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The Seoul Metropolitan Government says it has signed a memorandum of understanding with the Mongolian capital city Ulaanbaatar. It is mentioned that "the two cities will cooperate in combating Mongolia’s desertification and other effects of global warming."

But the essence of the MoU is that the "agreement will enable Seoul-based companies to take part in Ulaanbaatar’s urban planning, developm
The Asian Development Bank (ADB) and Government of Japan will fund a social sectors support program in Mongolia to help cushion the impacts of the global economic crisis on the country’s poor, who make up a third of the total population.

ADB’s Board of Directors approved a loan equivalent to $43.1 million and a grant of up to $16.9 million from its concessional Asian Development Fund for the M
Elbegdorj Tsakhia was sworn in as Mongolia's president after winning an election May 24th on promises to distribute its mining wealth more fairly and crack down on graft.
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