1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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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Decisions Made at The Cabinet Session www.montsame.mn

During its regular session on June 14, 2023, the Cabinet made the following decisions:
Draft Law on Amending the Law on Immunization to be Submitted to the State Great Khural
During the Session, the Cabinet discussed a draft law on Amending the Law on Immunization and agreed to submit it to the State Great Khural.
The draft law has been developed to add vaccines against hepatitis A, pneumococcal, and human papillomavirus infections to the list of mandatory vaccinations.
Under the “Wasp” Operation, operational investigative activity is to be intensified
One of the operations of the “Five W” anti-corruption campaign is the “Wasp” operation, which aims to bring overseas escapers back to court and hold them accountable. At the Cabinet session, Minister of Justice and Home Affairs Kh. Nyambaatar presented some measures that have been taken under this operation.
In this regard, the Prime Minister tasked the line ministry to intensify the operational investigative activities.
Inflation Rate and Measures to Control Price Rise Presented
During the session, another presentation was delivered by Deputy Prime Minister and Minister of Economy and Development Ch. Khurelbaatar on the inflation rate and measures taken to control price rises. According to the National Statistics Office data, the inflation rate is 11.3 percent as of May 2023. However, it has been on a downward trend since its peak at 16.1 percent in June 2022. It is mainly due to the factors, such as the increased foreign exchange reserves, and stabilization of the foreign exchange market that leads to the lightened pressure of MNT depreciation and the reduced price of imported goods.
Even though the inflation rate has been falling, it is still higher than the target level proposed by the Bank of Mongolia. Price rises in wheat flour, meat, and milk have stimulated the stubborn inflation rate. As these three staple food products constitute 40 percent of the inflation.
The Government proposed amendments to the 2023 State Budget to secure the income of children, the elderly, disabled citizens, and public servants, improve the living environment of citizens and reduce urban congestion. As a result of that, there is an expected risk of a surge in the inflation rate.
Therefore, within the scope of controlling inflation and increasing economic production, the Minister proposed necessary measures, including preparing the monthly budget balance without deficit, trading meat and other agricultural products through the agricultural exchange, improving the efficiency of the animal husbandry sector, and introducing a digital system for special licenses.
In connection with the presentation, the Prime Minister was mandated to formulate a draft resolution of the Government on “Measures to ensure the stability of macroeconomics” and get it ready to be discussed at next week’s session.
Brief News:
Minister of Justice and Home Affairs Kh. Nyambaatar was tasked with formulating a draft resolution on “Measures to Take Within the Framework of the General Agreement on Cooperation Between Mongolia and China on Gashuunsukhait-Gantsmod Cross-Border Railway and Coal Purchase” and getting it discussed at the Cabinet session.
Minister of Economy and Development Ch. Khurelbaatar was tasked with developing an Action Plan for organizing the “Mongolian Economic Forum-2023” and ensuring its smooth implementation.
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Chinese soldiers to join multinational peacekeeping exercise in Mongolia www.xinhuanet.com

At the invitation of the Mongolian defense ministry, the Army of the Chinese People's Liberation Army will send troops to Mongolia in mid-June to join the Khaan Quest 2023 multinational peacekeeping exercise, a Chinese defense spokesperson said Friday.
Zhang Xiaogang, a spokesperson with the Ministry of National Defense, made the remarks during a regular press conference.
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Bus carrying foreign tourists crashes in Mongolia www.xinhuanet.com

A tour bus carrying about 30 foreign tourists crashed on Friday afternoon in the northern outskirts of Ulan Bator, the Mongolian capital, authorities said.
Twenty-six Nepali tourists were sent to hospital for treatment after the accident, which occurred in the Songinokhairkhan District of Ulan Bator, local media reported.
Among the Nepali tourists, four suffered severe injuries and two were in serious conditions, the National Traumatology and Orthopedics Research Center said in a statement.
The cause of the accident is under investigation, the National Police Department said, urging drivers to comply with traffic rules to avoid accidents as the peak season of summer tourism is coming.
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42,000-year-old Mongolian pendant may be earliest known phallic art www.science.org

The human predilection for phallic imagery is well documented—just look at the scrawling in any high school locker room. A pendant recently found in northern Mongolia suggests our species has been artistically recreating the penis for at least 42,000 years. According to researchers behind a study of the pendant, published this week in Nature Scientific Reports, the 4.3-centimeter piece of carved graphite is the “earliest-known sexed anthropomorphic representation.”
If so, the pendant would predate cave art at Grotte Chauvet in France that depicts vulvas and dates back 32,000 years. It would even edge out the Venus of Hohle Fels statue found in southwestern Germany that may be as old as 40,000 years. But not everyone is convinced that the Mongolian pendant represents a phallus.
The pendant was unearthed in 2016 at site called Tolbor in Mongolia’s northern Khangai Mountains. Radiocarbon dating of organic material found near it puts the artifact at between 42,400 and 41,900 years old. A fragment of an ostrich eggshell pendant, ostrich eggshell beads, other stone pendants, and animal bone pieces were also found in the same sedimentary layer.
Solange Rigaud, an archaeologist at the University of Bordeaux and the study’s lead author, thinks the strongest argument for the pendant as a phallic representation comes from the features its maker focused on. “Our argument is that when you want to represent something abstractly, you will choose very specific features that really characterize what you want to represent,” she says. For example, the carver appears to have taken care to define the urethral opening, she notes, and to distinguish the glans from the shaft.
A combination of microscopy and other surface analyses show that stone tools were likely used to carve out the grooves for both the urethra and the glans. The pendant was also discovered to be smoother on the back than the front; a string was likely fastened around the glans, suggesting the ornament may have been worn around the neck. The amount of wear on the surface suggests it was likely handed down across multiple generations. Graphite wasn’t widely available near Tolbor, suggesting the pendant may have come from elsewhere, perhaps through trade.
But phallic imagery is often in the eye of the beholder, “like a face in a cloud,” says Curtis Runnels, an archaeologist at Boston University who was not involved in the study. He called the pendant a “small and rather shapeless object” and said he “would need to be convinced” that it was intended to represent a penis.
Rigaud concedes it’s ”very tricky to say” what the object was meant to symbolize. Its small size would have made it difficult for anyone other than the wearer to identify at a distance, so it may have held some personal meaning to its maker or wearer, she says.
Francesco D’Errico, an archaeologist at Bordeaux who was not involved in the research but shares a lab with several of the authors, concedes that the likeness is a matter of interpretation, but thinks Rigaud and her team are on the right track. “The small size of the object, the exotic provenance of the raw material, and the … modifications are quite telling,” he says. “I think the interpretation holds.”
If the pendant does reflect a phallus, it reinforces the notion that some of the earliest forms of symbolic thinking are found on personal ornaments, the authors say. The oldest jewelry includes shell beads found in Africa, dating back at least 60,000 years and perhaps up to 142,000 years. The pendant is “important because it highlights very specific cognitive capacities in our lineage”—that is, the ability to attach meaning to symbolic representations—which is one of the hallmarks of being human, Rigaud says.
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China, Mongolia to fight sandstorms amid calls to curb economic and ecological harm www.scmp.com

Beijing and Ulaanbaatar have stepped up joint efforts to prevent sandstorms that swept across northern China earlier this year, with a Chinese delegation set to visit Mongolia from later this month to jointly work on solutions, according to information obtained by the Post.
A delegation led by Nyamosor Batkhuu, an environment and green development policy adviser to Mongolian President Ukhnaa Khurelsukh, and forestry department head Byambasuren Oyunsanaa visited China for six days in early May following an invitation from the National Forestry and Grassland Administration.
During the trip, the two countries signed a memorandum of understanding after discussions that took place in China’s Inner Mongolia autonomous region.
A Chinese research team has now been invited to visit Mongolia between June 25 and July 10 to assess desertification issues in Mongolia.
A joint working group will then be formed to facilitate the establishment of the China-Mongolia Cooperation Centre for Combating Desertification in Mongolia, the Post has learned.
China’s forestry authority will also arrange for Chinese experts to work in the centre, which will be jointly run by the two countries.
And the China International Development Cooperation Agency will support a donation programme, demonstration centres, desertification monitoring stations, joint research and capacity building training for the centre.
China’s National Forestry and Grassland Administration did not respond to request for comment.
China’s Ministry of Ecology and Environment previously attributed the severe sandstorms – which typically hit the capital city and surrounding areas in the spring – to Mongolia.
Last week, during a visit to Inner Mongolia, President Xi Jinping demanded urgent action and for China to “stay ahead of the curve” after some severe spring sandstorms cloaked Beijing and China’s northern regions in March and April, with some even affecting the eastern areas including Shanghai.
“Desertification, sand and dust storms, as well as soil erosion, cause ecological damage and restrict the economic development of the northern part [of China],” Xi said.
“In the past two years, China’s northern part has experienced more sandstorms due to the impact of climate change. The long-term, difficult and uncertain prevention work is urgent and we need to stay ahead of the curve.”
Sumiya Chuluunbaatar, a non-resident fellow at the Mongolian Academy of Sciences’ Institute of International Studies, said China has been combating desertification and sandstorms in its autonomous regions of Inner Mongolia, Ningxia and Xinjiang, as well as Gansu province, and that there is a need to strengthen cooperation between Beijing and Ulaanbaatar.
“The shortage of water resources restricts the development of Mongolia, especially in the southern Gobi region where mining is developed, which requires water resources,” he said.
China’s decades-long experience of its south-to-north water diversion project – that involves drawing water from southern rivers and supplying it to the dry north – will also be relevant to Mongolia, Chuluunbaatar added.
Chuluunbaatar also said a carbon emissions trading system is another potential field for collaboration, as it is an area that has yet to be developed in Mongolia.
Poor vegetation growth in the Gobi Desert region of Mongolia causes the sandstorms, which could lead to a loss of 0.27 per cent from Mongolia’s national gross domestic product due to a decline in crop revenues, according to an academic paper by visiting research fellow Hayatullah Ahmadzai at the University of Nottingham.
“Increases in the frequency of sand and dust storms could reduce agricultural productivity by between 1.5 per cent to 24 per cent, depending on the crop,” he said in the paper that was released in February.
In addition to the joint effort with China, the Mongolian government is also cooperating with mining giant Rio Tinto – the largest foreign investor in the country – to save 1.1 billion trees by 2024 as the country is fighting against climate change and desertification.
The three-year, US$2.3 million Healthy Forest Project, which was launched in 2022, is set to create “resilient forests” that can withstand defoliation and improve their adaptation to pests that can “foster sustainable economic development by providing long-term and healthy forest resources”.
In April, the sandstorms in northern China also shrouded skies from South Korea to Japan, bringing the first yellow dust to Tokyo since 2021.
Xinjiletu Yang, a professor in economics and management at the Inner Mongolia University of Technology, said in a research paper released in July that sand and dust storms will decrease visibility on roads, leading to traffic accidents, while they will also spread harmful substances carried in dust and pollen that induces health issues, in addition to reductions in crop yields.
BY:
Kandy Wong returned to the Post in 2022 as a correspondent for the Political Economy desk, having earlier worked as a reporter on the Business desk. She focuses on China's trade relationships with the United States, the European Union and Australia, as well as the Belt & Road Initiative and currency issues. She graduated from New York University with a master's degree in journalism in 2013. An award-winning journalist, she has worked in Hong Kong, China and New York for the Hong Kong Economic Journal and the Financial Times, E&E News, Forbes, The Economist Intelligence Unit, Nikkei Asia and Coconuts Media.
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ADB, Invescore Sign $10 Million Loan to Boost MSME Growth in Mongolia www.adb.org

The Asian Development Bank (ADB) and Invescore NBFI JSC have signed a $10 million loan to support job creation and sustainable development in Mongolia by helping improve access to finance for micro, small, and medium-sized enterprises (MSMEs).
The financial package comprises $5 million from ADB’s ordinary capital resources and a further $5 million in B-loans with ADB as the lender on record. A portion of the $5 million A-loan from ADB is expected to be disbursed in togrog. At least 30% of the funds are earmarked for women-owned MSMEs.
“MSMEs play a vital economic role in Mongolia, but they find it hard to access credit so they can invest in their growth and make an even greater contribution,” said ADB Director General for Private Sector Operations Suzanne Gaboury. “By supporting Mongolia’s nonbank financial institution (NBFI) sector, ADB’s assistance will help to improve access to finance for these businesses, and support job creation and inclusive growth in the country.”
MSMEs have a critical role in the sustainable development of Mongolia’s economy, employing 72% of the workforce and accounting for 18% of gross domestic product. Their potential to generate even more jobs and wealth is hamstrung by limited access to finance. ADB’s loan to Invescore, its first direct loan to an NBFI in Mongolia, will help improve the company’s funding profile and support its expansion of finance to MSMEs, especially those run by women.
“As a leader in the nonbanking sector, we aspire to lead by example, operating responsibly and promoting sustainable finance by supporting socially and environmentally responsible customers,” said Invescore NBFI Chief Executive Officer Bayasgalan Dalaijamts. “Aligned with our aspiration, I am very much delighted and looking forward that Invescore will be contributing to the development of MSMEs in Mongolia with the financing and assistance from ADB.”
Invescore was established in 2016 and became the largest NBFI in Mongolia. As of the end of 2022, the company has total assets of 356.3 billion togrog, with 15 branches in the capital Ulaanbaatar and 1 in the city of Erdenet in northern Mongolia.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
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Zeolite, Gold&Copper, REE, Graphite, Natural spring water, Land management, Tourist camp, Construction material and Cashmere related B2B/Investment opportunity offers posted www.mongolianbusinessdatabase.com

As noticed last week, MBD started to post the selected business offers on its website and the "B2B offers, Ads and events" section at the bottom of the news bulletin according to its criteria and long-lasting business correspondence/relations with direct owners of the businesses.
You can review the newly added Zeolite, Gold&Copper, REE, Graphite, Natural spring water potential deposits, Land management in UB or/and the area close to UB, Tourist camp development, construction material sales, and Cashmere product related B2B offers and investment/financing business opportunities in the following section and may send your EOI by mail or contact us for information in detail.
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Elixir Energy Eyes Production of Green Hydrogen in Mongolia and Piping it Next Door to China www.hydrogen-central.com

Elixir Energy eyes production of green hydrogen in Mongolia and piping it next door to China.
Elixir Energy Ltd (ASX:EXR) is focused on developing Gobi H2 – Mongolia’s first green hydrogen project (i.e. one where hydrogen is produced from renewable electrical energy sources).
The company’s rationale behind the Gobi H2 project is that producing green hydrogen in Mongolia and piping it to China is more energy efficient than transmitting power to China for hydrogen production.
hydrogen central advertise
The strength of the concept behind the project was demonstrated in mid-2022 when Elixir announced the signing of a memorandum of understanding (MOU) over Gobi H2 with Japan’s SB Energy Corp (now Terras Energy – 85% owned by Toyota Tsusho Corp).
Elixir procured a pre-feasibility study (PFS) from global consulting firm AECOM earlier this year to give the parties the confidence to advance the project – they are now aiming to enter into a binding JV later this year.
The PFS evaluated various configurations of wind, solar, battery and a grid connection to support a 10 MW (megawatt) electrolyser located at a site proximate to Terras Energy’s existing operated wind farm in the South Gobi region.
Emerging regional hydrogen infrastructure
The location of the Gobi H2 project provides ready access to the rapidly growing Chinese hydrogen markets.
Elixir commissioned a ‘Hydrogen in China’ market study from global energy consultants Rystad Energy which concluded “the scale of ramp up will likely open up imports from beneficial production sites like Elixir’s”.
Regional hydrogen transmission infrastructure is already emerging, including Sinopec’s recent announcement of a 400-kilometre hydrogen pipeline in inner Mongolia.
Advantages of pipeline
Around two-thirds of the cost of producing green hydrogen is the cost of renewables.
Elixir commissioned a ‘Hydrogen in China’ market study from global energy consultants Rystad Energy which concluded “the scale of ramp up will likely open up imports from beneficial production sites like Elixir’s”.
Regional hydrogen transmission infrastructure is already emerging, including Sinopec’s recent announcement of a 400-kilometre hydrogen pipeline in inner Mongolia.
Advantages of pipeline
Around two-thirds of the cost of producing green hydrogen is the cost of renewables.
Hydrogen has traditionally only been used in niche markets such as oil refineries – and has generally been produced from fossil fuels, with resultant large CO2 emissions.
The more recent pursuit of green and blue hydrogen (the latter is still derived from fossil fuels but the CO2 emissions are captured and stored underground) is driven solely by emission reduction aims.
Globally this is recognized by emerging standards that must be met for hydrogen to be deemed green or blue – each major jurisdiction is developing its own rules, but these are converging towards targets based on maximum CO2 emissions per kg of H2 produced.
Unless a green H2 project can meet these targets – it does not meet its intrinsic aims.
Projects which involve grid connections to electricity systems with still significant fossil fuel use (especially for production on the margin) may well struggle to be deemed green.
Elixir’s analysis illustrates that the Gobi H2 pilot project meets the green definitions of the main global jurisdictions – including China.
This will be critical to procure customers and project finance support.
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Foreign Ministries of Mongolia and Estonia hold political consultations in Ulaanbaatar www.akipress.com

The third political consultation between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs of Estonia took place in Ulaanbaatar on June 13. The meeting was chaired by Director of the European Department Battungalag Ganhuurai from the Mongolian side and Director of Asia and the Pacific Region DepartmentMati Murd from the Estonian side.
The sides exchanged views on the issues of e-government, information technology, economy, culture and tourism with the aim of expanding and strengthening relations and cooperation between Mongolia and Estonia.
The sides confirmed readiness to carry out mutual visits at the highest level, increase the frequency of political dialogues, intensify cooperation in areas of mutual interest, such as the economy, culture and transport, and maintain business ties.
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Special APB Series on Mongolian Affairs www.eastwestcenter.org

To mark the start of the 8th International Conference of the Ulaanbaatar Dialogue on Northeast Asian Security, The East West Center in Washington has brought together an eminent group of scholars and experts on Mongolian Affairs. This special series touches upon US-Mongolian relations, the importance of the Ulaanbaatar Dialogue, and other pertinent economic and social issues.
A Mongolian Perspective of the US Indo-Pacific Strategy:
Mr. Tsogtgerel Nyamtseren & Dr. Mendee Jargalsaikhan, respectively a Research Fellow and the Dean of Research at the Institute for Strategic Studies of Mongolia, explore the questions of "why Mongolia’s importance has waned in the overall Free and Open Indo-Pacific (FOIP) strategies and if there is any room for Mongolia to collaborate with FOIP countries."
US-Mongolia Relations: Standing Strong as Third Neighbors
Michael Klecheski, a retired US Department of State Foreign Service Officer who previously served as the US Ambassador to Mongolia, a Director at the National Security Council, and held posts at US embassies in Russia and the Philippines, explains that "the current strength of US-Mongolia ties is of prime importance" as "growing Sino-Russian rapprochement raises new concerns about Mongolia’s ability to continue its balancing role with those two countries."
How the Ulaanbaatar Dialogue on Northeast Asian Security Serves as a Conflict Resolution Platform
Bolor Lkhaajav, Researcher specializing in Mongolia and Northeast Asia at The Diplomat and Founder of MONUS.Ed mentorship program, explains that "Mongolia’s geostrategic position, coupled with its democratic institutions and non-nuclear-weapons (NNW), status makes Ulaanbaatar a stable actor uniquely positioned to advance regional conflict resolution mechanisms."
Resource Management in Mongolia: Missed Opportunities and Future Prospects
Richard Pomfret, Senior Adjunct Professor in International Economics at the Johns Hopkins University and Professor of Economics Emeritus at the University of Adelaide, explains that while Mongolia is successfully balancing the influences of Russia and China, "the country has been less successful in exploiting its mineral resources and its location in the Eurasian transport network."
Progress on Women’s Economic Empowerment in Mongolia
Tsolmontuya Altankhundaga, Project Manager of The Asia Foundation Mongolia's women's economic empowerment programs, explains that "In Mongolia, significant strides have been made in advancing the status of women in various sectors of the economy as well as in government and civil society more broadly."
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