Mongolia

Mongolia, IMF agree on 5.5-billion-dollar economic bailout package

The International Monetary Fund and partners have agreed to lend Mongolia 5.5 billion dollars to bail out its faltering economy, the organization announced on Sunday.

12 killed, dozens injured in road accident in Inner Mongolia

Twelve people were killed and 32 others injured after a horse dashed onto a road in Inner Mongolia, causing a truck driver to swerve into a bus, news reports said Sunday.

World leaders at Asia-Europe Meeting condemn attack in France

The Asia-Europe Meeting (ASEM) in the Mongolian capital began with a moment's silence Friday following the attacks in Nice.

Croatian president meets with Mongolian counterpart

Croatian President Kolinda Grabar-Kitarovic has met with Mongolian President Tsakhiagiin Elbegdorj ahead of the 11th Asia-Europe Meeting (ASEM) in Ulaanbaatar, the Office of the Croatian President said in a press release on Thursday.

Foreign investors “scared off” by Mongolian economic crisis

Mongolia was the world's fastest-growing economy in 2013. Foreign businesses have since fled the country in droves, and foreign direct investment has plummeted. What's behind Mongolia's swift change in fortune?