News Mongolia Loans: Former Mongolia minister in corruption probe released on bail
A former Mongolian finance minister re-arrested earlier this month as part of an investigation into corruption claims surrounding the giant Oyu Tolgoi copper mine has been released on bail, a court official told Reuters on Wednesday. Authorities are investigating the 2009 negotiations over the development of the project, then owned by Canada's Ivanhoe Mines and now managed by Anglo-Australian miner Rio Tinto . Bayartsogt was one of the signatories to the 2009 investment agreement that kickstarted Oyu Tolgoi's development.
News Mongolia Loans: IMF approves loan to Mongolia to finance reforms
BEIJING (AP) — The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports.
News Mongolia Loans: Boosting Mongolia’s smallest firms with US$ 40 million loan
The FINANCIAL -- The EBRD is providing a US$ 40 million syndicated loan to Mongolia’s XacBank for financing private micro, small and medium-sized enterprises (MSMEs) around the country. The operation will enable XacBank to continue to provide much-needed funding to MSMEs.
News Mongolia Loans: Japan to lend Mongolia ¥150 billion for airport expansion
Passenger traffic at Ulaanbaatar’s Chinggis Khaan International Airport has far exceeded expectations since it opened in 2021.
News Mongolia Loans: Mongolia Secures $100 Million ADB Loan to Strengthen Disaster Readiness
Mongolia faces risks from dzuds, droughts, floods, wildfires and earthquakes, with the scale of recent losses showing how deeply disasters affect households and the wider economy.
News Mongolia Loans: Mongolian Fintech LendMN Raises $20m to Expand MSME Loans
LendMN, Mongolia’s first fully digital lending Fintech and a unit of AND Global, said it had raised $20 million in debt financing from Lendable to scale technology-driven financial services for micro, ...
News Mongolia Loans: The Fall of the Soviet Union: Mongolia’s Path to Democratic Revolution
Because Mongolia was one of the weaker members of the economic group—in order to engage with others economically—it sought to attract foreign investment by receiving grants, soft loans ...
News Mongolia Loans: “Loan interest rates decreased by 2.5 percent”
On January 11, the State Great Khural’s Standing Committee on Economy heard a progress report for the implementation of the parliamentary resolution on the strategy to reduce loan interest rates, ...
News Mongolia Loans: Financing system to be built to support non-mining export
CEO of Development Bank of Mongolia N. Manduul and President of Mongolian National Chamber of Commerce and Industry O. Amartuvshin signed a Memorandum of Understanding on cooperation.
