More and more young people may be leaving the physically demanding herding life behind to seek their fortunes in the cities, but it remains big business.
Ending coal-fired power generation could prevent 14.5mn premature death from air pollution between now and 2050 and would create up to $16.3 trillion in economic benefits.
Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
FX reserves fall by $1.2bn in few months—yet small, developing nation must pay for imports in USD.
Caught between ‘zero-Covid’ China on one side and war-sanctioned Russia on the other, the Mongolians face mounting difficulties.
Moscow is working to secure Mongolia as a junior partner for a new strategically important natural gas pipeline to China.
Country sinking into dire straits with combination of Ukraine war impacts and China’s “zero-Covid” policy driving up energy and food costs.