Friday, August 12, 2022
Google search engine
HomeEconomyMongolia: How a Small, Landlocked Country Dealt With the Pandemic

Mongolia: How a Small, Landlocked Country Dealt With the Pandemic

 

“The policy of the government of Mongolia is now very clear. We have been through a lot of hard times, and we don’t want to go through that again. And if this virus continues, we have to face it. We have to step forward, not backward. We have to reduce the risk of death and reduce the risk of health sector pressure.” Amarsaikhan Sainbuyan, Deputy Prime Minister of Mongolia

 

When the coronavirus was first discovered in China in January 2020, Mongolia was one of the first countries to lock down, closing schools and businesses, and canceling public events. On January 31, the border with China was closed, and trade ground to a halt. As a landlocked nation, situated between Russia and China, Mongolia is dependent on its two larger neighbors for trade and investment. China, alone accounts for 33% of imports, as well as 89.1% of exports. Additionally,  over 60% of Mongolia’s overall economy depends on China. But the border has…

Read more…

RELATED ARTICLES
- Advertisment -
Google search engine

Latest Posts