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United States and Mongolia convene the first Child Protection Compact Partnership Bilateral Dialogue
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On November 19, 2021, the United States and Mongolian government officials and civil society organizations held a virtual bilateral dialogue to share accomplishments and discuss progress and challenges toward achieving objectives and completing activities under the United States-Mongolia Child Protection Compact (CPC) Partnership, signed in April 2020.
Ambassador Michael Klecheski provided remarks and affirmed that the United States remained committed to the success of the partnership.
In 2020 the U.S. government invested 5 million USD in foreign assistance to World Vision, The Asia Foundation, and local partners Mongolia Gender Equality Center, Talita Asia, Beautiful Hearts, and Unbound Mongolia to support the goals and objectives of the CPC Partnership. During the dialogue, Acting Director of the Office to Monitor and Combat Trafficking in Persons Dr. Kari Johnstone noted that the U.S. recently provided an additional 500,000 USD to the consortium to expand its activities in support of the partnership.
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| ADB and the Government of Mongolia mark 30 years of partnership dialogue |
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Today, the Asian Development Bank (ADB) and the Government of Mongolia marked the 30th anniversary of the Mongolia-ADB partnership dialogue. The anniversary was celebrated with more than 150 representatives from Parliament, Cabinet, the private sector, civil society, and youth, who shared their insights on the country’s development progress, examining the partnership over the past three decades, acknowledging achievements, learning from experience, and discussing future partnership goals at a high-level event.
ADB Vice-President Ahmed M. Saeed said, “30 years is a very short time in history for major transformation, but the last three decades have witnessed a quite extraordinary change in Mongolia. We’ve seen the creation of a thriving private sector, and an economy now based on market principles.”
ADB has committed more than 3.6 billion USD in loans, grants, and technical assistance to the Government of Mongolia between 1991 and 2020. In addition to sovereign financing, ADB works directly with Mongolia's private sector, having provided loans to energy, finance, and agri-industry enterprises, as well as trade financing through local partner banks under the Trade Finance Program.
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Frontier Fintech Summit 2021 is being held
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Frontier Fintech Summit 2021 will be held online in Ulaanbaatar from November 24 to 25, drawing attention to the development of the fintech sector and exchanging opinions with authorities on current issues, the legal environment, and future measures.
The summit consists of four main parts: Regtech in Mongolia, Blockchain and Digital Assets, Fintech Lending, and Digital Banking and Payments.
The Mongolian Fintech Association is an organization that represents financial technology and service providers and provides information while protecting consumer rights.
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SXCoal: Mongolia exported 1.2 million tons of coking coal to China in October
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In October, China's coking coal imports reached 4.38 million tons, down 25.7 percent compared to the same period last year, according to SXCoal.
In October, Mongolia provided more coking coal to China than any other exporter, with 1.2 million tons, an increase of 81 percent compared to September due to the increase in the number of coal trucks passing through the Gashuunsukhait-Gantsmod port since mid-October.
The decline in coal production in the Chinese market has led to shortages and a sharp increase in imports. China, the world's largest coal consumer, imported 26.9 million tons of coal in the first 10 months of this year, which is 96.3 percent higher compared to the same period in 2020.
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