AGP Executive Report
Last update: 7 hours agoPrices and Trade: Mongolia’s September inflation rose to 12.9%, up 0.6 percentage points from August, as imported goods drove prices higher. In the first nine months, exports reached $16.6 billion and foreign trade turnover grew about 35%; Mongolia’s BB- credit rating was affirmed with a stable outlook. Investment and Energy: Mongolia and Saudi Arabia signed an energy cooperation agreement covering oil and gas, renewables, electricity, storage and technology, while a Mongolia-Singapore business forum drew 120 representatives and opened new prospects for trade, investment and carbon-credit projects. Infrastructure and Industry: A 127-kilometer railway bypassing Ulaanbaatar has opened, and the government is pressing ahead with the Erdenet copper-smelting complex, whose infrastructure is 70% complete. Monetary Policy: The Bank of Mongolia and IMF are working to strengthen forecasting and policy tools as the central bank upgrades its monetary framework.
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