bneGREEN: BlackRock raises $250mn to fund climate transition in emerging markets

Richard Lockhart in Edinburgh July 13, 2021

BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.

Coronavirus cancellation of Mongolia's Naadam deals harsh blow

Antonio Graceffo & Dandar Jamsran in Ulaanbaatar July 5, 2021

Mongolia's most important annual festival, Naadam, has been held every year for the past 800 years, but it has been laid low by the coronavirus pandemic for the second year in a row. Naadam was cancelled on July 2.

CENTRAL ASIA BLOG: Mongolia’s fledgling tourism sector faces a long road to recovery after COVID-19

Antonio Graceffo July 1, 2021

International travellers do not arrive on a whim. Most book at least six months ahead. The country’s tourism operators have thus already lost 2020 and 2021.

CENTRAL ASIA BLOG: The new khan of Mongolia

Anand Tumurtogoo in Ulaanbaatar June 30, 2021

Khurelsukh Ukhnaa hopes to bestride the nation as a president who gets things done. But he’ll have to overcome some big, early challenges first.

Under half of emerging Europe economies to achieve full recovery in 2021

bne IntelliNews June 29, 2021

EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.

Mongolia’s inflation rate reaches 6.2% in May

bne IntelliNews June 17, 2021

Mongolia’s national consumer inflation is at 6.2%, up by 0.7% m/m.

MPP's Khurelsukh wins landslide victory in Mongolia’s presidential election

bne IntelIiNews June 10, 2021

Party now commands presidency as well as supermajority in parliament.

CENTRAL ASIA BLOG: Mongolia’s presidency, a new chapter

Anand Tumurtogoo in Ulaanbaatar June 8, 2021

Country has option of replacing one strongman for another, voting in the nominee of a splintered party or choosing an entrepreneur said to have delivered the internet to Mongolians.

Mongolia’s apocalyptic sandstorms

Antonio Graceffo May 12, 2021

Herders tell how most ferocious storms in a decade stripped paint from cars, left hundreds of people missing and killed huge numbers of livestock. But there’s a limit to what can be done about the terrifying phenomenon.