1 UK GOVERNMENT PLEDGES FUNDING FOR MONGOLIAN CIVIC SPACE AND YOUTH VOTER EDUCATION WWW.STREAMLINEFEED.CO.KE PUBLISHED:2026/06/26      2 THE JUDICIAL ENGAGEMENT AND TRANSPARENCY (JET) PROJECT, FUNDED BY THE EUROPEAN UNION HAS SUCCESSFULLY CONCLUDED WWW.EEAS.EUROPA.EU PUBLISHED:2026/06/26      3 GOVERNOR NARANTSOGT EXPECTS INFLATION RELIEF IN LATE 2026 WWW.MONTSAME.MN PUBLISHED:2026/06/26      4 PM SEEKS WEF COOPERATION ON GREEN DEVELOPMENT, DIGITAL ECONOMY WWW.MONTSAME.MN PUBLISHED:2026/06/26      5 PRIME MINISTER UCHRAL INVITES GLOBAL TECH COMPANIES TO INVEST IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2026/06/26      6 PRIME MINISTERS OF MONGOLIA, SOUTH KOREA DISCUSS EXPANDING STRATEGIC PARTNERSHIP WWW.MONTSAME.MN PUBLISHED:2026/06/26      7 REMARKS OF AMBASSADOR RICHARD L. BUANGAN  AT THE AMERICAN CHAMBER OF COMMERCE IN MONGOLIA JUNE MONTHLY MEETING WWW.MN.USEMBASSY.GOV PUBLISHED:2026/06/26      8 PRIMARY MARKET FINANCING DRIVES SECURITIES GROWTH WWW.MONTSAME.MN PUBLISHED:2026/06/25      9 SIX NATIONS DISCUSS KOREAN UNIFICATION AT MONGOLIA FORUM WWW.KDTIMES.KR PUBLISHED:2026/06/25      10 MONGOLIA'S BORTEEG COAL DEPOSIT STARTS PRODUCTION WWW.SXCOAL.COM PUBLISHED:2026/06/25      ОН ГАРСААР АЛТНЫ ХАНШ 7.7, МӨНГӨНИЙ ХАНШ 20 ХУВИАР БУУРЧЭЭ WWW.CNBC.MN НИЙТЭЛСЭН:2026/06/26     ҮНДСЭН ХУУЛИЙН ЦЭЦИЙН ГИШҮҮНЭЭР Г.ЭРДЭНЭБАТ, Ж.СҮХБААТАР НАРЫГ ТОМИЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/06/26     ГАЦУУРТ БОЛОН ЭРЭЭН-БААВГАЙТЫН АЛТНЫ ҮНДСЭН ОРДЫГ АШИГЛАХ ТОГТООЛЫН ТӨСӨЛ ӨРГӨН БАРИВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/06/26     ТЕХНОЛОГИЙН КОМПАНИУДЫГ МОНГОЛД ХӨРӨНГӨ ОРУУЛАХЫГ УРИЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/06/26     БАЯН-ӨЛГИЙ АЙМГИЙН 12 СУМЫН НУТАГ ДЭВСГЭРТ ХАМААРАХ 319 НЭРИЙГ ӨӨРЧЛӨХ УИХ-ЫН ТОГТООЛЫГ БАТАЛЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/06/26     Г.ДАМДИННЯМ: 2029 ОНЫ НЭГДҮГЭЭР САРЫН 1-НИЙГ ХҮРТЭЛ ЗЭСИЙН АМНАТ-ЫГ ХӨНДӨХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/06/26     ИХ БРИТАНИД “ЧИНГИС ХААН: МОНГОЛЧУУД ДЭЛХИЙГ ӨӨРЧИЛСӨН НЬ” ОЛОН УЛСЫН ҮЗЭСГЭЛЭНГ НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/26     ЕРӨНХИЙ САЙД ИННОВАЦ, НОГООН ХӨГЖИЛ, ЭРЧИМ ХҮЧНИЙ САЛБАРТ ХАМТРАН АЖИЛЛАХ СОНИРХЛОО ИЛЭРХИЙЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/25     ЭРЧИМ ХҮЧНИЙ САЛБАРЫГ ИРГЭН БҮРТ НЭЭЛТТЭЙ БОЛГОВ WWW.ZUV.MN НИЙТЭЛСЭН:2026/06/25     СОЛОНГОСЫН НЭГДЛИЙН АСУУДЛААРХ “МОНГОЛ ФОРУМ”-Д ДОЛООН ОРНЫ ЭРДЭМТЭН СУДЛААЧИД ОРОЛЦОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/25    

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Events

Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Government aiming to provide housing accommodations to population www.montsame.mn

Ulaanbaatar /MONTSAME/. On February 2, Prime Minister of Mongolia L.Oyun-Erdene, accompanied with government officials met with representatives from business entities and non-government organizations engaged in the construction industry in the country.
At the outset of the meeting, the newly-appointed Prime Minister highlighted that the government of Mongolia will give all round support to implement its policy to provide its population with housing accommodations. “For instance, a working group will be formed composed of representation from all sides in connection with the development of ‘Youth – 1, 2, and 3’ public housing projects of apartment complexes.”
Citizens who are provided with opportunities to live in housing apartment and access to quality healthcare services and educated are the key to build a ‘wealthy’ middle class, considers the PM.
After briefly introducing about Singapore’s experience in public housing, PM Oyun-Erdene exchanged views on how to achieve productive cooperation through public-private partnership with the participants of the meeting, and heard their views on pressing issues.
Representatives from the Mongolian National Construction Association assured that more than 160 entities and 100,000 employees are committed to contribute to carry out the government’s goal to provide 150,000 household families with housing, which was reflected in the government’s action plan. The representatives further stressed the importance of upgrading and expanding urban infrastructure and services and tackling issues surrounding property and land use in order to put the goal to increase apartment areas into action.
Mayor of Ulaanbaatar city D.Sumiyabazar who was present at the meeting noted that the capital city has pledged to provide its citizens with green and affordable housing apartments equipped with advanced technologies and that correspond with their income.
Minister of Finance B.Javkhlan assured that the ongoing housing mortgage program will continue as normal in the next four years and around MNT 60 billion of loan is expected to be disbursed to borrowers each month, and advised the construction companies to arrange their working plan in accordance with this.
After hearing the positions of all sides at the meeting, Prime Minister Oyun-Erdene has informed that a working group will be established, headed by Chief of Cabinet Secretariat Ts.Nyamdorj and comprised of representatives from corresponding government ministries, the Bank of Mongolia and nongovernmental sector.
He highlighted that young families in Mongolia as well as more than 200,000 families living in Ger districts in Ulaanbaatar city often find it hard to purchase apartments under the government’s housing mortgage program with 30-percent down payment and vowed to implement a long-term policy with 9 goals and 47 targets, which seeks to solve urban infrastructure challenges and build satellite cities in areas located 25 kilometers within Ulaanbaatar city, such as Bagakhangai, Terelj, Aerocity, Baganuur, Emeelt and so forth. When doing so, development of the satellite cities will be shaped under various categories of tourism, agriculture and trade, etc.
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MNT 1.7 trillion to be spent in 2021 on curbing the pandemic www.montsame.mn

Ulaanbaatar /MONTSAME/ In 2020, MNT 2.4 trillion was spent from the state budget on preventing and combating COVID-19 pandemic and reducing its adverse impacts to the society and economy while MNT 1.7 trillion is budgeted for this year.
At its irregular meeting dated on February 1, the Financial Stability Council discussed this matter as well as measures taken within it by the Government, the Bank of Mongolia (BoM) and the Financial Regulatory Commission (FRC), their results, current condition of thestate budget and economy and further planned actions.
In addition to how to effectively activate economy in the future, they talked over the outcomes of the ongoing decisions including decreasing monetary policy rate and banks’ reserve requirement ratio each to 6 percent, putting off loan repayment by the citizens and entities until July 1, 2021, postponing repayment of mortgage loan and encouraging SMEs and non-mining exports by providing loan source with long-term re-financing.
Minister of Finance B.Javkhlan, President of the BoM B.Lkhagvasuren, Chairman of the FRC D.Bayarsaikhan, Executive Director of the Deposit Insurance Corporation D.Duulal and other officials attended the meeting.
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UK makes formal request to join trans-Pacific trade deal www.reuters.com

LONDON (Reuters) - Britain made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Monday, seeking membership of the 11-country deal to open new avenues for post-Brexit trade.
Announcing the move, trade minister Liz Truss said it would position Britain “at the heart of some of the world’s fastest-growing economies”.
The request comes on the first anniversary of Britain’s formal departure from the European Union before a transition period that ended at the end of 2020.
Britain is now adapting to the new terms of trade with the European Union, where frictionless trade has been replaced with a thin agreement that, in many cases, is making exporting to the EU more complicated and expensive
The CPTPP removes 95% of tariffs between its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.
Britain has argued that the principle benefit of leaving the EU is the freedom to strike trade deals around the world, and is moving quickly to try and find a consensus on the need to revitalise global trade after a period of increased nationalism.
Reporting by Michael Holden, writing by William James; editing by Costas Pitas and Kate Holton
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Gazprom Sets Record High Gas Exports to Europe www.themoscowtimes.com

Russia’s gas exports to Europe hit a record high in January, according to analysts at VTB Capital, as pressure over the controversial Nord Stream 2 pipeline continues to mount.
Gazprom — Russia’s state-controlled monopoly gas exporter — delivered 19.4 billion cubic meters (bcm) to Europe in January, the Interfax news agency reported Monday. That is a 45% increase in deliveries compared with the same month in 2020, and a record high for monthly European shipments, VTB Capital analyst Dmitry Loukashov said.
At current spot prices for gas, the deliveries have a market value of more than $4.5 billion.
The record comes as Western pressure on Germany to ditch the Nord Stream 2 pipeline grows following the poisoning and arrest of Kremlin critic Alexei Navalny. European ally France on Monday added its voice to those urging Berlin to ditch the 10-billion-euro project, which is almost complete but has been frustrated by multiple U.S. sanctions efforts to stop Western ships and insurance companies cooperating with the construction.
The pipeline would double Gazprom’s capacity to pipe gas directly to Germany under the Baltic Sea, reducing reliance on the current transit route through Ukraine. Opponents to the project say it has a geopolitical element and would increase Europe’s reliance on Russia and the Kremlin for its energy supplies.
Gazprom’s shipments to China, which commenced at the end of 2019 through the high-profile Power of Siberia pipeline, also continued to rise, Loukashov noted, surpassing contracted volumes to hit 1bcm in January.
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Mongolia's COVID-19 cases surpass 1,800 www.xinhuanet.com

Feb. 1 (Xinhua) -- Mongolia on Monday reported 35 new COVID-19 cases in the last 24 hours, bringing its total infections to 1,814, the country's National Center for Communicable Diseases (NCCD) said.
The latest confirmed cases were locally transmitted or detected in the country's capital Ulan Bator, the NCCD said in a statement.
Meanwhile, 25 more patients were discharged from hospitals after full recovery, bringing its total recoveries to 1,358, it said.
The Asian country has recorded two COVID-19-related deaths since it confirmed its first case of COVID-19 in March 2020. Enditem
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The first working group meeting for developing Integrated National Financing Framework for sustainable development held www.mn.undp.org

Ulaanbaatar, 1 February 2021 – The integration and inclusion of Sustainable Development Goals (SDGs) in the national development goals and priorities is vital in accelerating SDGs achievement in Mongolia by 2030. Ministry of Finance and UNDP led technical working group on developing an Integrated National Financing Framework (INFF) for sustainable development organized its first meeting. With the support from United Nations and European Union, increasing number of countries including Mongolia are pioneering the INFF development nationally.
The working group facilitates participation of wide range representatives including development financing, policy makers, international organisations and private sector to generate and engage in more frequent dialogue among these representatives who are driving national development.
INFF will support aligning of the national development policies with financing through mobilizing private sector resources for national development while enhancing the efficiency of various public financial sources to accelerate the achievement of the SDGs and national development priorities.
The financing strategy will build on the ongoing public financial management reform with strategic focus on private sector financing. The private sector financing, prioritized in Mongolia’s INFF development, can be effectively leveraged to address many of the development challenges including creating jobs, promoting businesses and investment and addressing the climate-related risks and challenges.
‘The Government of Mongolia is placing significant importance to the development of INFF and included it in the Government’s Action Programme 2020-2024 to be developed and implemented in partnership with various stakeholders under the Ministry of Finance’s leadership” said Ms. S. Mungunchimeg, the Deputy Minister of Finance.
“The INFF development is very timely as Mongolia and many others are facing formidable challenges due to Covid-19 pandemic that is threatening not just to slow down but to roll back Mongolia’s progress toward the SDGs. The INFF will have to play a vital role in the coming years in mitigating and addressing these challenges” said Nashida Sattar, UNDP Mongolia Deputy Resident Representative.
The working group is planning to present the draft INFF roadmap in June 2021.
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UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet. Learn more at mn.undp.org or follow at @UNDPMongolia.
For media inquiries:
Erdenesukh Otgonbayar
Communications Analyst | UNDP | Tel: +976-
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Opening of New IMF Regional Capacity Development Center for the Caucasus, Central Asia, and Mongolia www.imf.org

Washington, DC: The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center. The CCAMTAC is the newest addition to the IMF’s global network of now 17 regional capacity development centers. Following the signing of the Letter of Understanding between the Governor of the National Bank of Kazakhstan Erbolat Dossaev and the IMF Managing Director Kristalina Georgieva on December 14th of 2020, the inaugural CCAMTAC steering committee meeting met on January 28 and endorsed the launch of the center starting February 1, 2021, as well as a work program for its first few months of operation.
Based on a comprehensive assessment of member countries’ Capacity Development priorities, the CCAMTAC will host seven long-term advisors focusing on the following areas:
· Macroeconomic analysis: macroeconomic frameworks for financial programming, forecasting and policy analysis.
· Fiscal policy: public financial management, macro-fiscal issues, revenue administration.
· Monetary and financial sector: central bank operations and financial regulation and supervision.
· Macroeconomic statistics: national accounts, prices, and government-finance and debt statistics.
The center will cooperate closely with IMF Headquarters and regional training centers, in particular the Joint Vienna Institute (JVI), Singapore Training Institute (STI) and China-IMF Capacity Development Center (CICDC), to maximize synergies between training, hands-on technical assistance, and peer exchanges.
Kazakhstan, the host country, is a major contributor to the CCAMTAC, along with other member countries, development partners, and the IMF. Switzerland, Korea, Poland, and the Asian Development Bank are the first development partners to have contributed, and additional contributions to the center’s five-year budget are expected soon.
Ms. Aliya Moldabekova, Deputy Chairperson of the National Bank of Kazakhstan and Chairperson of the inaugural steering committee meeting noted “that Kazakhstan will be honored to host the center in Almaty and looks forward to its physical opening and a close collaboration in the region”.
Mr. Jihad Azour, Director of the IMF’s Middle East and Central Asia Department stressed “the IMF’s commitment to step up its strategic engagement with the region through the CCAMTAC, and to make it a center for innovation”.
In summarizing CCAMTAC’s vision, IMF Deputy Managing Director Sayeh noted “together we want to set-up a modern 21st century regional capacity development center. By collaborating closely, I am confident that CCAMTAC will be able to address existing and emerging needs and contribute to a strong and sustainable recovery from the unprecedented crisis that has affected us all.”
Background Information
A global network of now seventeen regional technical assistance and training centers anchor IMF support for economic institution building and are complemented by global thematic funds for capacity development. They are financed jointly by the IMF, external development partners, and member countries.
Follow IMF Capacity Development on Social Media:
Twitter: @IMFCapDev Facebook: IMFCapacityDevelopment
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: NADYA SABER
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
@IMFSpokesperson
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Parliament adopts amendments to Banking Law www.montsame.mn

Ulaanbaatar /MONTSAME/. At its plenary session held on January 28, 2021, State Great Khural, parliament of Mongolia, approved amendments to the Banking Law of Mongolia. 90.9 percent of 55 members present at the meeting of the parliament’s autumn session voted in favor of the changes to the Banking Law.
Amendments to several laws, including the Law on Savings at Banks, Law on Central Bank, Banking Sector Stability Law and other regulations that accompany the amendments to the Banking Law were also approved at the parliament meeting.
Effective implementation of the latest amendments to the Banking Law will result in reducing the bank ownership concentration and ensure balance of ownership-management-control in the banking structure.
Risks associated with concentration on shareholders and executive management are expected to lower thanks to the amendments, and enhance public control and independence of banking supervision, bring more transparency and accountability with the help of public ownership in the banks.
In Mongolia, commercial banks’ ownership concentration is viewed as too high because up to 3 shareholders own more than 90 percent of total shares in commercial banks in the country. By the end of November 2020, total assets of the Mongolian banking sector were estimated at MNT 35.8 trillion and around 90 percent of them are public and over 10 percent are owned by bank shareholders, entailing the improvement of governance in the banking sector and strengthening of banks’ transparency.
According to the Bank of Mongolia - the central bank, the following four main principles were abided when developing amendments to the Banking Law:
Banks will be made publicly traded. There are a total of 12 banks operating within the country’s banking sector and 5 of them are considered as systemically influential or important. In compliance with the amendments, the five influential banks will have to transform into a public company through an initial public offering on stock market before June 30, 2022. Other banks can go public or remain as privately held company at their own discretion.
Ownership concentration will be reduced. The revised law allows each shareholder and their associates to own not more than 20 percent of total shares issued by a commercial bank. All banks in the country must fulfil this obligation before December 31, 2023.
The law amendments also provide provisions to make sure that the order for debt settlement are better delineated and the rights of bank customers are protected when banks go into liquidation. Citizens and household families who are deposit account holders in a liquidated bank get first priority to receive their money before the legal entities.
Characterizations of influential banks in the banking system are described in more details in the revised law. As per the Banking Sector Stability Law, an influential bank is defined as a bank which accounts for more than 5 percent in the total banking system in terms of assets. Now, the amendments rule that the banks’ influence is determined on the basis of their assets, their percentage in the transaction flow in the payment system, core activities, the state of their relevance, the number of their customers and other features, instead of their share in the banking system only.
As the banks now stand in need to be listed on stock market, more complex criteria will be laid down on their transparency, capital and earnings as well as corporate governance to conform to the revised Banking Law, reports the central bank.
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Total outstanding loans reached MNT 17 trillion www.montsame.mn

Ulaanbaatar /MONTSAME/. It was reported during the press conference of the Bank of Mongolia held on January 29 that the total outstanding loans reached MNT 17 trillion as of the end of last year.
Of the total outstanding loans, MNT 8.5 trillion were individuals’ loans, while MNT 7.9 trillion were corporate loans. 11.8 percent of total loans were overdue and 7.4 percent were non-performing loans.
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Oyu Tolgoi announces fourth quarter 2020 performance results www.montsame.mn

On February 1, 2021, Oyu Tolgoi released its latest performance scorecard, highlighting key 2020 performance metrics, providing an update on the underground development, and its ongoing COVID-19 mitigation measures. The updated 2020 Performance Scorecard can be viewed here.
Oyu Tolgoi has contributed US$11.6 billion of in-country spend between 2010 and 2020, and paid US$294 million in taxes, fees and other payments in 2020. Since 2010, Oyu Tolgoi has paid US$2.9 billion in taxes, fees and other payments, including VAT to Mongolian suppliers.
Oyu Tolgoi chief executive officer, Armando Torres, said, “Oyu Tolgoi has delivered strong results in 2020, building on a solid safety, environmental, and operational performance. We have also advanced the underground mine development, and exceeded our copper and gold production guidance. All these results were achieved while managing the challenging market conditions and COVID-19 pandemic. Oyu Tolgoi is proud to deliver these achievements together with our employees, communities, contractors, suppliers and shareholders”.
In 2019, Oyu Tolgoi’s open pit operations continued uninterrupted and partnered with 770 suppliers in 2020, including 499 national businesses, accounting for 72 per cent of the total operations procurement spend. The company maintained excellent water-conservation practices, achieving the highest water use efficiency rates per tonne of ore production, using 0.37 cubic meters of raw water per tonne of ore processed compared to our target of 0.55 cubic meters. Achieved an average water-recycling rate of 87.7 per cent, compared to a target of 80 per cent.
The underground lateral development has now reached 53,000 equivalent metres (eqm), with development for the first drawbell substantially complete. The project has now exceeded one million tonnes of material moved through Shaft 2 since commissioning. Scheduled annual maintenance of the shaft was successfully completed in October using remote technology.
Shaft 4 is now out of care and maintenance and the focus is on completing all construction and commissioning activities for load testing and verification, and for sinking to commence in early 2021. Shaft 3 remains on care and maintenance, with some minor construction.
On 16 December, Rio Tinto confirmed the definitive cost and schedule estimate for Panel 0 with first sustainable production expected to commence in October 2022, and development capital of US$6.75 billion, in line with previously announced ranges. At peak production, Oyu Tolgoi is expected to operate in the first quartile of the copper cash cost curve and, by 2030, is expected to be the fourth largest copper mine in the world.
It is expected to produce 480,000 tonnes of copper per year on average, from 2028 to 2036, from the open pit and underground. The underground Ore Reserve has an average copper grade of 1.52 per cent, which is more than three times higher than the open pit Ore Reserve, and contains 0.31 grammes of gold per tonne.
Rio Tinto reported it has been engaging with the Government and Turquoise Hill Resources (TRQ) in good faith on items raised in Resolution 92 passed by the Mongolian Parliament in December 2019, and remains open to improving the UDP to increase the benefits of Oyu Tolgoi for all shareholders.
In accordance with Mongolian regulation, the Government of Mongolia is required to review and register the updated Resources and Reserves submitted in February 2020, and accept the updated feasibility study (OTFS20) completed in July 2020.
The OTFS20, together with the updated definitive estimate, forms the basis for the uplift in the overall project budget that requires approval from all shareholder representatives on the Oyu Tolgoi Board prior to the depletion of the previous budget and the under-cut decision.
Rio Tinto reported it remains committed to implementation of the funding plan in the Memorandum of Understanding (MOU) agreed with TRQ in September 2020.
All parties continue to work together to achieve key power milestones including an extension of existing power supply arrangements by 1 March 2021, and the signing of a power purchase agreement (PPA) with the state-owned power company for domestic power supply by 31 March 2021. In October 2020, the Mongolian Ministry of Energy (MoE) established a Working Group to negotiate the PPA with Oyu Tolgoi, who will continue to work with the government and the MoE Working Group to agree on an outcome that will ensure secure, stable and reliable long-term power supply to the mine.
To see more details on the operational and production and underground development update, production data and other timely updates, visit Oyu Tolgoi's webpage here.
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