A Ray of Hope: Mongolia's Burgeoning Solar Power Industry

At first glance, the coal rich lands of Mongolia might not seem to be a natural home to a renewables revolution. Yet, despite the country's economic reliance on its vast coal fields, or perhaps because of it, the Government of Mongolia is aggressively pursuing clean energy sources. 

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US-Mongolian Diplomatic Relations Blossom
The recently published Indo-Pacific Strategy Report by the United States signals strengthening US-Mongolian diplomatic ties.

 

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Mongolia and Microfinance: a means to grassroots economic development

While billion dollar investments into Mongolia steal the spotlight, the country has also been actively pursuing grassroots economic development through microfinance initiatives. As far back as 2005, the country declared a "National Year of Microfinance", which coincided with the United Nation's "Microcredit Year". The country’s transition from a centrally-planned economy to a democratic, free market economic model has brought prosperity, albeit unevenly distributed. Mongolia's commitment to microfinance initiatives demonstrates a recognition of this issue and their recent success bodes well for inclusive economic development.

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Air Pollution in Ulaanbaatar, Mongolia, and the sustainable solutions Problems
  • During the long harsh winter, air pollution levels in Ulaanbaatar, the world's coldest capital city, are among the highest in the world.
  • The major cause (circa 80%) of air pollution in Ulaanbaatar comes from unprocessed coal burning stoves which are essential to heat traditional ger dwelling homes in the sub-zero temperatures. Other pollution sources include vehicles (10%), power plants (6%), and soil contamination (4%).
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Mongolia 2019 Q1 Update

EXECUTIVE SUMMARY


  • Mongolia’s total gross industrial output was up 16% in April 2019 versus the same month of the preceding year
  • This tracked output from mining and quarrying which also recorded a 17% growth in the twelve months to April
  • Gross Domestic Product (GDP) grew 8.6% in the first quarter of 2019 compared with the preceding year
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Tapping into hidden potentials and new opportunities in Mongolia

Well-educated citizens today are the key foundation for any country’s well-being and whole development. Mongolia has a relatively higher literacy rate around 97% than other developing countries in the region.

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Interesting facts to know before you visit Mongolia

Spanning across Central Asia and East Asia, Mongolia is known as untouched country with beautiful landscapes and one of the world’s most fascinated places for travellers. If Mongolia is already on your travel list, here are some interesting facts about Mongolia to check out before you arrive in Land of the Blue Sky.   

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Big names are moving into Mongolia

 

Mongolia, once a place whose very name conjured up images of isolation and deprivation has become one of the hottest new frontier market destinations for international and luxury brands in recent years, particularly those catering to higher income clients.

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