As we continue traveling on our 25-day journey through our 25 years’ history
, today we look back at the year 1997. Before digging into what the economic and social situation of the country looked like back then and what our Bank colleagues accomplished in Mongolia during the year, I want to quickly reflect on my own life back in the year.
The year of 1997 happened to be a turning point in my life as it was the year when my family moved from the far western aimag of Khovd to the capital city Ulaanbaatar after having lived in the aimag center for well over a decade. The things I remember truly well from the time are, firstly, we did not have power in Khovd, so we had to study in candlelight and cook on gas stoves imported from China or using firewood inside our apartment. Another major thing I had much excitement about at the time was that we were able to get our modest one-bedroom apartment in Khovd privatized, sell it to a local to finally move back to the big city to get closer to our relatives in the south of the country. All in all, in my thirteen year old mind back in 1997, life was somewhat tough with basic living conditions in remote areas still rather poor yet things were changing as I know it, perhaps for the good. Years later now, when I look back into 1997, in my thirty something mind, surprisingly, I get a similar picture. The social and economic situation in the country was still challenging in many ways but the country continued to transition and change, perhaps towards more good.