The Fitch Ratings and S&P, international credit rating agencies, have rated the Mongolian Government’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'B', same as the previous rating.
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The new Cabinet formally took office. The 15th Cabinet is led by Prime Minister U.Khurelsukh and consists of 15 Ministers. In the last 25 years, there have been 14 Cabinets, only two of which completed the four-year term.
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The Asian Development Bank (ADB) has forecasted the economic growth of Mongolia would increase by 4% in 2017 and by 3% in 2018. This is more positive expectation compared to the forecast by last April.
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The Expo Mongolia 2017, a trade fair for private entities engaged in all sectors, such as, construction, mining, food and environment, opened for the fifth year in Ulaanbaatar. Mongolia is well-renowned in the world by its natural resources.
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The Multilateral Agreement on the Establishment of International Think Tank for Landlocked Developing Countries (ITT for LLDCs) entered into force on October 6.
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The delegation of Marmara Group Strategic and Social Research Foundation led by its President Dr. Akkan Suver paid a courtesy call to H.E Battulga Khaltmaa, President of Mongolia, during their visit to Mongolia.
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