AGP Executive Report
Last update: 8 hours agoTransport Infrastructure: The first 87 kilometres of the 127-kilometre Bagakhangai–Khushig Valley–Emeelt railway are complete. The line is designed to move hazardous cargo around central Ulaanbaatar and ease congestion. Agriculture: A new soilless greenhouse in Selenge can grow livestock feed in 8–10 days, offering herders a way to boost winter and spring supplies. Mongolia and New Zealand also discussed sharing agricultural expertise and strengthening meat-export capacity. Trade and Prices: Foreign trade turnover rose 34.6% to $25.9 billion in the first nine months, with mining accounting for nearly 90% of exports and a $6.5 billion surplus. But annual inflation climbed to 12.9% in September, led by sharp food-price increases. Credit and Growth: S&P affirmed Mongolia’s BB- rating with a stable outlook, citing mining-led growth while warning that infrastructure investment and social spending could pressure public finances.
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