AGP Executive Report
Last update: 11 hours agoMonetary Policy Consultations: The Bank of Mongolia opened a public consultation on its draft 2027 State Monetary Policy Guidelines, aiming for inflation around 5% over the medium term, tighter macroprudential coordination, and a more flexible tugrik exchange rate while strengthening banking supervision and anti–money laundering systems. Energy & Trade: Mongolia is set to buy 10,000 tons of gasoline and 4,000 tons of jet fuel from China in September, with talks also covering longer-term, contract-based fuel supply and pricing formulas. Bilateral Clean Energy Deal: Mongolia and the UAE signed an MoU to boost renewable energy and green hydrogen cooperation, including a joint working group for project feasibility and capacity building. Foreign Trade Surge: Mongolia’s foreign trade turnover hit USD 22.8 billion in the first eight months, up 36.8%, with exports rising faster and copper ore/concentrate and coal leading gains. Capital Markets: Sendly NBFI launched primary trading of “Sendly Bond 3.0,” offering 120,000 fixed-rate bonds to raise 12 billion MNT at a 19% interest rate for 24 months. Education Finance: ADB approved an additional $130 million for Mongolia’s education expansion, funding new and upgraded schools and kindergartens for about 11,000 students and preschoolers. Local Infrastructure: A new sports complex in Sukhbaatar District (Khoroo 13) has been completed and accepted for permanent operation, adding facilities for football, tennis, basketball, fitness, and youth recreation for 140,000 residents.
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