Mongolian lender’s CIO outlines complete IT overhaul to become fully digital bank by 2023.

As Mongolia's economy slows, the chief executive of its stock market, Bolor Munkhsaikhan, tells Stefania Palma about efforts to deepen local capital markets to help hedge against a volatile currency and to diversify corporate borrowing away from bank loans.

Mongolia's floundering economy is hitting the country's banks' growth, profits and asset quality. However, unlike previous such crises the lenders are coping well thanks in no small part to their impressive capitalisation. Stefania Palma reports.

While it appears likely that Mongolia will need another IMF bailout, hopes are high that the newly elected MPP government's austerity package could introduce the transparency and fiscal reforms necessary to stabilise the economy for good. Stefania Palma reports.

Mongolia's recently elected deputy finance minister, Khurelbaatar Bulgantuya, tells Stefania Palma how the country will finance a $2bn budget deficit before the end of the year.

Ahead of the 2016 Asian Development Bank annual meeting in Frankfurt, the president of the ADB discusses China’s slowdown and reform agenda while underscoring that other parts of Asia – such as India – are still growing strongly. Interview by Stefania Palma.

Mongolia’s mining industry is driving the economy’s rapid expansion and bringing challenges for local banks, which are scrambling to keep up with such dramatic rates of growth.