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Mongolia - Latest News & Opinions

Conflicts of interest keep Mongolian child jockeys in the saddle

afp.com

Conflicts of interest keep Mongolian child jockeys in the saddle

- Mongolian courts banned them, human rights groups slammed them and the labour ministry demands they cease, but none of that has stopped Mongolia’s politicians from letting child jockeys saddle up. Despite the outcry, coaches still hire child riders to race at breakneck speeds across the freezing steppe in high stakes contests with powerful backers. The contests have been met with outrage on social media, where commenters share photos of young riders suffering painful falls from the saddle and call on authorities to enforce the court order suspending the event

Categories: Society & Culture | 
Tags: Ethics |  Corruption |  Conflicts of interest | 
Places: Mongolia |  France | 

No joy ride: Mongolian child jockeys risk their lives in dangerous horse races despite ban

straitstimes.com

No joy ride: Mongolian child jockeys risk their lives in dangerous horse races despite ban

- TSAGAAN HUTUL (AFP) - Mongolian courts banned them, human rights groups slammed them and the labour ministry demands they cease, but none of that has stopped Mongolia's politicians from letting child jockeys saddle up. Despite the outcry, coaches still hire child riders to race at breakneck speeds across the freezing steppe in high stakes contests with powerful backers. The contests have been met with outrage on social media, where commenters share photos of young riders suffering painful falls from the saddle and call on authorities to enforce the court order suspending the event

Places: Mongolia |  Singapore | 

You’re never lonely in Mongolia

gulfnews.com

You’re never lonely in Mongolia

- Each night I return home to one of the greatest luxuries available to human beings: an empty room. There is no one to speak to if I do not wish to make conversation, and no one to make demands of me as I sit idly in front of my window. I only became conscious of this privilege when I moved to Mongolia two years ago. Most of my friends there, including those living in apartments and houses, shared one room with the rest of their immediate family

Places: Mongolia |  United Arab Emirates | 

Australian University helps Mongolia's flourishing photojournalism community

smh.com.au

Australian University helps Mongolia's flourishing photojournalism community

- A scholarship program at RMIT University in Melbourne is providing rare opportunities for Mongolian photojournalists to hone their craft in Australia. The independent journalism community in Mongolia is small – the Press Council of Mongolia, the country's first independent media council, was established only in January last year – but it is vibrant and growing. "Pre-independence in 1990, Mongolia had three official government sanctioned media outlets. In 2017 there is

Categories: Society & Culture |  Education | 
Places: Oceania |  Australasia |  Australia |  Mongolia |  Victoria |  Melbourne | 

Mongolia agrees $7.8 billion economic bailout plan with IMF, others

straitstimes.com

Mongolia agrees $7.8 billion economic bailout plan with IMF, others

- ULAANBAATAR (Reuters) - Mongolia has agreed with the International Monetary Fund and other partners for a US$5.5 billion (S$7.8 billion) economic stabilisation package, according to a statement from the IMF on Sunday (Feb 19). The landlocked nation saw a double-digit annual growth rate over 2011-2013 as foreign investors rushed in to take advantage of its vast untapped mineral deposits, but it has been roiled by an economic crisis since 2016

Categories: Business | 
Tags: Economy |  Economics | 
Places: Mongolia |  Singapore |  Ulaanbaatar | 

Check out the menu for One Rooster Mongolian Bar, now open in West Midtown | Atlanta Restaurant Scene

ajc.com

Check out the menu for One Rooster Mongolian Bar, now open in West Midtown | Atlanta Restaurant Scene

- One Rooster Mongolian Bar has opened its doors in West Midtown. The fast-casual Asian concept is located in the former Real Chow Baby space at 1016 Howell Mill Road in Atlanta. One Rooster is the brainchild of Mike Blum, who founded The Real Chow Baby, which previously occupied the space. The new restaurant’s concept is described on its Facebook page as “a create your own stir-fry experience like none

Places: United States |  Mongolia |  South |  Atlantic |  Georgia |  Metro Atlanta |  Fulton |  Atlanta | 

Toxic Smog in Mongolia's Capital Worsens Amid Harsh Winter

voanews.com

Toxic Smog in Mongolia's Capital Worsens Amid Harsh Winter

- ULAANBAATAR, MONGOLIA — On most winter mornings, Setevdorj Myagmartsogt wakes up to a cloud of toxic smog blanketing his neighborhood in the Mongolian capital Ulaanbaatar, where the air quality is among the worst in the world. The city's air, which is at times far worse than Beijing's infamous smog, has become more polluted because of smoke from thousands of chimneys burning coal, wood and even trash, as poor residents try

Categories: Science & Nature | 
Places: United States |  Asia |  China |  Mongolia |  North |  Inner Mongolia |  Ulaanbaatar | 

Mongolian citizens offer cash, jewellery, horses to pay off gov't debt

nst.com.my

Mongolian citizens offer cash, jewellery, horses to pay off gov't debt

- ULAANBAATAR: Private citizens in Mongolia are donating cash, jewellery, gold and even horses to help the government make a near US$600 million payment to bondholders next month. The cash-strapped nation has been embroiled in an economic crisis brought about by a collapse in foreign investment, slowing growth in China and weak commodity prices. Its currency, the tugrik, lost nearly a quarter of its value last year. The government has been

Places: China |  Mongolia |  Malaysia |  North |  Inner Mongolia |  Ulaanbaatar | 

Brazil hopes for economic collaboration with Mongolia

akipress.com

Brazil hopes for economic collaboration with Mongolia

- The Embassy of Mongolia in Brazil held a cultural event in Brasilia to commemorate the 30th anniversary of the establishment of diplomatic relations between the two countries, reports The UB Post. Since the embassy first opened in 2014, its staff has worked to develop cooperation between the two nations in agriculture, mining, sports, and education. The embassy in Brazil is the only Mongolian diplomatic mission in South America, also working

Places: Brazil |  Kyrgyzstan |  Mongolia |  Central-West |  Federal |  Brasília | 

China says hopes Mongolia learned lesson after Dalai Lama visit

yahoo.com

China says hopes Mongolia learned lesson after Dalai Lama visit

- BEIJING (Reuters) - China said on Tuesday it hopes Mongolia has learned a lesson and will keep a promise not to invite the Tibetan spiritual leader the Dalai Lama again after his visit in November led to a chill in relations. The Dalai Lama is upheld as a spiritual leader in predominantly Buddhist Mongolia, but China regards him as a dangerous separatist and warned Mongolia before the visit that it

Places: United States |  China |  Mongolia |  North |  Beijing |  West |  South |  Tibet | 

China says hopes Mongolia learned lesson after Dalai Lama visit

reuters.com

China says hopes Mongolia learned lesson after Dalai Lama visit

- BEIJING China said on Tuesday it hopes Mongolia has learned a lesson and will keep a promise not to invite the Tibetan spiritual leader the Dalai Lama again after his visit in November led to a chill in relations. The Dalai Lama is upheld as a spiritual leader in predominantly Buddhist Mongolia, but China regards him as a dangerous separatist and warned Mongolia before the visit that it could damage

Places: United States |  China |  Mongolia |  North |  Beijing |  West |  South |  Tibet | 

China says hopes Mongolia learned lesson after Dalai Lama visit

todayonline.com

China says hopes Mongolia learned lesson after Dalai Lama visit

- BEIJING - China said on Tuesday it hopes Mongolia has learned a lesson and will keep a promise not to invite the Tibetan spiritual leader the Dalai Lama again after his visit in November led to a chill in relations. The Dalai Lama is upheld as a spiritual leader in predominantly Buddhist Mongolia, but China regards him as a dangerous separatist and warned Mongolia before the visit that it could

Places: China |  Mongolia |  Singapore |  North |  Beijing |  West |  South |  Tibet | 

Late-night barbecue, Mongolian style

thestar.com.my

Late-night barbecue, Mongolian style

- GRILLED chicken wings, crisp at the tips and juicy at the drummets. Skewers of lamb and beef so juicy you can almost feel it dribbling down your chin. Fresh squid and cockles the size of 10-sen coins, slow-cooked over a charcoal fire and dipped in fresh chilli, garlic and ginger salsa. If you go for a night out in Changkat Bukit Bintang, try to stay sober so you can enjoy

Categories: Travel & Recreation | 
Tags: Food and Drinks |  Cooking |  Meat |  Poultry |  Chicken |  Barbecue |  Chicken Wings | 
Places: Asia |  Mongolia |  S.E. Asia |  Malaysia | 

Mongolia seeks to crush fossil black market

todayonline.com

Mongolia seeks to crush fossil black market

- FLAMING CLIFFS (Mongolia) — For years, herder Gelegrash had a sideline bringing tourists to see a dinosaur skull hidden near the Flaming Cliffs in Mongolia’s Gobi desert. Then, one day, it was gone. It is one of thousands of ancient fossils that have disappeared from the country since American explorer Roy Chapman Andrews — supposedly the inspiration for the movie character Indiana Jones — discovered dinosaur eggs there nearly a

Categories: Science & Nature | 
Places: Mongolia |  Singapore | 

Latest Stories

Home / Asia / E. Asia / Mongolia
India and Mongolia plan to begin formal talks on uranium
India and Mongolia plan to begin formal talks on uranium AKIPRESS.COM - India and Mongolia plan to begin formal talks this month on trading in uranium, a mineral abundant in the northeast Asian country and a key attraction for New Delhi as it seeks a tighter partnership with nations on China's periphery, The Telegraph reported. Mongolia holds one of the world's largest reserves of uranium, which fuels nuclear plants that India is counting on to generate an ever-growing chunk of its energy pie   Read More ...
Places: Kyrgyzstan |  Mongolia |  India | 
Conflicts of interest keep Mongolian child jockeys in the saddle
Conflicts of interest keep Mongolian child jockeys in the saddle Mongolian courts banned them, human rights groups slammed them and the labour ministry demands they cease, but none of that has stopped Mongolia’s politicians from letting child jockeys saddle up. Despite the outcry, coaches still hire child riders to race at breakneck speeds across the freezing steppe in high stakes contests with powerful backers. The contests have been met with outrage on social media, where commenters share photos of young riders suffering painful falls from the saddle and call on authorities to enforce the court order suspending the event   Read More ...
Categories: Society & Culture | 
Tags: Ethics |  Corruption |  Conflicts of interest | 
Places: Mongolia |  France | 
No joy ride: Mongolian child jockeys risk their lives in dangerous horse races despite ban
No joy ride: Mongolian child jockeys risk their lives in dangerous horse races despite ban TSAGAAN HUTUL (AFP) - Mongolian courts banned them, human rights groups slammed them and the labour ministry demands they cease, but none of that has stopped Mongolia's politicians from letting child jockeys saddle up. Despite the outcry, coaches still hire child riders to race at breakneck speeds across the freezing steppe in high stakes contests with powerful backers. The contests have been met with outrage on social media, where commenters share photos of young riders suffering painful falls from the saddle and call on authorities to enforce the court order suspending the event   Read More ...
Places: Mongolia |  Singapore | 
Multistake choir performs in 'Mongolia's Got's Talent'
Multistake choir performs in 'Mongolia's Got's Talent' ULAANBAATAR, MONGOLIA. The combined Ulaanbaatar Mongolia East and West Stake choir reached the semi-finals of the second season of the nationally televised show “Mongolia’s Got Talent!” in December 2016. Seminary and institute students ages 14-28 comprised much of the choir, with the exception of a few young married adults. Approximately half of the choir members were returned missionaries. Television audiences were curious about the choir and how it made it to the national stage   Read More ...
Places: United States |  Mongolia |  West |  Mountain |  Utah |  Govisümber |  Ulaanbaatar | 
Canadian miner Kincora leads Mongolian copper rush
Canadian miner Kincora leads Mongolian copper rush AKIPRESS.COM - Canadian miner Kincora Copper plans over coming months to start exploration drilling in Mongolia, its CEO told Reuters, calling the area "one of the last frontiers" for top quality copper assets. With technologies such as electric vehicles expected to stoke demand, the mining industry is keen to discover copper reserves as existing mines get depleted. Kincora's CEO Sam Spring compared Mongolia to Chile, the world's largest copper producer, in the 1970s when it was still under-explored and said he hoped to find another Oyu Tolgoi, using a team with experience of finding tier-one copper assets   Read More ...
Places: Kyrgyzstan |  Mongolia | 
Mongolia looks to develop its downstream oil industry
Mongolia looks to develop its downstream oil industry A plan to develop oil refining capabilities could see Mongolia enhance its energy security, curb its energy import bill and broaden the scope of its manufacturing industry. The proposed refinery, to be located in the Sainshand soum (district) in the province of Dornogovi, is forecast to cost around $700m, with a further $264m to be spent on pipelines needed to bring crude to the plant from local fields, Oxford Business Group reported on March 7   Read More ...
Places: Kyrgyzstan |  Mongolia | 
You’re never lonely in Mongolia
You’re never lonely in Mongolia Each night I return home to one of the greatest luxuries available to human beings: an empty room. There is no one to speak to if I do not wish to make conversation, and no one to make demands of me as I sit idly in front of my window. I only became conscious of this privilege when I moved to Mongolia two years ago. Most of my friends there, including those living in apartments and houses, shared one room with the rest of their immediate family   Read More ...
Places: Mongolia |  United Arab Emirates | 
Mongolia struggles through financial instability
Mongolia struggles through financial instability Mongolian shares rose 4% in March according to Bloomberg's top company index, after the IMF extended another multi-year bailout for USD 440 million which can unlock an immediate additional 3 billion from bilateral and multilateral partners. China, which receives 90% of its neighbour's mineral exports, will bolster a $2 billion currency swap as part of the package, coming just five years after the expiration of the 2009's post-crisis program, reports news   Read More ...
Places: Kyrgyzstan |  China |  Mongolia |  North |  Inner Mongolia | 
Ulaanbaatar to host Mongolia Gold 2017 Conference and Exhibition
Ulaanbaatar to host Mongolia Gold 2017 Conference and Exhibition AKIPRESS.COM - Mongolia Gold 2017 Conference and Exhibition will be held on March 17 in Ulaanbaatar. The event is organized by the Mongolian Mining Exchange in cooperation with Ministry of Mining and Heavy industry, Mongolbank, BCM and HKIMA, reports news.mn. The conference will discuss a wide range of issues connected with the gold mining sector and will set goals for seeking ways to improve and stabilize the legal environment for gold mining   Read More ...
Places: Kyrgyzstan |  Mongolia |  Ulaanbaatar | 
Mongolian Ambassador presents credentials to Queen Elizabeth II
Mongolian Ambassador presents credentials to Queen Elizabeth II AKIPRESS.COM - Newly appointed Ambassador of Mongolia to the United Kingdom of Great Britain and Northern Ireland S.Bayar on March 1 presented his diplomatic credentials to Her Majesty Queen Elizabeth II at Buckingham Palace, reports news.mn. Mongolia and the United Kingdom established diplomatic relations in 1963; Ambassador S.Bayar is the 13th Mongolian Ambassador to the UK to present his credentials since then. Following the ceremony, Ambassador Bayar introduced the staff   Read More ...
Categories: Politics & Government | 
Tags: Diplomacy | 
Places: Kyrgyzstan |  Mongolia |  United Kingdom |  Ireland | 
Mongolian Foreign Minister addresses UN Human Rights Council
Mongolian Foreign Minister addresses UN Human Rights Council Mongolia's Minister of Foreign Affairs, Ts.Munkh-Orgil, has delivered remarks at a high-level segment of the 5th meeting of the 34th session of the Human Rights Council. The session is taking place in Geneva, Switzerland from February 27-March 24. In his remarks, the Foreign Minister outlined policy, actions and measures carried out by the Government of Mongolia towards the protection and promotion of human rights on a national level and in   Read More ...
Categories: Politics & Government | 
Places: Kyrgyzstan |  Mongolia | 
Mongolia, Taiwan broaden support for blind
Mongolia, Taiwan broaden support for blind The Taiwanese government donated a braille embosser to the Mongolian National Federation of the Blind (MNFB) on Wednesday to support learning experiences of the blind and visually impaired, reports The UB Post. After handing over the embosser worth $15,000, Taiwan’s representative to Mongolia Huang Kuo-Jung and his secretary discussed further directions of mutual cooperation with Head of the MNFB D.Gerel. The Taiwanese side mentioned that this was their first donation   Read More ...
Places: Kyrgyzstan |  Mongolia |  Taiwan | 
Mongolia and China extend swap agreement
Mongolia and China extend swap agreement AKIPRESS.COM - The Bank of Mongolia and the People’s Bank of China have agreed to extend the local currency swap agreement. This positive decision was confirmed during a meeting between Deputy Governor Lkhagvasuren Byadran and Deputy Governor Yi Gang on February 22 in Beijing, reports news.mn. Currently, the two central banks have conducted RMB 15 billion swaps, due to end in 2017. It is now, however, expected that the maturity   Read More ...
Categories: Business | 
Places: Kyrgyzstan |  China |  Mongolia |  North |  Beijing | 
Australian University helps Mongolia's flourishing photojournalism community
Australian University helps Mongolia's flourishing photojournalism community A scholarship program at RMIT University in Melbourne is providing rare opportunities for Mongolian photojournalists to hone their craft in Australia. The independent journalism community in Mongolia is small – the Press Council of Mongolia, the country's first independent media council, was established only in January last year – but it is vibrant and growing. "Pre-independence in 1990, Mongolia had three official government sanctioned media outlets. In 2017 there is   Read More ...
Categories: Society & Culture |  Education | 
Places: Oceania |  Australasia |  Australia |  Mongolia |  Victoria |  Melbourne | 
Camel Festival 2017 to be celebrated in Mongolia's Bulgan
Camel Festival 2017 to be celebrated in Mongolia's Bulgan The annual Camel Festival 2017 will be held on March 6 and 7 in Bulgan soum of Umnugovi Province, reports The UB Post. During the two-day event, camel polo contests, an anklebone shooting competition, photo exhibition featuring photos of Mongolian camels, and traditional music and dance performances will be organized. Camel herders from around the country will come to attend the festival with their camels. The Camel Festival has already   Read More ...
Places: Kyrgyzstan |  Mongolia |  Bulgan | 
Mongolian bond prices jump following $440 million IMF bailout
Mongolian bond prices jump following $440 million IMF bailout The price of Mongolia’s benchmark 10-year bond rose after the announcement on Sunday that the International Monetary Fund will lead a bailout the nation, Bloomberg reports. The yield declined and the price of the bonds due in 2022 rose more than 4 cents by 1:50 p.m in Hong Kong, after the news of a $440 IMF million loan package as part of a $5.5 billion bailout. The tugrik was little   Read More ...
Places: Kyrgyzstan |  Mongolia | 
Mongolian courier delivers on horseback in snow
When weather turns bad in Mongolia, it's the horses that come to rescue, as this story shows. A courier, Altan Boliger, in Bayannur League, Inner Mongolia, rode a horse to deliver packages in heavy snow on Tuesday when a massive cold front hit the region. The traditional Mongolian method left both locals as well as internet users impressed after a short video clip of Boliger and his horse was uploaded   Read More ...
Places: China |  Mongolia |  North |  Inner Mongolia |  West |  Bayannur | 
Mongolia reaffirms commitment to one-China policy
Mongolia reaffirmed its commitment to the one-China policy on Monday during the visit by the country's foreign minister, after bilateral relations were disrupted by the Dalai Lama's visit to the landlocked country in November. Hailing the Mongolian foreign minister's statement, Wang said it was important for the two countries to boost ties from a new beginning. Vice President Li Yuanchao also met with Munkh-Orgil on Monday, during which both   Read More ...
Places: China |  Mongolia |  North |  Inner Mongolia | 
Mongolia to get help from China
Observers said that since the bilateral ties are emerging from a time of political frustration, Beijing's latest help is a sincere move to assist the landlocked neighbor to diversify its economy. The measures include providing assistance and favorable loan terms to Mongolia and extending a bilateral currency swap deal that is vital to Mongolia's foreign trade and currency stability, according to a joint news conference after Wang's talks with his   Read More ...
Places: China |  Mongolia |  North |  Beijing | 
Mongolia reaffirms commitment to one-China policy
Mongolia reaffirms commitment to one-China policy BEIJING -- Mongolia reaffirmed its commitment to the one-China policy on Monday during the visit by the country's foreign minister, after bilateral relations were disrupted by the Dalai Lama's visit to the landlocked country in November. A long-standing, stable, mutually beneficial and equal relationship with China is Mongolia's primary foreign policy goal, Mongolian Foreign Minister Tsend Munkh-Orgil said in Beijing. Speaking at a joint   Read More ...
Places: China |  Mongolia |  North |  Beijing | 
Mongolia to get help from China
Chinese Foreign Minister Wang Yi meets with Mongolian Foreign Minister Munkh-Orgil (L) ahead of a meeting at the Diaoyutai State Guesthouse in Beijing, China, February 20, 2017. [Photo/VCG] Beijing will expand economic aid as ties 'ready for another start' China extended its support to Mongolia on Monday for overcoming economic difficulties, as Foreign Minister Wang Yi announced a number of measures to help the debt-ridden neighbor. Observers said that   Read More ...
Places: China |  Mongolia |  North |  Beijing |  Inner Mongolia | 
Mongolia reaffirms commitment to one-China policy
Mongolia reaffirmed its commitment to the one-China policy on Monday during the visit by the country's foreign minister, after bilateral relations were disrupted by the Dalai Lama's visit to the landlocked country in November. A long-standing, stable, mutually beneficial and equal relationship with China is Mongolia's primary foreign policy goal, Mongolian Foreign Minister Tsend Munkh-Orgil said in Beijing. Speaking at a joint press conference with Chinese Foreign Minister Wang Yi   Read More ...
Places: China |  Mongolia | 
China to expand economic aid to Mongolia
Beijing will expand economic aid as ties 'ready for another start' China extended its support to Mongolia on Monday for overcoming economic difficulties, as Foreign Minister Wang Yi announced a number of measures to help the debt-ridden neighbor. Observers said that since the bilateral ties are emerging from a time of political frustration, Beijing's latest help is a sincere move to assist the landlocked neighbor to diversify its economy. The   Read More ...
Places: China |  Mongolia |  North |  Beijing | 
Mongolia reaffirms commitment to one-China policy
BEIJING, Feb. 20 (Xinhua) -- Mongolia reaffirmed its commitment to the one-China policy on Monday during the visit by the country's foreign minister, after bilateral relations were disrupted by the Dalai Lama's visit to the landlocked country in November. A long-standing, stable, mutually beneficial and equal relationship with China is Mongolia's primary foreign policy goal, Mongolian Foreign Minister Tsend Munkh-Orgil said in Beijing. Speaking at a joint press conference with   Read More ...
Places: China |  Mongolia |  North |  Beijing | 
Wang: China offers support and help to Mongolia
Foreign Minister Wang Yi said Beijing will help Mongolia overcome its economic difficulties, and he announced a slew of measures to aid the debt-ridden neighbor. The measures include gearing up the implementation of non-reimbursable assistance to Mongolia and considering extending the bilateral currency swap deal, Wang told a media conference in Beijing on Monday after meeting with his Mongolian counterpart Tsend Munkh-Orgil. On Sunday, Mongolia agreed to implement an economic   Read More ...
Places: China |  Mongolia |  North |  Beijing | 
IMF approves terms for $5 billion loan to Mongolia
IMF approves terms for $5 billion loan to Mongolia AKIPRESS.COM - The International Monetary Fund said Sunday that it and other partners have agreed on terms for a more than $5 billion loan package to the Mongolian government to help get the north Asian country’s economy back on track, VoA reports. The deal is subject to approval by the IMF’s executive board, which is expected to consider Mongolia’s request in March. According to the terms agreed by the Mongolian   Read More ...
Places: Kyrgyzstan |  Mongolia | 
Mongolia agrees $5.5b economic bailout plan with IMF, others
Mongolia agrees $5.5b economic bailout plan with IMF, others Ulaanbaatar: Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilisation package, according to a statement from the IMF on Sunday. The landlocked nation saw its economy grow at a double-digit annual rate over 2011-2013 as foreign investors rushed in to take advantage of its vast untapped mineral deposits, but it has been hit hard by an economic crisis since 2016 due to   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
Places: Mongolia |  United Arab Emirates |  Ulaanbaatar | 
IMF agrees terms for $5 billion loan to debt-ridden Mongolia
The International Monetary Fund and other partners have agreed on terms for a more than $5 billion loan to the Mongolian government to help get the north Asian country's economy back on track.   Read More ...
Categories: Politics & Government | 
Places: United States |  Mongolia | 
Mongolia agrees to $5.5 billion economic bailout plan with IMF, others
Mongolia agrees to $5.5 billion economic bailout plan with IMF, others Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statement from the IMF on Sunday. The landlocked nation saw a double-digit annual growth rate over 2011-2013 as foreign investors rushed in to take advantage of its vast untapped mineral deposits, but it has been roiled by an economic crisis since 2016 due to government overspending and declining revenues   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
Places: United States |  Mongolia | 
IMF agrees terms for $5 billion loan to debt-ridden Mongolia
ULAANBAATAR, Mongolia (AP) — The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request in March. Under the preliminary agreement,   Read More ...
Places: United States |  Mongolia |  Ulaanbaatar | 
IMF Approves Terms for $5 Billion Loan to Mongolia
IMF Approves Terms for $5 Billion Loan to Mongolia BEIJING — The International Monetary Fund said Sunday that it and other partners have agreed on terms for a more than $5 billion loan package to the Mongolian government to help get the north Asian country’s economy back on track. The deal is subject to approval by the IMF’s executive board, which is expected to consider Mongolia’s request in March. According to the terms agreed by the Mongolian government   Read More ...
Categories: Politics & Government | 
Tags: Government | 
Places: United States |  Asia |  China |  Mongolia |  North |  Beijing |  Inner Mongolia | 
Mongolia agrees $7.8 billion economic bailout plan with IMF, others
Mongolia agrees $7.8 billion economic bailout plan with IMF, others ULAANBAATAR (Reuters) - Mongolia has agreed with the International Monetary Fund and other partners for a US$5.5 billion (S$7.8 billion) economic stabilisation package, according to a statement from the IMF on Sunday (Feb 19). The landlocked nation saw a double-digit annual growth rate over 2011-2013 as foreign investors rushed in to take advantage of its vast untapped mineral deposits, but it has been roiled by an economic crisis since 2016   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
Places: Mongolia |  Singapore |  Ulaanbaatar | 
IMF agrees terms for $5 billion loan to debt-ridden Mongolia
BEIJING (AP) — The International Monetary Fund said Sunday that it and other partners have agreed on terms for a more than $5 billion loan package to the Mongolian government to help get the north Asian country's economy back on track. The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request in March. According to the terms agreed by the Mongolian government   Read More ...
Categories: Politics & Government | 
Tags: Government | 
Places: United States |  China |  Mongolia |  North |  Beijing |  Inner Mongolia | 
IMF says it has agreed terms for $5 bn loan to Mongolia
BEIJING (AP) — The International Monetary Fund said Sunday that it and other partners have agreed on terms for a more than $5 billion loan to the Mongolian government to help get the north Asian country's economy back on track. The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request in March. According to the terms agreed by the Mongolian government and   Read More ...
Categories: Politics & Government | 
Tags: Government | 
Places: United States |  China |  Mongolia |  North |  Beijing |  Inner Mongolia | 
Red Cross makes emergency appeal for Mongolia as cold threatens herders
The International Federation of Red Cross and Red Crescent Societies (IFRC) announced on Thursday it launched an International Emergency Appeal on the same day to aid thousands of herder families in Mongolia whose livelihoods are at risk from severe winter conditions known as Dzud. The Dzud – caused by drought in the summer of 2016 and the twin impacts of winter snowstorms and freezing weather – has depleted herders' reserves   Read More ...
Categories: Society & Culture | 
Tags: Philanthropy |  Red Cross | 
Places: China |  Mongolia | 
Mongolian FM to visit China
Mongolian Foreign Minister Tsend Munkh-Orgil is to pay an official visit to China from Feb. 19 to 21, at the invitation of his Chinese counterpart. Foreign Ministry spokesman Geng Shuang said Friday that Munkh-Orgil would hold talks with his Chinese counterpart Wang Yi on cementing mutual trust, deepening cooperation and expanding people-to-people exchanges. Geng said that Munkh-Orgil would also meet with Chinese leaders. "China hopes the two countries can consolidate   Read More ...
Places: China |  Mongolia |  North |  Inner Mongolia | 
Red Cross responds as Mongolian herders struggle to survive winter Dzud amidst rising livestock deaths
Red Cross responds as Mongolian herders struggle to survive winter Dzud amidst rising livestock deaths Severe winter conditions in Mongolia, known as Dzud, are threatening the livelihoods of thousands of Mongolian herders in eastern and northern parts of the country. Dzud is caused by the twin impacts of drought in the summer, resulting in insufficient grass in pastures and low production of hay, and harsh conditions in the winter, including heavy snowfall and extremely low temperatures. More than 157,000 people are affected across 17 of   Read More ...
Categories: Farming |  Science & Nature | 
Places: Kyrgyzstan |  Mongolia | 
Check out the menu for One Rooster Mongolian Bar, now open in West Midtown | Atlanta Restaurant Scene
Check out the menu for One Rooster Mongolian Bar, now open in West Midtown | Atlanta Restaurant Scene One Rooster Mongolian Bar has opened its doors in West Midtown. The fast-casual Asian concept is located in the former Real Chow Baby space at 1016 Howell Mill Road in Atlanta. One Rooster is the brainchild of Mike Blum, who founded The Real Chow Baby, which previously occupied the space. The new restaurant’s concept is described on its Facebook page as “a create your own stir-fry experience like none   Read More ...
Places: United States |  Mongolia |  South |  Atlantic |  Georgia |  Metro Atlanta |  Fulton |  Atlanta | 
Wrestling World Cup: Mongolia, Iran complete demolition job
Wrestling World Cup: Mongolia, Iran complete demolition job This was to be the first big test of India’s next crop of wrestlers; a glimpse into what’s in store for the future. And the situation looks grim. Deepak beat a world championship silver medallist, alright. But that was the lone bright spot for India on the opening day of the wrestling World Cup, where the country’s wrestlers won just one out of the 16 bouts fought over two matches.   Read More ...
Categories: Sports | 
Places: Mongolia |  India |  S. Asia |  Asia |  Iran | 
Mongolian Herders Face Crisis; Red Cross Appeals for Aid 
Mongolian Herders Face Crisis; Red Cross Appeals for Aid  BANGKOK — Tens of thousands of nomadic herders in Mongolia face hunger and the loss of their livelihoods, the Red Cross warned Thursday, as temperatures plummet and heavy snow blankets much of the country for a second straight winter. In December, the Mongolian government asked international agencies to provide aid to the most vulnerable herder households who are suffering extreme winter conditions known as a “dzud.” The dzud is peculiar   Read More ...
Categories: Society & Culture | 
Tags: Philanthropy |  Red Cross | 
Places: United States |  Asia |  Mongolia |