The Government of Mongolia took early action in response to the outbreak of COVID-19 in China. In late January, the Government imposed stringent measures including closing schools and restricting public meetings, movements and also banning of all international flights, road and rail passenger traffic. To date 219 persons have been tested positive for COVID-19, all of whom are imported cases of which 175 have recovered. There is no community transmission to date*. Many of restrictions are still valid and expected to stay in place for an extended period. Schools will be closed until 1 September 2020.
Though the virus is not widespread in the Mongolia, the extensive prevention measures are resulting in significant economic and social impact, especially on vulnerable groups. On a brief released by ADB on 6th March 2020, on the economic impact on Asia of COVID-19, Mongolia is listed as the 6th economy in the region that will most likely be affected in a moderate case scenario, followed by China. On 3 April, ADB Mongolia introduced a new estimation of Mongolia’s 2020 economic growth and anticipated a reduction of 2.1% from initial projection of 6%. In case the COVID situation continues to the second half of the year, the country’s economy is projected to further shrink.
*As of 29 June June 2020