According to Fitch Ratings, Mongolia’s credit rating remains unchanged at “B+, Stable.” The agency projects Mongolia’s GDP growth at 5.7 percent in 2025 and 5.3 percent in 2026-27.
It also highlighted that the government’s commitment to fiscal discipline is expected to bring public debt below 40 percent of GDP. However, due to the country’s dependence on fluctuations in global commodity prices, inflation is forecast at 8.1 percent.
Albert Gore, who served as the 45th Vice President of the United States from 1993 to 2001, will be in Ulaanbaatar on October 2–3, 2025, to lead a training program for climate leaders. His organization, The Climate Reality Project, founded in 2006, has been conducting this training worldwide, with
The Government of Mongolia has reduced the total number of positions within its agencies by 300, including 54 department and division head posts. This restructuring is expected to save around 10 billion MNT annually in salary expenses. The decision was made at today’s regular Cabinet meeting after reviewing the
Mongolia and the UN Secretariat have officially approved the logo for the 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification, which will take place in Ulaanbaatar on August 17–28 next year. The design reflects Mongolia’s cultural heritage and the shared global mission to
Over the past year, the Presidents of Mongolia and Uzbekistan paid reciprocal visits and agreed to expand cooperation in several areas. One of these agreements was that Uzbekistan would purchase a total of 100,000 live sheep and goats from Mongolia. The first shipment of 15,000 sheep is now