Posted inBeijing, China, Hong Kong, Japan, Middle East, Northeast Asia, Russia, World

Mongolia struggles through financial instability

Mongolian shares rose 4% in March according to Bloomberg’s top company index, after the IMF extended another multi-year bailout for $440 million which can unlock an immediate additional $3 billion from bilateral and multilateral partners. CChina, which receives 90% of its neighbor’s mineral exports, will bolster a $2 billion currency swap as part of the package, […]

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