The Cabinet adopted a program titled ‘Cashmere’ to boost the cashmere industry. The four-year program is expected to increase Mongolia’s production and export of final cashmere products 5.7 times.
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According to the review of implementation of the third phase of the IMF's Extended Fund Facility, Mongolia's economic growth was higher than expected, reported Geoff Gottlieb, head of IMF's working group.
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At the plenary meeting of the Parliament, MPs approved a Bill on Ratifying the General Agreement on Receiving Soft Loan from Economic Development Cooperation Fund in 2017-2019, between Governments of Mongolia and the Republic of Korea.
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Finance Asia and the Asset, Asian financial publications 2017 Awards granting ceremony was held in Hong Kong.
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Parliament ratified a Mongolia-Germany loan agreement, which will fund the completion of the New Turbine for Darkhan Thermal Power Plant project, being implemented within the Energy Efficiency -I Program.
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Mongolia finds itself among 88 ‘Free’ countries, designated by US-based NGO Freedom House in its annual report released on January 16. According to the Freedom in the World Report 2018, Mongolia has received an aggregate score of 85 out of 100.
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