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The chaos theory of Mongolia

I returned to Mongolia 15 years ago after an absence of 13 years, save for the occasional 2-week leave from work, and that time I spent a semester and a half at a local university drinking endless cups of brown, watery 150 Tugrik instant MaCcoffee at the café strangely, or perhaps egotistically, named "In my memory", writing the first and so far the only book that got us into trouble with the local intelligence who apparently had little else to do than to pore through the ramblings of teenagers to catch the tell-tale signs of drug dealery. But I digress. When you visit a country for a short period, be it home or not, you hardly have time to immerse yourself in the spirit of the country and the city and feel the nitty gritty and dirty shiny of it all. So after 13 years, it took me a while to readjust and finally understand what the hometown of my childhood had become.  The most striking, ubiquitous, and inescapable feature was and still, unfortunately, is the traffic. In 2008,...

1.5 trillion Tugrik stimulus plan

I've been trying to find a breakdown of the 1.5 trillion ₮ stimulus plan. So far nothing very detailed. What the International Herald Tribune article here has is about as much detail I've been able to find in Mongolian. To raise the 1.5 trillion Tugriks for the stimulus plan, the boys upstairs might turn to China for the USD 3 billion loan earlier discussed. Business Times, Malaysia also has an article titled "Even Mongolia has to unveil stimulus plan". The editors at Business Times, Malaysia sound surprised to learn that Mongolia has an economy. Even Mongolia? Or perhaps they meant it in a good way, like even the strong and sturdy economy of Mongolia now requires a stimulus plan. But I doubt it.

According to open-government.mn, the government is also requesting a loan of USD 300 million from World Bank to cover the budget deficit, and are negotiating over the terms. The World Bank loan will most likely be used to save the construction industry, which is on the brink of a collapse after the banks stopped giving out housing loans.

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