AGP Executive Report
Last update: 9 hours agoMongolia–UN climate finance: The Bank of Mongolia and the IFC signed an MoU to strengthen climate risk management in banking, aiming to improve supervisory rules, data collection, reporting, and scenario-based stress testing after studies flagged high vulnerability to climate physical and transition risks. Ulaanbaatar infrastructure push: City officials moved to intensify the “Tuul-1” wastewater collector project after main collector load hit 100% during peak hours, to support upcoming ger-area development. Trade & regional integration: Mongolia’s interim trade deal with the EAEU is set to take effect, with tariff cuts on key exports as the broader EAEU–Mongolia agreement enters into force. Mining sector update: TMK Energy appointed US petroleum engineer Steve Skinner as COO to drive commercialisation of its Gurvantes XXXV coal seam gas project in Mongolia. Energy & prices watch: Reports note diesel prices falling while consumer goods prices rise, alongside indicators of industrial production growth and government domestic securities trading. Global context for business: EU adopted its 21st Russia sanctions package, including tighter controls affecting finance, energy and crypto services—relevant for cross-border compliance and payment flows.
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