Mongolian economy grew by 5.1% in 2019, compared to the growth rate of 7.2% in the previous year.

We are hiring - FINANCIAL ANALYST(2)

Mongolia economy grew by 5.1% year on year in 2017, compared to the growth rate of 1.0% in previous year. The economy benefited from higher prices for key base metal commodities, stronger demand from China after the closure of mines and bans on coal imports from North Korea, and a more stable macroeconomic environment, in part due to the implementation of the IMF’s Extended Fund Facility program. 

We are glad to announce that NIM is working in close collaboration with the China-Beijing Equity Exchange (CBEX) under Exclusive Authority Granted by the CBEX to NIM in 2017, to resolve and recapitalize Non-Performing Loans (NPLs) of Mongolian commercial banks. 

• Mongolia's economic reform program aims to stabilize the economy, restore confidence, and pave the way to economic recovery.

• The total financing package amounts to about $5.5 billion, including support from the Asian Development Bank, the World Bank, Japan, Korea and China.

• The program also lays the foundation for sustainable, inclusive growth in the future, and end the boom-bust cycles of the past.

The annual GDP growth of Mongolia performed 1% in 2016, according to the National Statistics Office (NSO) data (Feb 15, 2017). 

SPECIAL POLICY TO OVERCOME ECONOMIC DOWNTURN

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1. Develop program to overcome and stable economic downturn in a short period

2. Ensure macroeconomic stability and increase foreign investment

3. Lower budget deficit by strengthening budget discipline, cutting inefficient cost, and saving budget 

In April, Parliament of Mongolia endorsed 2030 Sustainable Development Vision which charts the country’s development path for the period of the Sustainable Development Goals. The vision outlines important priorities for the coming 15 years to achieve sustainable development…..

•MSE Top-20 index, the main indicator of the Mongolian stock market

•The MSE Top-20 index is renewed every six months

•The Index is calculated based on the market capitalization and average daily average trading value of the top 20 securities listed on the MSE………