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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BUYING GUIDES & RESOURCES

PROJECTS & INVESTMENT

VIDEOS

Asia Pacific Investment Partners
Mongolian Properties
Regency Residence Penthouse
The Olympic Residence
The Circus Residence
The Village @ Nukht

INSTAGRAM