[17] In December 2022, the Government announced that Mongolia had paid off the 1.5 billion USD 'Chinggis bond', a key milestone in the country's long-term debt management strategy.
[19] Under the New Recovery Policy, Mongolia has already built the Zuunbayan-Khangi rail link, which opened in November 2022, and started construction on the New Settlement Zone of Khushigt Valley.
[20][21] In February 2025, Oyun-Erdene also announced an agreement to construct the Gashuunsukhait-Gantsmod railway crossing, which had previously been subject to significant negotiation delays.
The Government's reforms are focused on opening up more travel routes, modernizing Mongolia's visa system and reducing the cost of flights to the country.
[28] In August 2023, during Oyun-Erdene's visit to the United States, the Prime Minister met with Vice President Kamala Harris and held a joint press conference.
[32] At the Mongolia Economic Forum in July 2023, the Government announced an agreement with SpaceX and Starlink to launch a new era of high-speed internet connectivity.
In August 2023, during Oyun-Erdene's official visit to the United States, it was announced that Google would be partnering with Mongolia to enhance the digital skills of Mongolian teachers and young people, including the provision of 20,000 Chromebooks to schools.
[37] Speaking at the commencement ceremony, the Prime Minister said "I am proud to celebrate this major milestone with our partner Rio Tinto as we look towards Mongolia becoming one of the world's key copper producers.
The start of underground production at Oyu Tolgoi demonstrates our ability to work together with investors in a sustainable manner and become a trusted partner.
"[38] In December 2024, Oyun-Erdene announced a $1.6 billion uranium mining agreement with French company Orano, which was ratified by Parliament in January.
[43] As part of the New Recovery Policy's pillar to tackle corruption and in light of these protests, the Prime Minister put forward an initiative to change the governance of Erdenes Tavan Tolgoi JSC (ETT), making the company public.
[46] In January 2023, Mongolia's anti-corruption authority announced that over 30 officials, including the chief executive of Erdenes Tavan Tolgoi, were under investigation for embezzlement.
[43] In May, the Mongolian Parliament passed constitutional amendments to enlarge the legislative body, from 76 members to 126, and adopt a more proportional electoral system for the 2024 elections.