Mongolia
Mongolia scraps $3bn IPO for shares in flagship coal mine
Decision made amid pandemic disruption to financial markets and with one eye on vote-shifting distrust of foreign investors ahead of elections.
IMF to the rescue
The stop-shock caused by the coronavirus (COVID-19) pandemic has brought economies around the world to a screeching halt. 85 countires have turned to the IMF, the lender of last resort, for help
EBRD reveals CEE/Eurasia economies’ vulnerability to external shocks amid coronavirus crisis
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.
OUTLOOK 2020 Mongolia
Elections likely to produce another paralysing parliament. Expect further problems from nationalist dislike of foreign miners. Look out for China slowdown impacts and climate change effects on cashmere farming.
IMF says Mongolia’s livestock industry faces climate change and overgrazing threats
Soaring global cashmere prices amid a lack of land-use regulations or pasture management standards blamed for hugely expanded livestock population. Desertification causing “yellow dust storms”.