116-593: The Turuun River is a river of western Mongolia . It flows through the sum of Baruunturuun in Uvs Province . This article related to a river in Mongolia is a stub . You can help Misplaced Pages by expanding it . Mongolia Mongolia is a landlocked country in East Asia , bordered by Russia to the north and China to the south. It covers an area of 1,564,116 square kilometres (603,909 square miles), with
232-502: A market economy . Approximately 30% of the population is nomadic or semi-nomadic; horse culture remains integral. Buddhism is the majority religion (51.7%), with the nonreligious being the second-largest group (40.6%). Islam is the third-largest religious identification (3.2%), concentrated among ethnic Kazakhs . The vast majority of citizens are ethnic Mongols, with roughly 5% of the population being Kazakhs , Tuvans , and other ethnic minorities, who are especially concentrated in
348-596: A quadripoint . The geography of Mongolia is varied, with the Gobi Desert to the south and cold, mountainous regions to the north and west. Much of Mongolia consists of the Mongolian-Manchurian grassland , with forested areas accounting for 11.2% of the total land area, a higher percentage than Ireland (10%). The whole of Mongolia is considered to be part of the Mongolian Plateau. The highest point in Mongolia
464-464: A 2014 editorial, The Guardian newspaper wrote that the new bank could allow Chinese capital to finance these projects and allow it a greater role to play in the economic development of the region commensurate with its growing economic and political clout. But until March 2015, China in the ADB has only 5.47 percent voting right, while Japan and US have a combined 26 percent voting right (13 percent each) with
580-646: A 2019 Forest Landscape Integrity Index mean score of 9.36/10, ranking it sixth globally out of 172 countries. Mongolia's total population as of January 2015 was estimated by the U.S. Census Bureau to be 3,000,251 people, ranking around 121st in the world. But the U.S. Department of State Bureau of East Asian and Pacific Affairs uses the United Nations (UN) estimations instead of the U.S. Census Bureau estimations. United Nations Department of Economic and Social Affairs Population Division estimates Mongolia's total population (mid-2007) as 2,629,000 (11% less than
696-532: A Canadian national and the global communications director and official spokesperson of AIIB resigned, and fled from China. Pickard said that the AIIB was dominated by Chinese Communist Party (CCP) members who operate as an in-house secret police. He also claimed that all information going to AIIB's president, Jin Liqun, was filtered through those CCP officials, whose offices were the closest to Jin. Pickard went on to state that
812-512: A category of arid rangeland with insufficient vegetation to support marmots but with enough to support camels. Mongols distinguish Gobi from desert proper, although the distinction is not always apparent to outsiders unfamiliar with the Mongolian landscape. Gobi rangelands are fragile and easily destroyed by overgrazing, which results in expansion of the true desert, a stony waste where not even Bactrian camels can survive. The arid conditions in
928-575: A confederation in 209 BC. Soon they emerged as the greatest threat to the Qin dynasty , forcing the latter to construct the Great Wall of China . It was guarded by up to almost 300,000 soldiers during Marshal Meng Tian 's tenure, as a means of defense against the destructive Xiongnu raids. The vast Xiongnu empire (209 BC–93 AD) was followed by the Mongolic Xianbei empire (93–234 AD), which also ruled more than
1044-513: A dictatorship and organized Stalinist purges in Mongolia between 1937 and 1939, died suspiciously in the Soviet Union in 1952. Comintern leader Bohumír Šmeral said, "People of Mongolia are not important, the land is important. Mongolian land is larger than England, France and Germany". After the Japanese invasion of neighboring Manchuria in 1931, Mongolia was threatened on this front. During
1160-481: A large group of Mongolic-speaking tribes united under the rule of Genghis Khan . Since the adoption of the new Constitution of Mongolia on 13 February 1992, the official name of the state is "Mongolia" ( Mongol Uls ). The Khoit Tsenkher Cave in Khovd Province shows lively pink, brown, and red ochre paintings (dated to 20,000 years ago) of mammoths , lynx , bactrian camels , and ostriches , earning it
1276-496: A market economy was often rocky; during the early 1990s the country had to deal with high inflation and food shortages. The first election victories for non-communist parties came in 1993 (presidential elections) and 1996 (parliamentary elections). China has supported Mongolia's application for membership in the Asia Cooperation Dialogue (ACD), Asia-Pacific Economic Cooperation (APEC) and granting it observer status in
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#17328554934181392-699: A member of the Bank. Other states, which are parties to the International Bank for Reconstruction and Development or the Asian Development Bank may become members after approval of their accession by the bank. The Articles were negotiated by the Prospective Founding Members, with Hong Kong joining the negotiations via China. The 57 Prospective Founding Members can become Founding Members through: All Prospective Founding Members have signed
1508-415: A minor revival of the historic Mongolian script , which is still the official script used by Mongols in neighboring Inner Mongolia . Although Mongolian script has officially been declared the national script , and is taught from the sixth grade onward at schools, it remains mostly confined to ceremonial usage in daily life. In March 2020, the Mongolian government announced plans to use both Cyrillic and
1624-505: A population of 3.5 million, making it the world's most sparsely populated sovereign state . Mongolia is the world's largest landlocked country that does not border a closed sea , and much of its area is covered by grassy steppe , with mountains to the north and west and the Gobi Desert to the south. Ulaanbaatar , the capital and largest city , is home to roughly half of the country's population. The territory of modern-day Mongolia has been ruled by various nomadic empires , including
1740-749: A potential rival or an alternative to the World Bank and the International Monetary Fund (IMF). The proposal for the creation of an "Asian Infrastructure Investment Bank" was first made by the Vice Chairman of the China Center for International Economic Exchanges , a Chinese government think tank, at the Bo'ao Forum in April 2009. The initial context was to make better use of Chinese foreign currency reserves in
1856-479: A quarter of Earth's total population at the time). The emergence of Pax Mongolica also significantly eased trade and commerce across Asia during its height. After Genghis Khan's death, the empire was subdivided into four kingdoms or Khanates . These eventually became quasi-independent after the Toluid Civil War (1260–1264), which broke out in a battle for power following Möngke Khan 's death in 1259. One of
1972-719: A result of the Russian Civil War , the White Russian Lieutenant General Baron Ungern led his troops into Mongolia in October 1920, defeating the Chinese forces in Niislel Khüree (now Ulaanbaatar) in early February 1921 with Mongol support. To eliminate the threat posed by Ungern, Bolshevik Russia decided to support the establishment of a communist Mongolian government and army. This Mongolian army took
2088-526: A series of alliances and intermarriages, as well as military and economic measures. Ambans , Manchu "high officials", were installed in Khüree , Uliastai , and Khovd , and the country was divided into numerous feudal and ecclesiastical fiefdoms (which also placed people in power with loyalty to the Qing). Over the course of the 19th century, the feudal lords attached more importance to representation and less importance to
2204-408: A share in subscribed capital of 15.7 percent and 15.6 percent, respectively. Dominance by both countries and slow reforms underlie China's wish to establish the AIIB, while both countries worry about China's increasing influence. In June 2014 China proposed doubling the registered capital of the bank from $ 50 billion to $ 100 billion and invited India to participate in the founding of the bank. Thank
2320-454: A sovereign state. [REDACTED] Taiwan [REDACTED] United States – No commitment [REDACTED] Japan – "Under Consideration" / No commitment The Authorized Capital Stock of the bank is $ 100 billion ( US dollars ), divided into 1 million shares of $ 100,000 each. Twenty percent are paid-in shares (and thus have to be transferred to the bank), and 80% are callable shares. The allocated shares are based on
2436-431: A statement to The Guardian , declared, Our position on the AIIB remains clear and consistent. The United States and many major global economies all agree there is a pressing need to enhance infrastructure investment around the world. We believe any new multilateral institution should incorporate the high standards of the World Bank and the regional development banks. Based on many discussions, we have concerns about whether
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#17328554934182552-469: A total number reaching 53 by the end of March. German Finance Minister Wolfgang Schäuble stated, "We want to contribute our long-standing experience with international financial institutions to the creation of the new bank by setting high standards and helping the bank to get a high international reputation." In March 2015, the South Korean Ministry of Strategy and Finance announced that it, too,
2668-420: A year, and it is usually at the center of a region of high atmospheric pressure. Precipitation is highest in the north (average of 200 to 350 millimeters (8 to 14 in) per year) and lowest in the south, which receives 100 to 200 millimeters (4 to 8 in) annually. The highest annual precipitation of 622.297 mm (24.500 in) occurred in the forests of Bulgan Province near the border with Russia and
2784-956: Is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia . It is the world's second largest multi-lateral development institution. Headquartered in Beijing , China, the bank currently has 110 members, including 12 prospective members from around the world. The breakdown of the 110 members by continents are as follows: 42 in Asia, 26 in Europe , 22 in Africa , 10 in Oceania , 8 in South America , and 2 in North America . The bank started operation after
2900-489: Is composed of 1 governor for each member state of the bank and in principle meets once a year. The board of directors, composed of 12 governors, each representing one or more member is responsible for daily operations and tasks delegated to it by the board of governors. Nine of those members are from within the Asia-Pacific region and three representing members outside the region. Of the non-regional directors, 1 constituency
3016-531: Is made up of EU member states having the Euro as their currency, and 1 from other European countries. New members are considered for admission only once a year. An overview of the constituencies is shown below: The former President of the World Bank, Jim Yong Kim , has said that the need for infrastructure in developing countries is great so that the activities of new organizations would be welcome. The World Bank, IMF, and Asian Development bank have all cooperated with
3132-657: Is of uncertain etymology. Sükhbataar (1992) and de la Vaissière (2021) proposed it being a derivation from Mugulü , the 4th-century founder of the Rouran Khaganate , first attested as the 'Mungu', ( Chinese : 蒙兀 , Modern Chinese Měngwù , Middle Chinese Muwngu ), a branch of the Shiwei in an 8th-century Tang dynasty list of northern tribes, presumably related to the Liao -era Mungku (Chinese: 蒙古 , Modern Chinese Měnggǔ , Middle Chinese MuwngkuX ). After
3248-477: Is planning to join the AIIB, citing its potential in helping South Korean companies win deals in infrastructural projects as well expanding South Korea's influence in international banking as a founding member. States could indicate their interest in becoming a Prospective Founding Member until 31 March 2015. Negotiations took place in the framework of five Chief Negotiators Meetings (CNMs) which took place between November 2014 and May 2015. The Articles of Agreement,
3364-665: Is the Khüiten Peak in the Tavan bogd massif in the far west at 4,374 m (14,350 ft). The basin of the Uvs Lake , shared with Tuva Republic in Russia, is a natural World Heritage Site . Mongolia is known as the "Land of the Eternal Blue Sky" or "Country of Blue Sky" (Mongolian: "Mönkh khökh tengeriin oron") because it has over 250 sunny days a year. Most of the country is hot in
3480-689: The Dzungars (western Mongols or Oirats) were virtually annihilated during the Qing conquest of Dzungaria in 1757 and 1758. Some scholars estimate that about 80% of the 600,000 or more Dzungar were killed by a combination of disease and warfare. Outer Mongolia was given relative autonomy, being administered by the hereditary Genghisid khanates of Tusheet Khan, Setsen Khan, Zasagt Khan and Sain Noyon Khan. The Jebtsundamba Khutuktu of Mongolia had immense de facto authority. The Manchu forbade mass Chinese immigration into
3596-523: The Mongol Empire , the largest contiguous land empire in world history. Under his successors it stretched from present-day Poland in the west to Korea in the east, and from parts of Siberia in the north to the Gulf of Oman and Vietnam in the south, covering some 33,000,000 square kilometres (13,000,000 sq mi), (22% of Earth's total land area) and had a population of over 100 million people (about
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3712-582: The Mongolian People's Republic to prevent Mongolian reunification. All leaders of Mongolia who did not fulfill Stalin's demands to perform Red Terror against Mongolians were executed, including Peljidiin Genden and Anandyn Amar . The Stalinist purges in Mongolia , which began in 1937, killed more than 30,000 people. Under Stalinist influence in the Mongolian People's Republic , an estimated 17,000 monks were killed, official figures show. Choibalsan , who led
3828-613: The Mongolian part of Kyakhta from Chinese forces on 18 March 1921, and on 6 July, Russian and Mongolian troops arrived in Khüree. Mongolia declared its independence again on 11 July 1921. As a result, Mongolia was closely aligned with the Soviet Union over the next seven decades. In 1924, after the Bogd Khaan died of laryngeal cancer or, as some sources claim, at the hands of Russian spies,
3944-552: The Republic of China used its Security Council veto in 1955, to stop the admission of the Mongolian People's Republic to the United Nations on the grounds it recognized all of Mongolia —including Outer Mongolia— as part of China. This was the only time the Republic of China ever used its veto. Hence, and because of the repeated threats to veto by the ROC, Mongolia did not join the UN until 1961 when
4060-536: The Shanghai Cooperation Organisation . At 1,564,116 km (603,909 sq mi), Mongolia is the world's 18th-largest country. It is significantly larger than the next-largest country, Peru. It mostly lies between latitudes 41° and 52°N (a small area is north of 52°), and longitudes 87° and 120°E . As a point of reference the northernmost part of Mongolia is on roughly the same latitude as Berlin (Germany) and Saskatoon (Canada), while
4176-743: The Soviet-Japanese Border War of 1939, the Soviet Union successfully defended Mongolia against Japanese expansionism. Mongolia fought against Japan during the Battles of Khalkhin Gol in 1939 and during the Soviet–Japanese War in August 1945 to liberate Inner Mongolia from Japan and Mengjiang . The February 1945 Yalta Conference provided for the Soviet Union's participation in the Pacific War . One of
4292-630: The University of Sydney and the World Pensions Council (WPC) have argued that the successful establishment of a new supranational financial powerhouse headquartered in PRC would be facilitated by the large number of participating developed economies. These experts observe that the establishment of the Beijing-based AIIB does not necessitate rivalry, when economic cooperation is possible, and that
4408-956: The Xiongnu , the Xianbei , the Rouran , the First Turkic Khaganate , the Second Turkic Khaganate , the Uyghur Khaganate and others. In 1206, Genghis Khan founded the Mongol Empire , which became the largest contiguous land empire in history. His grandson Kublai Khan conquered China proper and established the Yuan dynasty . After the collapse of the Yuan, the Mongols retreated to Mongolia and resumed their earlier pattern of factional conflict, except during
4524-703: The 1990s and the first decade of the 21st century with generally disappointing results. In his 29 March 2015 speech at the Boao Forum for Asia (BFA) annual conference, Xi Jinping said: [T]he Chinese economy is deeply integrated with the global economy and forms an important driving force of the economy of Asia and even the world at large. […] China's investment opportunities are expanding. Investment opportunities in infrastructure connectivity as well as in new technologies, new products, new business patterns, and new business models are constantly springing up. […] China's foreign cooperation opportunities are expanding. We support
4640-476: The AIIB "has clearly met the U.S. request for China to function as a 'responsible stakeholder' in the world economy." There is no consensus in the United States about the role of the AIIB. John Ikenberry sees the AIIB as part of "China's emerging institutional statecraft," but argues that it is not clear whether the institution will tie China more deeply into the existing order or become a vehicle to challenge
4756-510: The AIIB as a compliment to the Bretton Woods institutions and which further increases overall capacity for development funds. Economist C. Fred Bergsten describes the AIIB as "helping meet a clear need for more infrastructure funding throughout Asia (and elsewhere)." He concludes that the AIIB "has adhered to internationally agreed norms and best practices, and is innovating some of its own." Additionally, Bergsten writes that China's role in
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4872-535: The AIIB has one of the most toxic cultures imaginable. Later the same day, Chrystia Freeland , the Deputy Prime Minister of Canada and Finance Minister announced that Canada is freezing ties with the AIIB while carrying out an investigation of the allegations and Canada's involvement in the AIIB. In the following day, the AIIB launched an internal investigation and welcomed the Canadian review, but called
4988-446: The AIIB was explicitly linked to China's Belt and Road Initiative . The AIIB was subsequently broadened to include investments with states that are not involved with the BRI and its mission characterized more generally as building "infrastructure for tomorrow," with a focus on green infrastructure and connectivity. In April 2014, Chinese Premier Li Keqiang delivered a keynote speech at
5104-508: The AIIB will meet these high standards, particularly related to governance, and environmental and social safeguards [...] The international community has a stake in seeing the AIIB complement the existing architecture, and to work effectively alongside the World Bank and Asian Development Bank. After the UK's decision to join the AIIB, a surge of new applications followed, including several other European states – including Germany, France and Italy – with
5220-450: The Articles of Agreement, the bank's charter, into force. 35 other states followed later, taking the amount of Authorized Capital Stock held by the 29 members of the bank to 74%. The Asian Infrastructure Investment Bank can be construed as a natural inter-national extension of the infrastructure-driven economic development framework that has sustained the rapid economic growth of China since
5336-1509: The Articles, 52 of which have ratified them, comprising 92% of the shares of all PFM. The formal actions towards becoming a Founding Member are shown below, as well as the percentage of the votes and of the shares, in the event all prospective founding states become parties, and no other members are accepted. In March 2017, 13 other states were granted prospective membership: 5 regional ( Afghanistan , Armenia, Fiji, Timor Leste and Hong Kong, China) and 8 non-regional: Belgium, Canada, Ethiopia, Hungary, Ireland, Peru, Sudan and Venezuela. In May 2017, 7 states were granted prospective membership: 3 regional (Bahrain, Cyprus, Samoa) and 4 non-regional (Bolivia, Chile, Greece, Romania). In June 2017, 3 other states were granted prospective membership: 1 regional (Tonga) and 2 non-regional (Argentina, Madagascar). In 2018, 7 other states were granted prospective membership: 1 regional (Lebanon) and 6 non-regional (Algeria, Ghana, Libya, Morocco, Serbia, Togo). In 2019, 9 other states were granted prospective membership: 9 non-regional (Djibouti, Rwanda, Benin, Côte d'Ivoire, Guinea, Tunisia, Uruguay, Croatia, Senegal). In 2020, Liberia were granted prospective membership. In 2021, 2 states were granted prospective membership:1 regional (Iraq) and 1 non-regional (Nigeria). In 2023, 4 states were granted prospective membership: 4 non-regional (Mauritania, El Salvador, Solomon Islands, Tanzania). They become members after finishing their domestic procedures. As of 31 October 2024,
5452-717: The Genghisids. In the mid-16th century, Altan Khan of the Tümed, a grandson of Dayan Khan – but not a hereditary or legitimate Khan – became powerful. He founded Hohhot in 1557. After he met with the Dalai Lama in 1578, he ordered the introduction of Tibetan Buddhism to Mongolia. (It was the second time this had occurred.) Abtai Khan of the Khalkha converted to Buddhism and founded the Erdene Zuu monastery in 1585. His grandson Zanabazar became
5568-467: The Gobi are attributed to the rain shadow effect caused by the Himalayas. Before the Himalayas were formed by the collision of the Indo-Australian plate with the Eurasian plate 10 million years ago, Mongolia was a flourishing habitat for major fauna but still somewhat arid and cold due to distance from sources of evaporation. Sea turtle and mollusk fossils have been found in the Gobi, apart from well-known dinosaur fossils. Tadpole shrimps are still found in
5684-428: The Gobi today. The eastern part of Mongolia including the Onon and Kherlen rivers and Lake Buir form part of the Amur river basin draining to the Pacific Ocean. It hosts some unique species like the Eastern brook lamprey, Daurian crayfish ( cambaroides dauricus ) and Daurian pearl oyster ( dahurinaia dahurica ) in the Onon/Kherlen rivers as well as Siberian prawn ( exopalaemon modestus ) in Lake Buir. Mongolia had
5800-479: The Kyrgyz. The Mongolic Khitans , descendants of the Xianbei, ruled Mongolia during the Liao dynasty (907–1125), after which the Khamag Mongol (1125–1206) rose to prominence. Lines 3–5 of the memorial inscription of Bilge Khagan (684–737) in central Mongolia summarizes the time of the Khagans : In battles they subdued the nations of all four sides of the world and suppressed them. They made those who had heads bow their heads, and who had knees genuflect them. In
5916-412: The Ming armies pursued the Mongols into their homeland, they successfully sacked and destroyed the Mongol capital Karakorum and other cities. Some of these attacks were repelled by the Mongols under Ayushridar and his general Köke Temür . After the expulsion of the Yuan rulers from China proper , the Mongols continued to rule their homeland, known in historiography as the Northern Yuan dynasty. With
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#17328554934186032-404: The Qing, and after the fall of the Qing dynasty in 1911, the contract of Mongolian submission to the Manchu had become invalid. The area controlled by the Bogd Khaan was approximately that of the former Outer Mongolia during the Qing period. In 1919, after the October Revolution in Russia, Chinese troops led by warlord Xu Shuzheng occupied Mongolia. Warfare erupted on the northern border. As
6148-400: The Republic of China in 1921. Shortly thereafter, the country became a satellite state of the Soviet Union . In 1924, the Mongolian People's Republic was founded as a socialist state . After the anti-communist revolutions of 1989 , Mongolia conducted its own peaceful democratic revolution in early 1990. This led to a multi-party system , a new constitution of 1992 , and transition to
6264-408: The Silk Road Fund and the Asian Infrastructure Investment Bank would foster "economic connectivity and a new-type of industrialization [in the Asia Pacific area], and [thus] promote the common development of all countries as well as the peoples' joint enjoyment of development fruits." Academic Suisheng Zhao writes that China's launching of the AIIB was intended by China to reduce tensions caused by
6380-447: The Soviet Union agreed to lift its veto on the admission of Mauritania (and any other newly independent African state), in return for the admission of Mongolia. Faced with pressure from nearly all the other African countries, the ROC relented under protest. Mongolia and Mauritania were both admitted to the UN on 27 October 1961. (see China and the United Nations ) On 26 January 1952, Yumjaagiin Tsedenbal took power in Mongolia after
6496-420: The Soviet Union to the West, and English has become the dominant foreign language, aided by liberalized media, international aid agencies, the rise of private education and tutoring, as well as official government policy. In the 2014–2015 academic year, 59% of the overall student population studied English at public secondary schools. In 2023, English was declared the "first foreign language", and to be taught from
6612-410: The Soviet conditions for its participation, put forward at Yalta, was that after the war Outer Mongolia would retain its independence. The referendum took place on 20 October 1945, with (according to official numbers) 100% of the electorate voting for independence. After the establishment of the People's Republic of China , both countries confirmed their mutual recognition on 6 October 1949. However,
6728-413: The U.S. Census Bureau figure). UN estimates resemble those made by the Mongolian National Statistical Office (2,612,900, end of June 2007). Mongolia's population growth rate is estimated at 1.2% (2007 est.). About 59% of the total population is under age 30, 27% of whom are under 14. This relatively young and growing population has placed strains on Mongolia's economy. The first census in the 20th century
6844-406: The United States' efforts to delay reform of the Bretton Woods system, intended to provide international public goods, and intended to provide China with increased participation in international rule-making. The Articles of Agreement form the legal basis for the Bank. 57 Prospective Founding Members (PFM) named in annex A of the agreement are eligible to sign and ratify the Articles, thus becoming
6960-436: The adoption of the Chinese economic reform under Chinese leader Deng Xiaoping . It stems from the notion that long-term economic growth can only be achieved through systematic, and broad-based investments in infrastructure assets – in contrast with the more short-term "export-driven" and "domestic consumption" development models favored by mainstream Western Neoclassical economists and pursued by many developing countries in
7076-406: The agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of
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#17328554934187192-463: The allegation "baseless." In December 2023, the Canadian Finance Ministry announced that it would be expanding its investigation to include "an analysis of AIIB investments, its governance and management frameworks, as well as an examination of whether its environmental and social governance safeguards are effective and sufficient". In the United Kingdom, AIIB faced criticism for having seconded HM Treasury staff. Conservative MP Tim Loughton , who
7308-418: The area, which allowed the Mongols to keep their culture. The Oirats who migrated to the Volga steppes in Russia became known as Kalmyks . The main trade route during this period was the Tea Road through Siberia; it had permanent stations located every 25 to 30 kilometres (16 to 19 mi), each of which was staffed by 5–30 chosen families. Until 1911, the Qing dynasty maintained control of Mongolia with
7424-424: The bank was US$ 100 billion, equivalent to 2 ⁄ 3 of the capital of the Asian Development Bank and about half that of the World Bank . The bank was first proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014. It has since received the highest credit ratings from the three biggest rating agencies in the world, and has been seen since its inception as
7540-462: The country's political system was changed. The Mongolian People's Republic was established. In 1928, Khorloogiin Choibalsan rose to power. The early leaders of the Mongolian People's Republic (1921–1952) included many with Pan-Mongolist ideals. However, changing global politics and increased Soviet pressure led to the decline of Pan-Mongol aspirations in the following period. Khorloogiin Choibalsan instituted collectivization of livestock, began
7656-480: The country's livestock dying from starvation or freezing temperatures or both, resulting in economic upheaval for the largely pastoral population. The annual average temperature in Ulaanbaatar is −1.3 °C (29.7 °F), making it the world's coldest capital city. Mongolia is high, cold and windy. It has an extreme continental climate with long, cold winters and short summers, during which most of its annual precipitation falls. The country averages 257 cloudless days
7772-446: The death of Choibalsan. Tsedenbal was the leading political figure in Mongolia for more than 30 years. While Tsedenbal was visiting Moscow in August 1984, his severe illness prompted the parliament to announce his retirement and replace him with Jambyn Batmönkh . The dissolution of the Soviet Union in 1991 strongly influenced Mongolian politics and youth . Its people undertook the peaceful Democratic Revolution in January 1990 and
7888-417: The decision by the UK to participate advances its own interests even if some of its allies are opposed. Although the proposed bank declared "AIIB will learn from the best practice in the world and adopt international standards of environmental protection," Oxford scholar of economics and energy policy Yuge Ma has argued that this may be complicated in developing Asian countries. In June 2023, Bob Pickard ,
8004-431: The decision. It was further stated that joining the bank as a founding member would allow the UK to influence the development of the institution. By encouraging Chinese investments in the next generations of nuclear power plants, Osborne announced that "the City of London would become the base for the first clearing house for the yuan outside Asia." Following the criticism, the White House National Security Council , in
8120-443: The destruction of the Buddhist monasteries, and carried out Stalinist purges , which resulted in the murders of numerous monks and other leaders. In Mongolia during the 1920s, approximately one-third of the male population were monks. By the beginning of the 20th century, 750 monasteries were functioning in Mongolia and by the end of the 1930s almost all had been looted or razed. In 1930, the Soviet Union stopped Buryat migration to
8236-459: The division of the Mongol tribes, it was subsequently also known as "The Forty and the Four" (Döčin dörben) among them. The next centuries were marked by violent power struggles among various factions, notably the Genghisids and the non-Genghisid Oirats , as well as by several Ming invasions (such as the five expeditions led by the Yongle Emperor ). In the early 16th century, Dayan Khan and his khatun Mandukhai reunited all Mongol groups under
8352-639: The dominant culture. Horse-riding nomadism has been documented by archeological evidence in Mongolia during the Copper and Bronze Age Afanasevo culture (3500–2500 BC); this Indo-European culture was active to the Khangai Mountains in Central Mongolia. The wheeled vehicles found in the burials of the Afanasevans have been dated to before 2200 BC. Pastoral nomadism and metalworking became more developed with
8468-624: The east up to the Kadyrkhan common people, in the west up to the Iron Gate they conquered... These Khagans were wise. These Khagans were great. Their servants were wise and great too. Officials were honest and direct with people. They ruled the nation this way. This way they held sway over them. When they died ambassadors from Bokuli Cholug (Baekje Korea), Tabgach (Tang China), Tibet (Tibetan Empire), Avar (Avar Khaganate), Rome (Byzantine Empire), Kirgiz , Uch-Kurykan, Otuz-Tatars, Khitans , Tatabis came to
8584-455: The entirety of present-day Mongolia. The Mongolic Rouran Khaganate (330–555), of Xianbei provenance was the first to use "Khagan" as an imperial title. It ruled a massive empire before being defeated by the Göktürks (555–745), an even larger empire. The Göktürks laid siege to Panticapaeum , present-day Kerch , in 576. They were succeeded by the Uyghur Khaganate (745–840) who were defeated by
8700-481: The era of Dayan Khan and Tumen Zasagt Khan . In the 16th century, Tibetan Buddhism spread to Mongolia, being further led by the Manchu -founded Qing dynasty , which absorbed the country in the 17th century. By the early 20th century, almost one-third of the adult male population were Buddhist monks. After the collapse of the Qing dynasty in 1911, Mongolia declared independence , and achieved actual independence from
8816-702: The fall of the Liao dynasty in 1125, the Khamag Mongols became a leading tribe on the Mongolian Plateau . However, their wars with the Jurchen -ruled Jin dynasty and the Tatar confederation had weakened them. The last head of the tribe was Yesügei , whose son Temüjin eventually united all the Shiwei tribes as the Mongol Empire ( Yekhe Monggol Ulus ). In the thirteenth century, the word Mongol grew into an umbrella term for
8932-561: The fall of the Qing dynasty in 1911, Mongolia under the Bogd Khaan declared its independence. However, the newly established Republic of China considered Mongolia to be part of its own territory. Yuan Shikai , the President of the Republic of China , considered the new republic to be the successor of the Qing. Bogd Khaan said that both Mongolia and China had been administered by the Manchu during
9048-587: The fertility value increased to 2.8 in 2013 and stabilised afterwards at a rate of about 2.5-2.6 children per woman around 2020. The Mongols are moderately homogeneous; ethnic Mongols account for about 95% of the population and consist of Khalkha and other groups, all distinguished primarily by dialects of the Mongol language. The Khalkha make up 86% of the ethnic Mongol population. The remaining 14% include Oirats, Buryats and others. Turkic peoples ( Kazakhs and Tuvans ) constitute 4.5% of Mongolia's population, and
9164-479: The first Jebtsundamba Khutughtu in 1640. Following the leaders, the entire Mongolian population embraced Buddhism. Each family kept scriptures and Buddha statues on an altar at the north side of their yurt . Mongolian nobles donated land, money and herders to the monasteries. As was typical in states with established religions, the top religious institutions, the monasteries, wielded significant temporal power in addition to spiritual power. The last Khagan of Mongols
9280-483: The funerals. So many people came to mourn over the great Khagans. They were famous Khagans. In the chaos of the late 12th century, a chieftain named Temüjin finally succeeded in uniting the Mongol tribes between Manchuria and the Altai Mountains . In 1206, he took the title Genghis Khan , and waged a series of military campaigns – renowned for their brutality and ferocity – sweeping through much of Asia, and forming
9396-415: The introduction of a multi-party system and a market economy. At the same time, the transformation of the former Marxist-Leninist Mongolian People's Revolutionary Party to the current social democratic Mongolian People's Party reshaped the country's political landscape. A new constitution was introduced in 1992, and the term "People's Republic" was dropped from the country's name. The transition to
9512-512: The khanates, the "Great Khaanate", consisting of the Mongol homeland and most of modern-day China, became known as the Yuan dynasty under Kublai Khan , the grandson of Genghis Khan. He set up his capital in present-day Beijing. After more than a century of power, the Yuan dynasty was overthrown by the Ming dynasty in 1368, and the Yuan court fled to the north, thus becoming the Northern Yuan dynasty . As
9628-612: The later Okunev culture (2nd millennium BC), Andronovo culture (2300–1000 BC) and Karasuk culture (1500–300 BC), culminating with the Iron Age Xiongnu Empire in 209 BC. Monuments of the pre-Xiongnu Bronze Age include deer stones , keregsur kurgans , square slab tombs , and rock paintings. Although cultivation of crops has continued since the Neolithic, agriculture has always remained small in scale compared to pastoral nomadism. Agriculture may have first been introduced from
9744-462: The legal framework of the bank, were concluded in the fifth CNM. It was signed on 29 June 2015 by 50 of the named 57 prospective founding members in Beijing, while the other seven signed later. On 25 December 2015, the Articles of Agreement entered into force. On 16 January 2016, the board of governors of the bank convened its inaugural meeting in Beijing and declared the bank open for business. Jin Liqun
9860-467: The lowest of 41.735 mm (1.643 in) occurred in the Gobi Desert (period 1961–1990). The sparsely populated far north of Bulgan Province averages 600 mm (24 in) in annual precipitation which means it receives more precipitation than Beijing (571.8 mm or 22.51 in) or Berlin (571 mm or 22.5 in). The name "Gobi" is a Mongol term for a desert steppe, which usually refers to
9976-547: The membership in time. Indonesia signed the MOU on 25 November 2014. The U.S. allegedly tried to keep Australia and South Korea from becoming prospective founding members, after they expressed an interest in it. However, both Australia and South Korea applied to join the bank in March 2015. Hong Kong's Financial Secretary John Tsang announced in his budget speech in February 2015 that
10092-413: The membership of dependent territories must be supported by the state responsible for its external relations. The Czech Republic, Nigeria, Iraq, Colombia, Ukraine are considering joining the AIIB as members. Mexico, Japan and the United States have no immediate intention to participate. Taiwan's request to become a Prospective Founding Member was rejected by China as it does not consider the former to be
10208-578: The multilateral trading system, devote ourselves to the Doha Round negotiations, advocate the Asia-Pacific free trade zone, promote negotiations on regional comprehensive economic partnership, advocate the construction of the Asian Infrastructure Investment Bank (AIIB), boost economic and financial cooperation in an all-round manner, and work as an active promoter of economic globalization and regional integration. Xi insisted also that
10324-469: The nickname "the Lascaux of Mongolia". The Venus figurines of Mal'ta (21,000 years ago) testify to the level of Upper Paleolithic art in northern Mongolia; Mal'ta is now part of Russia. Neolithic agricultural settlements (c. 5500–3500 BC), such as those at Norovlin, Tamsagbulag, Bayanzag, and Rashaan Khad, predated the introduction of horse-riding nomadism, a pivotal event in the history of Mongolia which became
10440-480: The opening of the Boao Forum for Asia and said that China was ready to intensify consultations with relevant parties in and outside Asia on the preparations for the Asian Infrastructure Investment Bank. The Asian Development Bank Institute published a report in 2010 which said that the region requires $ 8 trillion to be invested from 2010 to 2020 in infrastructure for the region to continue economic development. In
10556-485: The order. Phillip Lipscy ( Stanford University ) argues that the United States and Japan should support the AIIB to encourage China's peaceful global leadership and discourage China from pursuing coercive or military options. On the other hand, Paola Subacchi ( Chatham House ) argues that the AIIB represents a threat to US-dominated global governance. Think-tanks such as Chatham House, the China Studies Centre at
10672-524: The prehistoric times, Mongolia has been inhabited by nomads who, from time to time, formed great confederations that rose to power and prominence. Common institutions were the office of the Khan , the Kurultai (Supreme Council), left and right wings, imperial army ( Keshig ) and the decimal military system. The first of these empires, the Xiongnu of undetermined ethnicity, were brought together by Modu Shanyu to form
10788-655: The responsibilities towards their subjects. The behavior of Mongolia's nobility, together with usurious practices by Chinese traders and the collection of imperial taxes in silver instead of animals, resulted in widespread poverty among the nomads. By 1911 there were 700 large and small monasteries in Outer Mongolia; their 115,000 monks made up 21% of the population. Apart from the Jebtsundamba Khutuktu, there were 13 other reincarnating high lamas, called 'seal-holding saints' ( tamgatai khutuktu ), in Outer Mongolia. With
10904-541: The rest are Russian, Chinese, Korean and American nationalities. Mongolia's official and national language is Mongolian . A member of the Mongolic language family, the standard dialect is Khalkha Mongol . It coexists with various other, largely mutually intelligible varieties of Mongolic such as Oirat , Buryat , and Khamnigan . Several dialects have been morphing to become more like the central Khalkha dialect in recent years. Most speakers of these dialects are located in
11020-588: The size of each member country's economy (calculated using GDP Nominal (60%) and GDP PPP (40%)) and whether they are an Asian or Non-Asian Member. The total number of shares will determine the fraction of authorized capital in the bank. Of the prospective founding members, three states decided not to subscribe to all allocated shares: Malaysia, Portugal, and Singapore, resulting in 98% of available shares being subscribed. Three categories of votes exist: basic votes, share votes and Founding Member votes. The basic votes are equal for all members and constitute 12% of
11136-461: The south in addition to being more stable. The Khangai Mountains play a certain role in forming this microclimate. In Tsetserleg, the warmest town in this microclimate, nighttime January temperatures rarely go under −30 °C (−22 °F) while daytime January temperatures often reach 0 °C (32 °F) to 5 °C (41 °F). The country is subject to occasional harsh climatic conditions known as zud . It results in large proportions of
11252-553: The southernmost part is on roughly the same latitude as Rome (Italy) and Chicago (USA). The westernmost part of Mongolia is on roughly the same longitude as Kolkata in India, while the easternmost part is on the same longitude as Qinhuangdao and Hangzhou in China, as well as the western edge of Taiwan. Although Mongolia does not share a border with Kazakhstan, its westernmost point is only 36.76 kilometres (22.84 mi) from Kazakhstan, nearly making
11368-401: The summer and extremely cold in the winter, with January averages dropping as low as −30 °C (−22 °F). A vast front of cold, heavy, shallow air comes in from Siberia in winter and collects in river valleys and low basins causing very cold temperatures while slopes of mountains are much warmer due to the effects of temperature inversion (temperature increases with altitude). In winter
11484-510: The territory would join the AIIB. It did however not become one of the prospective founding members and negotiated as part of the Chinese delegation. In early March 2015, the United Kingdom's Chancellor of the Exchequer , George Osborne , announced that the UK had decided to apply to join the Bank, becoming the third Western country to do so after Luxembourg and New Zealand. The announcement
11600-511: The third grade. As of the 2014–2015 academic year, the most popular foreign language in specialized language courses were (ordered by popularity), English, Chinese , Russian, Japanese , and Korean . Korean in particular has gained popularity as tens of thousands of Mongolians work in South Korea , forming the largest group of Mongolians abroad . Asian Infrastructure Investment Bank The Asian Infrastructure Investment Bank ( AIIB )
11716-426: The total number of countries approved for membership of AIIB is 110 (Regional Members: 48, Non-Regional Members: 50, Prospective Members: 12). Countries holding at least 2.0% of either the total subscriptions or voting powers are in bold . Members Prospective Members The Articles of Agreement provide for non-sovereign entities to become members of the bank. In addition to the requirements for sovereign states,
11832-477: The total votes, while the share votes are equal to the number of shares. Each Founding Member furthermore gets 600 votes. An overview of the shares, assuming when all 57 Prospective Founding Members have become Founding Members is shown below (values in bold do not depend on the number of members): The bank's governance structure is composed of the Board of Governors as the top-level and highest decision-making body. It
11948-495: The traditional Mongolian script in official documents by 2025. Since 1990, English has quickly supplanted Russian as the most popular foreign language in Mongolia. In the communist era , Russian was a vital language for mobility and professional communication, with a large number of students studying in the Soviet Union as well as a large number of Soviet professionals and soldiers located within Mongolia. Since then, however, Mongolia's education system has reoriented away from
12064-645: The wake of the global financial crisis. The initiative was officially launched by General Secretary of the Chinese Communist Party Xi Jinping on a state visit to Indonesia in October 2013. The Chinese government has been frustrated with what it regards as the slow pace of reforms and governance, and wants greater input in global established institutions like the IMF , World Bank and Asian Development Bank which it claims are heavily dominated by American, European and Japanese interests. At inception,
12180-514: The warmest January temperatures in Omnogovi Province ( Dalanzadgad , Khanbogd ) and the region of the Altai mountains bordering China. A unique microclimate is the fertile grassland-forest region of central and eastern Arkhangai Province ( Tsetserleg ) and northern Ovorkhangai Province ( Arvaikheer ) where January temperatures are on average the same and often higher than the warmest desert regions to
12296-506: The west or arose independently in the region. The population during the Copper Age has been described as mongoloid in the east of what is now Mongolia, and as europoid in the west. Tocharians ( Yuezhi ) and Scythians inhabited western Mongolia during the Bronze Age. The mummy of a Scythian warrior, which is believed to be about 2,500 years old, was a 30- to 40-year-old man with blond hair; it
12412-578: The western part of the country, namely Bayan-Ölgii , Uvs , and Khovd . Kazakh , a Turkic language , is the majority language in Bayan-Ölgii, while Tuvan is another Turkic language spoken in Khövsgöl . Mongolian Sign Language is the principal language of the deaf community. Today, Mongolian is mainly written using the Cyrillic alphabet , introduced during the 1940s. Since the 1990 revolution there has been
12528-652: The western regions. Mongolia is a member of the United Nations , Asia Cooperation Dialogue , G77 , Asian Infrastructure Investment Bank , Non-Aligned Movement and a NATO global partner . Mongolia joined the World Trade Organization in 1997 and seeks to expand its participation in regional economic and trade groups. The name Mongolia means the "Land of the Mongols" in Latin. The Mongolian word "Mongol" ( монгол )
12644-523: The whole of Mongolia comes under the influence of the Siberian Anticyclone . The localities most severely affected by this cold weather are Uvs province ( Ulaangom ), western Khovsgol ( Rinchinlhumbe ), eastern Zavkhan ( Tosontsengel ), northern Bulgan (Hutag) and eastern Dornod province (Khalkhiin Gol). Ulaanbaatar is strongly, but less severely, affected. The cold gets less severe as one goes south, reaching
12760-635: Was Ligden Khan in the early 17th century. He came into conflicts with the Manchus over the looting of Chinese cities, and also alienated most Mongol tribes. He died in 1634. By 1636, most of the Inner Mongolian tribes had submitted to the Manchus, who founded the Qing dynasty . The Khalkha eventually submitted to Qing rule in 1691, thus bringing all of today's Mongolia under Manchu rule. After several Dzungar–Qing Wars ,
12876-407: Was carried out in 1918 and recorded a population of 647,500. Since the end of socialism, Mongolia has experienced a decline of total fertility rate (children per woman) that is steeper than in any other country in the world, according to recent UN estimations: in 1970–1975, fertility was estimated to be 7.33 children per woman, dropping to about 2.1 in 2000–2005. The decline ended and in 2005–2010,
12992-577: Was criticised by the U.S. Obama Administration . A US government official told Financial Times , "We are wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power." The official further stated that the British decision was taken after "no consultation with the US." In response, the UK indicated that the subject had been discussed between Chancellor Osborne and US Treasury Secretary Jack Lew for several months preceding
13108-591: Was elected as the bank's president for a five-year term. 17 states (Australia, Austria, Brunei, China, Georgia, Germany, Jordan, Luxembourg, Mongolia, Myanmar, the Netherlands, New Zealand, Norway, Pakistan, Singapore, South Korea and the United Kingdom) together holding 50.1% of the initial subscriptions of Authorized Capital Stock, had deposited the instrument of ratification for the agreement, triggering entry into force, and making them all founding members and bringing
13224-572: Was found in the Altai , Mongolia. As equine nomadism was introduced into Mongolia, the political center of the Eurasian Steppe also shifted to Mongolia, where it remained until the 18th century CE. The intrusions of northern pastoralists (e.g. the Guifang, Shanrong, and Donghu ) into China during the Shang dynasty (1600–1046 BC) and Zhou dynasty (1046–256 BC) presaged the age of nomadic empires . Since
13340-518: Was founded in Beijjing in October 2014. On 24 October 2014, twenty-one countries signed a Memorandum of Understanding (MOU) regarding the AIIB in Beijing, China: Bangladesh, Brunei, Cambodia, India, Kazakhstan, Kuwait, Laos, Malaysia, Myanmar, Mongolia, Nepal, Oman, Pakistan, Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam. Indonesia's joining was slightly delayed due to their new presidential administration not being able to review
13456-538: Was impacted by a Chinese cyber campaign , called for an audit of the UK's relationship with the AIIB. According to a report by the Intelligence and Security Committee of Parliament , Sir Danny Alexander's appointment as vice-president of the AIIB was partially influenced by the Chinese government, intending to lend credibility to Chinese investments through his name. AIIB loans are fully transparent and publicly accessible on AIIB's website. During 2016, AIIB committed
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