confusing, disjointed, and unresponsive.
Kh.Badamlyankhua: Energy reform is essential
Mongolian citizen living in Australia, who holds a master’s degree in environmental management from the University of New South Wales Kh.Badamlyankhua: A city that is centered around its people can truly be called a happy city. In contrast, Ulaanbaatar still faces an overwhelming number of challenges that prevent it from becoming such a place. Having lived in Australia for the past seven years, we have experienced firsthand what it means to live in a city that genuinely cares for its citizens. Here, the value of life is paramount. Freedom, public health, the dignity of labor and respect for one another are not abstract ideals but guiding principles of everyday life. People follow rules not out of fear but out of a shared understanding that those rules protect everyone. Safety standards are not optional, they are deeply linked to the well-being of society.
Take road infrastructure, for example. Australia leads the world in road signs, markings, and traffic safety systems. Why? Because human life matters. Everything is designed with the citizen in mind, making daily life simpler, safer, and more dignified. This isn’t just a matter of policy, it’s a cultural choice to prioritize people. Mongolia, too, has the potential to solve its urban problems if we begin with the same mindset. If we put human life, health and freedom first, solutions will follow, not only through funding or government intervention, but through collective will and citizen involvement.
Happiness should not be measured solely by high-rises, shopping malls, or luxury developments. It is defined by how comfortable and safe ordinary citizens feel in their everyday lives. And at the very foundation of happiness lies health. But how can we talk about health in a city where the air is toxic, the water polluted, and the streets and squares are left unclean? Ulaanbaatar’s environmental conditions make healthy living nearly impossible. Without addressing the root causes, we cannot build a happy or sustainable future.
Energy reform is also essential. Without solving our energy issues, we won’t eliminate smog or traffic congestion. At the very least, stricter vehicle inspections and emissions standards could help reduce pollution. In Australia, highly polluting vehicles are simply not allowed on the roads. Waste management is another critical area for improvement. We need a modern system that separates and collects waste efficiently, on time, and with the right equipment. Garbage trucks, recycling stations, and containers all require urgent upgrading. But again, this cannot happen without citizen cooperation and shared responsibility.
And let’s not overlook the soul of the city: its public spaces. Walking streets, parks, playgrounds and public toilets are the heartbeat of any livable environment. These are the places where people find peace, move freely, and connect with each other. In Sydney, every district is equipped with libraries, clean public restrooms, and green spaces where seniors can exercise, children can play, and young people can bike or run. What makes the atmosphere of a city feel alive is not its skyline, but its trees, its water features, its colors, and the gentle sound of birds and flowing streams. If we truly want to call Ulaanbaatar a city worthy of its people, we must begin by creating such an environment: one that supports health, invites happiness and respects the rhythm of human life.
B.Enkhbayar: Safe environment improves people’s well-being
Director of the School of Humanities of the Otgontenger University and  Associate Professor, Dr. B.Enkhbayar: Economic growth and the rapid construction of buildings and facilities alone do not make a city happy. A truly livable city is defined by a range of factors, such as citizen satisfaction, safety, mental well-being, social connection and environmental comfort.
Studies by the World Health Organization and the Center for Positive Psychology show that people living in clean, safe, and nature-rich environments are 20 to 30 percent more satisfied with their lives. Cities that offer safety, low crime rates, green spaces, parks, sidewalks and peaceful surroundings create the foundation for a happy urban life.
Beyond physical comfort, access to nearby health and education services, as well as spaces for cultural and intellectual development, such as theaters, museums, libraries, and training centers, enhance creativity, fulfillment and social inclusion. When inequality is reduced and social trust is strengthened, happiness naturally rises.
Canadian urbanist Charles Montgomery captured it best, saying, “A city is not just a building. It is a reflection of human psychology.” In his experimental “Narrou City” project in Vancouver, simple changes, like more sidewalks, green areas, community lunches, led to dramatic improvements: family relationships strengthened by 15 percent, civic participation doubled, and stress dropped by 25 percent. Ultimately, a happy city is not just built from concrete and steel, it’s shaped by the values, relationships and shared purpose of its people. Cleanliness, respect for public property, good neighborly conduct and active citizen involvement are just as important as infrastructure. And while positive psychology suggests that individuals can find happiness even in tough environments, it becomes much easier when the city itself supports well-being.
T.Zolzaya: City that silences dreams
Master’s degree student at the School of Political Science, International Relations and Public Administration of the National University of Mongolia T.Zolzaya: Ulaanbaatar has become a city that quietly denies the dreams of its young people. Everyone has aspirations, but for many of today’s youth, those dreams are being set aside just to survive. Ambitions are buried beneath mortgage debt, swallowed by high-interest salary loans, and lost in the endless hours spent in traffic. This is the day-to-day reality for too many young Mongolians.
Opportunities for personal growth are few and far between. Instead, young people are forced to channel their energy into simply securing life’s most basic needs: food, shelter, safety and health. It is a constant cycle of survival, not fulfillment. While public officials and politicians often encourage the youth to “dream big”, the harsh truth is that those dreams rarely find space to take root. A system entangled in corruption and conflict of interest leaves little room for honest work, let alone innovation or aspiration.
Yet, amid these frustrations, there is still hope. There is hope in the belief that a better city is possible - a city that genuinely listens to the voices of its youth, that creates spaces for education, cultural expression, entrepreneurship, art and technology. A city where dreams aren’t dismissed as luxuries, but supported as necessities for a brighter future. A truly happy city is not one that distracts its people with temporary comforts, but one that supports them in building meaningful, long-term lives. It begins with leadership that doesn’t just speak to its citizens, but listens and responds with action. Only then can we move from a city that stifles potential to one that sets it free.

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