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Extend Fund Facility in 2017. In 2017, Mongolia, with a current quota of $72.3 million, requested a three-year extended arrangement under the IMF’s Extended Fund Facility (EFF), with access equivalent to $434.3 million (435 percent of quota). After almost two decades, the Mongolian economy still struggles with structural problems.
Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) west of Ulaangom. Ömnögovi Province in the south of Mongolia is ...
The Mongol Empire of the 13th and 14th centuries was the largest contiguous empire in history. Originating in present-day Mongolia in East Asia, the Mongol Empire at its height stretched from the Sea of Japan to parts of Eastern Europe, extending northward into parts of the Arctic; eastward and southward into parts of the Indian subcontinent, attempted invasions of Southeast Asia, and ...
Enkhiin-Od Michael Sharavjamts (born August 27, 2002) is a Mongolian college basketball player currently in the transfer portal. He previously played for the San Francisco Dons of the West Coast Conference and the Dayton Flyers of the Atlantic 10 Conference. He is the first Mongolian citizen to earn a Division I athletic scholarship.
Mongolia supports India's candidature as a permanent member of the United Nations Security Council, while India supported the inclusion of Mongolia as a full member of the Non-Aligned Movement. According to a 2010 Gallup poll, 26% of Mongolians approve of Indian leadership, with 9% disapproving and 66% uncertain.
In 1936, the new Mongolian state had formally enshrined the title of “Hero” by law, and in 1941, the “Badge of the Hero” was established. [1] In 1956 the Hero of Labor Golden Soyombo Medal was added to the Mongolian awards system. [1] A unique title, known as "Honorary Freeman of the Mongolian People’s Republic" was for Soviet leader ...
Some Mongolian women also come to South Korea as the brides of men they met through international marriage agencies; their average age is just 24.9 whereas that of their husbands is 44.5, with many being more educated than their husbands. [14] Some Mongolians in South Korea run used car export businesses. This trend was believed to have begun ...
Christianity in Mongolia is a minority religion. In 2020, Christians made up 1.94% of the population. [1] Most Christians in Mongolia became Christian after the Mongolian Revolution of 1990. According to the Christian missionary group Mission Eurasia, the number of Christians grew from less than 40 in 1989 to around 40,000 as of 2023.