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Blacklisted by the World Bank, Chicago ﬁrm still gets millions in new contracts
In 2006, the Mongolian Finance Ministry hired a small Chicago-based consulting firm called Glocoms to strengthen its budget planning. The $1.5 million job, financed by the World Bank, aimed to help a country still grappling with Soviet legacies to reallocate its spending and reduce its debt.
No wonder Genghis Khan sought comfort elsewhere
You can do that in Mongolia, and you really don’t have much of a choice. For 5,000 years, rural Mongolians have lived in gers, or yurts, which are round, pointy shelters covered in white wool felt. Picture miniature circus tents, and you have gers.
Buddhism continues to flower in Mongolia
In the crimson-painted interior of a monastery in central Mongolia, boys as young as 6 face one another cross-legged on benches and chant Tibetan Buddhist prayers that they barely understand. Some fidget and get up every now and then to ladle bowls of fermented horse milk from a large metal vat. Their teachers occasionally call [...]