The Central Bank of Mongolia met with a delegation from the Asian Development Bank (ADB) led by Board Director Bertrand Fournaux to review Mongolia’s macroeconomic outlook and explore opportunities to expand future cooperation in line with the country’s development priorities. The Governor reported that as of end-July 2025 inflation was 8.1 percent and remained stable within the Central Bank of Mongolia’s target range. Discussions focused on supporting economic recovery and strengthening collaboration beyond the mining sector, particularly in small and medium-sized enterprises and agriculture; the delegation included ADB’s Resident Representative in Mongolia, Shannon Cowlin.
Central Bank of Mongolia 2025-08-19
Central Bank of Mongolia discusses macro outlook and expanded cooperation with Asian Development Bank delegation
The Central Bank of Mongolia and the Asian Development Bank (ADB) discussed Mongolia's macroeconomic outlook and potential cooperation aligned with national development priorities. Inflation was reported at 8.1% as of July 2025, within the central bank's target range. Talks emphasized economic recovery and collaboration in sectors beyond mining, including small and medium-sized enterprises and agriculture.