Mongolia Tender and Business News

Asian Development Bank Commits $5B to CAREC 2030 Agenda

During the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference held on October 27 in Dushanbe, Tajikistan, Asian Development Bank (ADB) President Takehiko Nakao committed over $5 billion to supporting the CAREC 2030 agenda over the next five years.

Chinese JinkoSolar Makes First Shipment to Mongolia

JinkoSolar Holding, a China-based solar power solutions provider, has provided 12.7 MW of PV modules to Japanese IT company Hitachi Systems, for a solar plant owned by Farmudo Corporation in Ulan Bator, Mongolia.

Mongolia's Rapid Economic Growth Creates Major Coal-Fired Plant Pollution

Mongolia's economic growth rate of 5.3 percent has been the envy of many other economies. Its accomplishment unfortunately happened with coal being the primary source of energy and the country has suffered major environmental degradation as a result. A recent summit held in its capital sought ways to climb out of its pollution problems.

Sustainable Human Development Requires Far More Inclusion

Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.

Mongolia Issues US $600 Million Sovereign Bond Exchange Offer

Mongolia recently issued a US $600 million sovereign bond exchange offer and new issuance. This is especially significant because of the country's potential liquidity problems over the past year, as a result of slowing economic growth in the region and dependence on commodities which had dropped in price.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

Worldwide Cost of Lead Exposure in Developing Countries Almost $1B Annually

The problem of children around the world being exposed to lead -- and the many medical consequences of that -- is still significant even in the 21st century. A study just published by New York University shows the annual economic cost of lead exposure at $977 billion worldwide, with ~$700 billion of that happening just within Asia.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

Pollinators Vital To Our Food Supply Under Threat

A growing number of pollinator species worldwide are being driven toward extinction by diverse pressures, many of them human-made, threatening millions of livelihoods and hundreds of billions of dollars worth of food supplies, according to the first global assessment of pollinators.

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