IMF Watch: An IMF Article IV mission has left Ulaanbaatar with a clear message: growth is projected at 5.8% this year, but Mongolia faces a worsening fiscal outlook, with the overall balance shifting from a 2025 surplus to a deficit by 2026 and debt rising toward 62% of GDP by 2031. Trade & Tariffs: Mongolia and the EAEU have moved ahead with interim tariff cuts, exempting 367 product categories under agreed conditions—aimed at boosting exports, especially in agriculture and livestock. Housing Fraud Probe: Police have logged nearly 40,000 fraud cases nationwide over three years, including 1,167 “housing reservation” scams; a new working group will focus on victims who paid for apartments but never received keys. National Naadam Complex: The Cabinet has instructed a public-private partnership to build a National Naadam Complex at Khui Doloon Khudag, with a planned 30,000-seat arena and an estimated MNT 100 billion preliminary investment. Bayan Khundii Update: Erdene reports stronger Q2 gold output at the Bayan Khundii mine, with 11,709 ounces produced and improved ore grades and recoveries. Public Health Alert: A suspected bubonic plague case has been reported in western Mongolia after possible marmot meat exposure, with PCR testing underway. Education & Culture: Mongolia’s national team won medals at the International Economics Olympiad in Shenzhen, and Tajik President Rahmon visited the Chinggis Khaan National Museum during his state visit.