July 9, 2018

Minister of Defense N. Enkhbold receives his counterpart from the Philippines


On July 6, Minister of Defense N. Enkhbold met with Secretary of National Defense of the Philippines Delfin Lorenzana. Minister N. Enkhbold noted that bilateral military cooperation between Mongolia and the Philippines will strengthen military trust and understanding in the region, and contribute to the improvement of both military forces. Secretary Lorenzana thanked Minister Enkhbold for sending Mongolian troops to peacekeeping training and courses held in the Philippines and expressed interest in learning from Mongolia’s expertise in peacekeeping. Both sides agreed to collaborate on peacekeeping training participation, peacekeeping military capacity improvement, and regional security knowledge sharing.     ​

Keywords: bilateral relations, international forum   The National Post /page 2/


Economic growth expected to exceed 6% in 2019 and 2020


On July 6, World Bank released its Mongolia Economic Update. According to the report, Mongolia’s mid and long-term economic outlook will remain stable. However, it was specifically highlighted that Mongolia's governing authorities should focus on eliminating structural vulnerabilities. It was warned that efficiency of public investment programs should be improved, as past investment programs were predicated on over-optimistic and unrealistic assumptions with subsequent negative outcomes. World Bank analysts forecast that Mongolia’s GDP will grow by approximately 6.4 percent in 2019 and 2020, due to foreign direct investment in the mining sector. The Mongolia Economic Update emphasizes that the government’s inconsistency and failure in undertaking economic structural changes might pose the highest risk in terms of realizing the country's growth potential. World Bank Country Manager for Mongolia James Anderson said, “Investing in human capital and strengthening the country’s institutions are the best way to support diversification together with sound investments in crucial infrastructure.”​

Keywords: World Bank, Mongolia Economic Update   Today /page B1/

Mongolia produces 170-200 tons of honey annually


On July 6, the Ministry of Food, Agriculture and Light Industry held an apiculture training for beekeepers, in collaboration with the Mongolia Bee Fund and Ulaanbaatar Environmental Department. As of the end of 2017, a total of 31 entities and 397 households engaged in beekeeping. The country's honey production ranges from 170 to 200 tons annually. According to experts, Mongolia has the capacity to produce and export up to 20,000 tons of honey per year.​

Keywords: food industry, export potential, MoFALI   Today /page B1/

online story  

Mongolia and Monaco discuss collaboration opportunities in education, culture and sciences


On July 6, Deputy Minister of Education, Culture, Science and Sports G. Ganbayar met with Director General of the Ministry of Foreign Affairs and Cooperation of Monaco Isabelle Rosabrunetto. The implementation of bilateral projects and programs in the sciences were discussed during the meeting. Director General Rosabrunetto stated that Monaco will provide 54 million EUR in development aid to 12 countries, including Mongolia, from 2018 through 2020. Deputy Minister G. Ganbayar expressed gratitude for Monaco’s support.

Keywords: bilateral cooperation, EU, education sector

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia