BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.
Mongolia's most important annual festival, Naadam, has been held every year for the past 800 years, but it has been laid low by the coronavirus pandemic for the second year in a row. Naadam was cancelled on July 2.
International travellers do not arrive on a whim. Most book at least six months ahead. The country’s tourism operators have thus already lost 2020 and 2021.
Khurelsukh Ukhnaa hopes to bestride the nation as a president who gets things done. But he’ll have to overcome some big, early challenges first.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
Mongolia’s national consumer inflation is at 6.2%, up by 0.7% m/m.
Party now commands presidency as well as supermajority in parliament.
Country has option of replacing one strongman for another, voting in the nominee of a splintered party or choosing an entrepreneur said to have delivered the internet to Mongolians.
Herders tell how most ferocious storms in a decade stripped paint from cars, left hundreds of people missing and killed huge numbers of livestock. But there’s a limit to what can be done about the terrifying phenomenon.
An attempt at dissolving Mongolia's ruling party looks like a desperate manoeuvre from President Battulga Khaltmaa as he fights a ban on seeking re-election.