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It is reported in the UB Post that more than 2 million animals have perished in the continuation and spread of dzuds - severe winter storms - that began before Christmas. Huge herd numbers are isolated without food in deep snow and Arctic-like temperatures, with around 180,000 herder families affected, 120,000 very severely.................
UNICEF 12 Feb reports half of Mongolia now disaster stricken and is in urgent need of humanitarian assistance. 12 provinces have now been declared disaster areas by Mongolian government.........
A Disaster Slowly Uncoiling..........This unraveling disaster in Mongolia has no celebrity spokespeople, no telethons, no convenient cell phone donation numbers, no TV cameras on the ground.............click headline to link to article, click browser back button to return here
Economic gloom.
In its November 2009 half-yearly update, the World Bank reports that as one of the world's low-income countries Mongolia has suffered worse than others of its kind...................................
Mongolian Government seeking $3 billion loan from China (see article Business Mongolia)
Glimmer of Hope (from an article by Ch.Sumiyabazar in The UB Post 13 Nov 2009)
EBRD Launches New Strategy for Mongolia
The European Bank for Reconstruction and Development (EBRD) announced on November 9 that it adopted a new strategy for Mongolia, to further support the Mongolian economy over the next three years. EBRD will continue to support ....................
Oyu Tolgoi Mine Project Given Green Light
It is reported in various news articles that following lengthy negotiations between the Mongolian Government and mine owners Rio Tinto (Canada) and Ivanhoe Mines, agreement was reached in October 2009 to proceed with developments for the extraction of copper and gold.................
Mongolia Economic Update: November 2009 (Source - World Bank website)
On November 27, 2009, Parliament approved the 2010 budget which projects a 5 percent of GDP deficit and two new laws were passed supporting social welfare reforms.
Hard times for Mongolia’s cashmere industry - copy of article published by the New York Times
This in-depth report examines the many problems facing those herders whose incomes have been slashed by a slump in world cashmere prices.. Expert opinions take into account ever increasing goat numbers, the effects of over-grazing and of climate change on the pastoral environment. Herders find themselves in a vicious circle of circumstances but with no easy answers.
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