Economy & Business

Development Bank CEO Removed

Unread Media

08 Nov 2025 — 1 min read

Image: ikon.mn

Narantuya, a former Member of Parliament from the Democratic Party (DP) and regarded as one of the party’s most influential figures, was one of the last appointees made under the previous coalition government between the Mongolian People’s Party (MPP) and the DP.

The bank’s newly restructured Board of Directors had appointed her to the acting position on November 7, 2024. However, according to the Law on the Development Bank of Mongolia, such appointments must be made through an open international selection process.

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Mongolia Celebrates 100 Years of Child and Youth Organizations

PM Zandanshatar Meets Putin During SCO Summit

53 Factories Opened Through “Food Revolution”

Mongolia Presents Key Initiatives Ahead of COP17