Moody's has reasserted its B2 rating and negative outlook, as Mongolia's foreign investments plummet and authorities seem unable to fix lingering issues such as the expansion of flagship mine Oyu Tolgoi.
Central Asian countries are rushing to damp down concerns over the state of health of their respective currencies, with Kyrgyzstan's central bank reasserting the soundness of the country's foreign currency reserves.
October 22, 2014
- Terrence Edwards in Ulaanbaatar
The Trans-Mongolian Railway needs an overhaul if it's to act as an effective trade route between Russia and China. That could finally happen now both of Mongolia's big neighbours have good reasons for doing so.
Imangali Tasmagambetov, former mayor of Astana, has been appointed Kazakh defence minister, seen as a key job at a time of tension with Russia, thus strengthening his chances of succeeding Nazarbayev .