Dec 7, 2024 71 min read Daily News Summaries

Mongolia News Summary for December 07, 2024

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of Mongolia Strategy Center or its members.

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Politics

Conducting the First Review of the Political Parties Bill

Published: 2024-12-06 | Translated from: montsame.mn

The Permanent Committee on State Structure of the State Great Khural convened to conduct the first review of the bill for amending the Law on Political Parties (revised version). This review included proposed changes to the law on the procedure for following the revised Law on Political Parties. Under the President of the Permanent Committee on State Structure, Member of Parliament J. Bat-Erdene, a working group was formed to prepare the bill for discussion in the committee and general meetings. Members of Parliament L. Munkhbaatar, O. Tsogtgerel, E. Odbayar, and G. Uyangakhishig participated in this working group. At the beginning of the meeting, working group member G. Uyangakhishig presented the group's recommendations, stating that they held two meetings to align party statutes, programs, and internal organization with the revised Law on Political Parties, extending the implementation period until August 1, 2027. It was suggested to amend the requirement in the current procedural law passed on July 7, 2023, that changes to party statutes, programs, and organization must be submitted to the Supreme Court within 30 days. Instead, it was proposed that such amendments be included in the bill submitted to the government on October 22. Additionally, proposals were brought forth from 20 female MPs and were included in the official letter from the General Election Commission to the Minister of Justice, concerning financial support as specified in the revised law. To resolve this issue, the procedural law must incorporate the alignment of party statutes, programs, and internal structure with the revised law, allowing time for necessary changes to be implemented and submitted to the Supreme Court by December 31, 2025, within 30 days of enactment. Moreover, the bill proposed that the effective date of this law be changed to December 20, 2024, from the date of its approval. The Standing Committee discussed the drafts as per the law on Procedures of the Parliamentary Assembly, allowing MPs to ask questions and express their opinions. The committee resolved to modify the proposal that the alignment of party statutes, programs, and internal organization with the revised Law on Political Parties be extended to August 1, 2027. Instead, this period was adjusted to require completion by December 31, 2025, for submission to the Supreme Court within 30 days. The effective date noted in Article 2 of the bill was also changed to December 20, 2024. These changes received the majority support of the committee members.

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Recommendation to Annul the Closed-Approved City Budget

Published: 2024-12-06 | Translated from: isee.mn

The city council of representatives met two days ago and discussed the 2025 budget in a closed session, subsequently approving it. This coincides with the period when the President imposed a complete veto on the 2025 budget law approved by the Parliament, and the Parliament accepted the veto and annulled its approved law, requiring the Government to re-submit the next year's budget proposal. In other words, as it violated the procedural steps of approving the national budget first before approving local budgets according to the budget law, a recommendation to annul the approved budget has been sent to the city council's chairman A. Bayart by N. Uchral, the Chief of the Cabinet Secretariat. Similarly, recommendations to address the violations have been sent to the provincial councils of Tuv and Zavkhan, which also held sessions to approve their 2025 budgets.

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Recommendation to Revoke the Capital's 2025 Budget Delivered

Published: 2024-12-06 | Translated from: news.mn

The President has vetoed the 2025 budget law passed by the State Great Khural (Parliament). By accepting this veto, the Parliament annulled the law it had passed, resulting in the need for the government to resubmit the budget proposal for the coming year. Meanwhile, the Ulaanbaatar Citizens' Representative Council convened and approved the capital's 2025 budget law proposal. Since this violated the procedures outlined in the Budget Law, a recommendation to annul the approved budget was delivered by N. Uchral, head of the Cabinet Secretariat, to A. Bayart, the Chairman of the Ulaanbaatar Citizens' Representative Council. Additionally, the councils of Tuv aimag and Zavkhan aimag have also convened and approved their 2025 budgets, prompting recommendations to resolve these violations. It is worth noting that discussions have started in Parliament on amendments to the law concerning the state budget of Mongolia for 2025, along with the first reading of related submitted projects, which are now being forwarded to the relevant Standing Committees for preparation for the second reading. According to the law, the upcoming year's budget law must be discussed and passed by the Parliament by November 15 each year. Following this, the President is responsible for monitoring whether the law violates any regulations and "reviews" it. If issues are detected, a veto is imposed. Due to high expenditures and other legal violations, the President exercised his authority to veto the 2025 budget law. When the Parliament accepted the veto of the 2025 budget, the capital city approved its budget law for 2025, creating a conflict, necessitating another session to annul this budget and requiring the budget law for 2025 to be reconsidered in compliance with legal requirements.

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Discussing the Draft Law on Political Parties

Published: 2024-12-06 | Translated from: ikon.mn

The regular autumn session meeting of the State Great Hural has started at the Government Palace. Today's meeting is holding the first discussion on the draft law to amend the procedures for implementing the Law on Political Parties. Warning: Media organizations (Television, Radio, Social, and Web pages) must mention the source (ikon.mn) when using our information, either fully or partially, in any form.

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Revoke the 2025 City Budget Approved in 30 Minutes

Published: 2024-12-06 | Translated from: itoim.mn

The City Council convened a meeting and approved the draft of the 2025 city budget law. This action violated the Budget Law procedure, prompting N. Uchral, Chief of the Cabinet Secretariat, to advise A. Bayart, Chair of the City Council, to revoke the approved budget. Similarly, the councils of Tuv Province and Zavkhan Province held meetings and approved their 2025 budgets, leading to recommendations for remedying the violations. It should be reminded that the Parliament of Mongolia engaged in the first discussion of the amendments to the Law on the 2025 State Budget along with related projects. These have been forwarded to the relevant Standing Committees for preparation for the second discussion. According to the law, the Parliament must discuss and approve the following year's budget law by November 15 each year. Following this, the President monitors for any legal violations. If issues are found, a veto can be imposed. The 2025 budget law was marked by high expenditures and significant deficits, in addition to other legal violations, leading the President to impose a veto within the scope of his powers.

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VIDEO: Five Parties Support Delay in Political Parties Law, Says Member Ö. Shijir

Published: 2024-12-06 | Translated from: isee.mn

In today's morning session of the State Great Khural, the initial discussion on the bill to amend the law on the procedure for enforcing the revised Political Parties Law submitted by the government was held. President U. Khurelsukh submitted the revised Political Parties Law to the State Great Khural on April 14, 2023, and it was approved by parliament on July 7. Article 2 of the revised law states: "A political party shall take measures to align its charter, program, and internal organization with the revised Political Parties Law within six months from July 1, 2024, and submit any changes to the Supreme Court within 30 days." According to this provision, political parties must develop their charters, programs, and internal organizations in alignment with the revised law and register them with the Supreme Court by January 2025. However, the government has submitted a proposal to change the "January 2025" deadline in this provision to "August 1, 2027." During this session, State Great Khural member Ö. Shijir expressed his critical position. Specifically, he stated, "As of today, there are 253 parties registered with the General Authority for State Registration. Of these, 37 are registered with the Supreme Court. The Democratic Party caucus did not support the bill to amend the law on the procedure for enforcing the revised Political Parties Law, and therefore, I am also expressing my opposition. To be blunt, the Mongolian People's Party (MPP) is good at having others pick up the pieces for them. Previously, the Human Rights and Democratic Party leader T. Dorjkhand twice delivered information to the Constitutional Court to introduce amendments to the Constitution. Now, the same leader G. Uyanga has been put in place to respond on behalf of their party. Although it seems on paper that the MPP is not involved, they are the ones behind the curtain. Now the main provision is being postponed. We need to reconsider whether it's right or wrong to have so many political parties, given our population of 3.5 million. We also need to reconsider the financing that should follow these political parties. Basically, there are 7 parties that have submitted their documents to the Supreme Court in the legal timeframe. There are five parties that want a delay. When you look at the rules and regulations of these five parties, they have no website, no activity reports, and no regular activities. And they pop up when elections approach. They say they are postponing based on these five parties' reasons for delay. Then why is the interest of parties that have submitted their documents in the legal timeframe being ignored?" The five parties expressing the wish to delay are the Republican Party, the New Party, the United Patriots Party, the Justice Party, the Ger Horoolol Development Party, the Mongolia Social Democratic Party, and the Truth and Justice Party. These parties may be acting as agents for the ruling Mongolian People's Party (MPP) to propose the postponement of the main provision in the revised Political Parties Law. Last month, these parties held a press conference in the State Palace demanding a delay in the implementation of the Political Parties Law. The government is using their demands as a front. Some members have criticized this, saying, "Parties can hold their conventions to revise their charters and programs. Yet the government is postponing the implementation of an entire law to maintain its power. To fulfill this wish, they are using puppet parties."

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The Parliament Session Has Started

Published: 2024-12-06 | Translated from: gogo.mn

The team from Gogo is working to provide live coverage. The draft law on amendments to the law on implementing the revised Law on Political Parties is being discussed. The session of the Parliament has started. Today's session will cover: - The draft law on amendments to the law on implementing the revised Law on Political Parties (submitted by the government on November 22, 2024, for the first discussion). - The draft resolution of the State Great Khural on "Amending the composition of some Standing Committees." - The laws and resolutions submitted together with the draft law on the 2025 budget of Mongolia (submitted by the government on December 4, 2024, to decide whether to discuss). - The final text of the adopted law will be heard.

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A Budget Without Deficits But Unmet Promises

Published: 2024-12-06 | Translated from: unuudur.mn

Two requirements were set by the State Leader: to make the national budget efficient and deficit-free. Following this, the government has resubmitted proposals to amend the budget and related laws for 2025, and the Parliament has begun urgent discussions. The project balances income and expenditure by decreasing both to 33.5 trillion MNT. Initially, the plan included 36.8 trillion in income and 35.8 trillion in expenditure. Now, by reducing expenses by 2.3 trillion MNT, the requirement of a deficit-free budget is achieved. However, the effectiveness of the allocation and the cuts will be monitored by the Parliament. The Parliament must finalize the budget by the 10th of this month to allow provincial and district councils time to approve their budgets. The capital city council has held a closed session to approve its budget. Some members have started complaining about "necessary" expenses being omitted from the trimmed budget. While setting a good precedent for a deficit-free budget, some believe more budget "slimming" is needed. Three types of costs have been reduced. In connection with the budget presentation, Finance Minister B. Javkhlan provided a press briefing. Child allowances, health and social insurance funds, interest payments, salaries, and state employee benefits have been maintained. Investments were cut by 800 billion, foreign loan usage by 700 billion, current expenses by 700 billion, totaling 2.3 trillion MNT in reductions. Agency operating costs have been reduced by 10-100 percent. In particular, criticism targeted the Ministry of Culture's 18.3 billion for free cultural service vouchers and 267.8 billion for furniture and goods, which were entirely cut. Foreign and domestic travel, office supplies, and educational production practice expenses were cut by 50 percent. Providing free cultural services was within the previously approved law. Therefore, alongside the budget, about ten laws will be repealed. Amendments to the Savings Law further reduce some expenses by 50 percent, making this a principle not just for once but for ongoing observation. Some programs not yet implemented have been halted and unreleased project agreements postponed as of the 2nd of this month. An addition to the budget is the major renovation and infrastructure work on the "Cancer Hospital 2," initially included in the 2024 budget but excluded due to location issues. Adding this change back in 2025's budget is seen as positive. The Finance Minister noted that a deficit-free budget reduces negative impacts on inflation and balance of payments and improves credit ratings. When the next year's budget was urgently submitted to the unified session, the dominant sentiment was, "For the first time, a deficit-free budget was presented, and we should continue with such exemplary measures." However, it was noted there were still many incomplete aspects. Focusing on the requirement of a deficit-free budget automatically eliminated some expenditures, risking negative consequences, according to the National Audit Office's conclusions. The Finance Minister confirmed this by saying, "How to differentiate, some operating expenses of budget organizations were uniformly reduced by 10 percent. This was mechanical trimming. The negative pressure comes as a result of reductions." During the session, members criticized "broad cuts." Member B. Purevdorj remarked, "Since the parliamentary election, the number of government employees increased by 6,000. There's a trend of assigning campaign workers to government jobs. In 2014, as a director in the Khovd Immigration Department, we employed seven people, yet only one processed about 100 visas annually. The number increased to 27, adding no revenue to the state budget while becoming a group of employees staring at computers. Pay attention to this." An economic growth projection of eight percent seemed overly optimistic to some critics. Risks of a decline in global coal and copper prices are evident. Organizations like the IMF and the World Bank estimated our economic growth at 6-7 percent, while the government preserved main indicators without adjusting despite trimming income and expenditure. Deputy Prime Minister L. Gantumur cautioned against altering calculations and stated, "Calculations and research are conducted by our ministry's professional economists, not me or the Prime Minister L. Oyun-Erdene. So, stop spinning optimistic statements." The Finance Minister replied, "Revenues have exceeded in the last two years without deficits, proving calculations were correct. Demand for major export products isn’t declining." Several members stressed that the key requirement of the budget is not just maintaining a deficit-free status but efficient spending. In responding, the Finance Minister stated, "We'll maintain the principle of a deficit-free budget by balancing income and expenses. And we'll aim to effectively use the available budget and enhance productivity." Reductions were made in some instances, notably removing projects that attracted public attention, which is beneficial. However, the coalition parties couldn't meet the promises made during the parliamentary elections. Although given a chance to revise the budget for a second time, they chose not to adhere to the pledge of keeping expenses at 20-25 percent of GDP. During the first submission, some members reminded them of their commitment, which was achieved in part by reducing the initial draft by two percent, matching 35.2 percent of GDP, but some intriguing projects remained. For example, the budget still allocates costs for a cheese factory in Khuvsgul province proposed by Budget Committee Chair Ts. Davaasuren, which was rationalized under "Private sectors cannot handle this, we will build the cheese factory," in jest. The government adhered to a principle of not altering costs funded by the Social and Health Insurance Fund. Children will be born every year, and child allowance will be provided. Salaries and allowances for award-winning mothers will increase. This is understandable, yet MP B. Purevdorj's remark that state employees were unjustly increased needs attention. Should low-activity employees be sitting idle and drawing state salaries? We need to prioritize efficiency and divide attention accordingly. The government partly trimmed costs automatically and returned the budget "as feasible." Now, Parliament members should actively reassess and eliminate ineffective expenditures while adding necessary ones. Previously, they reacted irresponsibly and indifferently, nodding in silence to party decisions. As a result, the President vetoed the budget, resuming everything from scratch, which has caused delays. Though trimming inefficient expenses by 2.3 trillion is advantageous, both the government and Parliament should learn to work responsibly and timely next time. According to the law, the budget will undergo four stages of meetings. Because 44 members signed up for questions, yesterday's session was extended. Today, the key issues and critical differences in the proposals will be discussed in the second reading, where ineffectual expenses can be reduced and genuinely necessary additions made. A group of over 20 members united on the initiative to decrease ineffective expenses, hoping not to miss practical opportunities now.

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Economy

The European Union and the UN Collaborate to Support Budget and Financial Management and Decent Employment in Mongolia

Published: 2024-12-06 | Translated from: ikon.mn

On December 6, 2024, the closing event of the project "Supporting Employment Reform through Budget Planning Aligned with the Sustainable Development Goals in Mongolia" took place. This project was implemented jointly by the European Union, United Nations Development Programme (UNDP), Food and Agriculture Organization of the United Nations (FAO), and the International Labour Organization (ILO). Within the framework of direct budget support of 50.8 million euros provided by the European Union to Mongolia, technical assistance worth a total of 7.4 million euros was implemented from October 2020. This project has contributed significantly to the development of budget and financial management systems and employment structures, aligning budget planning with development policies to promote sustainable development, decent employment, and inclusive economic growth. The project supported the alignment of Mongolia's development policies with its budget, and subsequently, the budget proposal for 2025 was developed based on results at the level of six budgetary governors and provincial councils. Reports on the budget expenditure and results achieved for the end of 2023 and the first half of 2024 were prepared and published. The development of relevant budgetary program systems, finance, and budget reporting systems was one of the significant achievements. Moreover, effective work was carried out to improve budget transparency, including enhancing public and parliamentary oversight of the budget, analyzing the effectiveness of relevant policies and measures, conducting performance audits of the Sustainable Development Goals implementation, and supporting public participation in budget discussions. In supporting employment, effective, client-centered services were introduced, focusing on increasing opportunities for salaried and self-employed work. Efforts were made to develop demand-based training programs, create an inclusive training environment, approve the National Qualifications Framework, and align it with the International Standard Classification of Education successfully. Strengthening the capacity of labor inspectors and increasing public knowledge and understanding of decent work and youth employment rights significantly contributed to introducing international labor standards. L. Munkhzul, Secretary of the Ministry of Family, Labor, and Social Protection, highly praised the results and contributions of the project, emphasizing, "The Government of Mongolia, particularly the Ministry of Family, Labor, and Social Protection, will continue to improve and sustainably contribute to the employment support policy, system, and accessibility based on results-based policy and budget planning, thus contributing to the social and economic development of citizens and society." The project activities aimed at promoting public-private partnerships and developing value chains for export-oriented camel milk and goat viscera have created opportunities for economic growth and increased employment, supporting innovative young businesses in the agro-food sector and introducing technological innovation. The European Union's Ambassador to Mongolia, Ina Marčiulionytė, highlighted that this project marks significant success in the 35-year history of EU-Mongolia diplomatic relations. She expressed hope for the continued dissemination and application of the good practices accumulated within the project to support budget and financial management and employment. During the event, parties discussed carrying the project's results forward sustainably, with particular attention to continuously improving and implementing the work done on results-based budgeting and employment at the systemic and structural levels. They also introduced and handed over the project's electronic site, hosting the developed knowledge products (www.sdgbeproject.mn). In conclusion, Matilda Dimovska, UNDP Resident Representative in Mongolia, stated, "Over the past four years, we have laid the foundation for sustainable development centered on people and nature together. We have initiated systemic reforms, prepared the way ahead, and our vision is clear. Now, let us consistently advance the achievements built by collective effort and create development progress." The project strengthened the capacity of over 17,000 civil servants in result-based management, budget control, employment, and labor standards. This not only ensures the sustainability of results but also benefits hundreds of thousands of citizens, including job seekers, unemployed, young people in remote areas, and people with disabilities, as well as employers seeking productive and satisfied workers, and employees aspiring for better working conditions. About the European Union: The European Union is an economic and political union with 27 member states in Europe. The union is based on fundamental values such as human dignity, freedom, democracy, equality, the rule of law, and respect for human rights, including minority rights. Today, the European Union operates to support universally inclusive, socially, economically, and environmentally sustainable development. About UNDP: The UNDP is the UN's leading agency with the goal of ending poverty, inequality, and climate change injustice. Through extensive partnerships and cooperation with experts in 170 countries worldwide, it supports long-term, comprehensive development solutions for the planet and for all people. For more information, visit undp.org/mongolia or follow @UNDPMongolia. About FAO: The FAO is the leading international organization with the goal of ensuring food security for all and leaving no one behind. Operating in over 130 countries, FAO works to eradicate hunger, improve nutrition, and support sustainable agriculture. About ILO: The ILO is the UN specialized agency focused on labor issues, aiming to promote decent work and social justice. It works with governments, employers, and workers in developing social partnerships, dialogues, increasing jobs, protecting labor rights, implementing human-centered programs to create a better future of work. For additional information: Kh. Otgongerel, Project Information and Communication Specialist (otgongerel.khalzanbanid@undp.org) Ch. Tselmeg, Press and Communication Specialist, European Union Delegation tselmeg.chuluunbaatar@eeas.europa.eu Project website: sdgbeproject.mn Note to the Press: Media organizations (TV, radio, social media, and websites) are reminded to cite their sources (ikon.mn) when using our content in any form.

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Certificates of Origin for Export to Japan Will Be Issued Electronically

Published: 2024-12-06 | Translated from: montsame.mn

It has been decided that certificates of origin for products exported from Mongolia to Japan will be issued electronically. This aims to activate the implementation of the Economic Partnership Agreement between the two countries and support manufacturers and business owners. Under the agreement, in order to digitalize the issuance of certificates of origin for goods exported from Mongolia to Japan, it has been decided, based on proposals from the National Chamber of Commerce and Industry of Mongolia and the Japanese side, that these certificates will be issued in "PDF" format to exporters starting from May 7, 2025. Additionally, the Ministry of Economic Development announced to reporters that they have opened the electronic window operation today. To clarify further, the Economic Partnership Agreement between Mongolia and Japan came into effect in 2016 and has been in implementation since June 7, 2016. The agreement was established to increase trade, investment, value-added industrial exports, and foreign exchange income between the two countries, and to reduce Japan's tariff and non-tariff barriers, facilitate trade, and simplify customs procedures. Under the agreement, negotiations were held to reduce import tariffs on about 5700 types of goods in 97 groups from Mongolia and about 9300 types of goods in 97 groups from Japan. Our country has agreed to reduce import tariffs on 59% (3429 types of goods) and Japan agreed to exempt 86% (8000 types of goods) immediately from the effective date of the agreement.

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Chinese Investors Invited to Implement Major Projects and Programs

Published: 2024-12-06 | Translated from: gogo.mn

In order to invite investors for major urban development projects and programs to be undertaken in Ulaanbaatar in the coming years, a delegation including the Mayor of Ulaanbaatar, Governor N. Nyambaatar, is in Beijing, China. Specifically, the city plans to introduce high-capacity and diverse transportation means in the public transport sector, build dual-level roads to reduce congestion, change the planning of major shopping centers, and bring the ger districts up to international standards. These projects and programs will be implemented through public-private partnerships. In this context, the projects and programs to be implemented in Ulaanbaatar were introduced to a total of 450 representatives from 204 organizations in the infrastructure, energy, financial investment sectors, and state organizations of China. Mayor N. Nyambaatar expressed gratitude to the representatives of businesses and organizations that attended the event, stating, “The Government of Mongolia has revised and passed the Law on Public-Private Partnership which came into effect from the start of this year. Within this framework, Ulaanbaatar is activating joint operations with the private sector and implementing policies to expand the city's economy. We aim to work with all domestic and international enterprises in the energy and infrastructure sectors. Therefore, I urge the business representatives attending today’s event to actively participate in the tenders for the major projects announced by Ulaanbaatar.” He further noted, “One of the high-capacity diverse transport means to be introduced in the city’s public transit in the coming years is the metro. The metro line, which will run from Amgalan to Tolgoit for a total of 17.7 km, will have 14 stations. The process of revising the Technical and Economic Feasibility Study (TEFS) for the project’s management consultancy has progressed 70% so far. While constructing this infrastructure, it is estimated that the average speed of road traffic will increase by 48%. Also, to reduce traffic congestion in Ulaanbaatar, public transport will be diversified. For example, a preliminary TEFS for trams, which are capable of transporting many people in a short time, is planned to be completed by February next year. Within the first quarter of next year, one vertical axis line will be constructed. The route of this line will extend 20.4 km from Zuunjun Shopping Center to Sukhbaatar Square and will include 23 stops. The adoption of trams is expected to increase the average speed of road traffic by 22%. Furthermore, the first expressway within the city will be constructed. Specifically, a tender for the four-lane Tuul expressway with a box girder structure that stretches 33 km will be announced by December. Once the expressway is operational, the average speed of road traffic will increase by 13.5%, and the transit capacity of road transport on routes such as Darkhan and Zamyn-Uud will be enhanced. In addition, the advisory service tender for a two-level circular highway within the city to ease traffic loads has been selected and its TEFS is set to complete in 2025. By building this highway, the capacity of intersections and junctions in the main streets of the city center will increase, raising the average road speed by 27%. Meanwhile, a tender for the construction of a new bridge connecting the Tuul expressway with the Nisekh road will be announced next year, initiating the work. In other words, the vertical axis bridge structure passing over Naadamchdyn Avenue or Yarmag road will connect to the first neighborhood and merge south with the Nisekh expressway. At the end of the presentation, investors requested details on the projects and programs that interested them and exchanged ideas about potential cooperation. They expressed a desire to collaborate in developing trams, bridge structures, circular, and expressways by utilizing technological advancements based on their international project experiences. Press and Public Communications Department of the Mayor's Office of Mongolia

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EVENT: Addressing Issues Faced by Workers in the Geology, Mining, and Heavy Industry Sectors

Published: 2024-12-06 | Translated from: ikon.mn

At the Blue Sky Hotel, Crystal Hall, from 09:00 to 17:00, a consultation titled "The Human in Mining!" will be held to discuss and seek solutions to issues facing workers in the geology, mining, and heavy industry sectors. This event is organized by the Mongolian Federation of Energy, Geology, and Mining Industry Unions. At the meeting hall of the Health Sciences University of Mongolia at 09:00, a discussion and meeting will take place involving scientists and researchers who have processed and analyzed big data collected over two years from preventative and early detection screenings of the population. At the State Palace at 10:00, the regular autumn session of the Parliament will convene. At 11:00 at the National Center for Communicable Diseases, information will be provided on the current situation and surveillance of influenza and influenza-like illnesses, and how to protect against and prevent air pollution. Warning: Media organizations (Television, Radio, Social Media, and Websites) must credit the source (ikon.mn) if they use our information in any form, whether fully or partially.

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E. Batshugar: The budget's current expenditure is too high, so investment is not increasing

Published: 2024-12-06 | Translated from: itoim.mn

During the parliamentary plenary session, discussions were held on the amendment of the law regarding the 2025 budget framework statement and the 2026-2027 budget projections of Mongolia's consolidated budget. Members asked questions and received answers during the discussion. MP E. Batshugar emphasized the need to reconsider the budget expenditure, efficiency, and accessibility. For example, from the total current expenditure of 24 trillion tugriks, if we exclude the budgets for healthcare, education, pensions, child support, and defense, only 11.8 trillion tugriks remain. This is 12.4% of the gross domestic product (GDP). In comparison, the budget of Kazakhstan, our comparative country, is 15.6% of its GDP. Essentially, we are spending too much on current expenditures, which is hindering investment. Our country’s budget investment is only 9% of the total budget. However, in developing countries, 20% of the national budget is allocated for investment and development. Secondly, Batshugar raised concerns about the efficiency of public services, the government, and other sectors. He questioned how the government was addressing this issue and how it planned to improve the productivity of the public service. Moreover, he pointed out that there is a large institution called the Development Bank, which could potentially attract investors by restructuring non-performing loans to a certain extent. This would enable financing for mega projects in the country. Additionally, he noted that government guarantees have reached 5.8 trillion tugriks, with 1.9 trillion tugriks this year. He inquired about the difference of three trillion tugriks. He also asked whether the government would issue a certain amount of domestic bonds next year to support businesses and what the utilization rate of loans from institutions such as Korea and China's Exim Bank was. He recalled that Korea's Exim Bank had a credit limit of 700 million US dollars. In response, Minister of Finance B. Javkhlan stated that the ministry would work to provide opportunities for mixed financing. He mentioned that Arab countries have successfully implemented wealth exchanges, highlighting that despite having wealth, the growth of the budget for investment was limited. To put the existing wealth into circulation, he suggested the need for changes to the legal environment and liberalization. He confirmed that if government guarantees were necessary for the 14 mega projects to be implemented next year, each project would be presented in the plenary session of parliament. Regarding domestic bonds, the related laws provide for four trillion tugriks of government securities, with up to one billion dollars possibly being refinanced next year. With improvements to Mongolia's credit rating, there is also an opportunity to extend the term and reduce the interest rate. New bonds are expected to be issued in the domestic market at the beginning of the new year. The loan from China's Exim Bank amounts to 4.5 trillion tugriks, with an unused balance of three trillion tugriks allocated for nine projects. Minister of Economy and Development L. Gantomor emphasized that public service reform is essential. He argued for maintaining efficiency with fewer personnel while offering good salaries, stating that it is not feasible to sustain a large, cumbersome public service structure with low salaries. This initiative is part of the government's development plan. Next year, there will be a restructuring of the public service aimed at eliminating redundant structures, and the government hopes for parliamentary support for this plan. Gantomor also conveyed plans to revive the Development Bank, stating it would significantly contribute to Mongolia's development. He mentioned ongoing negotiations with the Republic of Korea and the Eurasian Trade Organization, which are in the final stages. Additionally, they are conducting interim negotiations with the Eurasian Trade Organization, and a free trade agreement is being negotiated with the Republic of Korea.

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European Union and UN Support Financial Management and Decent Employment

Published: 2024-12-06 | Translated from: gogo.mn

The closing ceremony for the project "Supporting Employment Reform in Line with Sustainable Development Goals in Mongolia Through Budgetary Planning," implemented in collaboration with the European Union, the United Nations Development Programme (UNDP), the Food and Agriculture Organization (FAO) of the United Nations, and the International Labour Organization (ILO), was held. Within the framework of the direct budget support of 50.8 million euros provided by the EU to Mongolia, this technical assistance project, with a total funding of 7.4 million euros implemented since October 2020, has contributed significantly to the reform and development of fiscal and financial management and employment systems. By aligning budget planning with development policy, considerable efforts were made to ensure sustainable development, decent employment, and inclusive economic growth. The project supported the alignment of Mongolia’s development policy with the budget, developed the 2025 budget proposal based on outcomes at the level of six main budget administrators and local governments, and published the report on the budget spent and results achieved in the second half of 2023 and the first half of 2024. The innovation in budget program systems and fiscal reporting systems was a major achievement. Additionally, efforts were implemented to improve budget transparency, enhance public and Parliamentary oversight of the budget, analyze policy measure outcomes, conduct performance audits on Sustainable Development Goal implementation, and support public engagement in budget discussions. As part of supporting employment, effective client-centered services were introduced, focusing on increasing opportunities for salaried and self-employment, developing demand-driven training programs in vocational education, creating inclusive learning environments, and aligning with international educational standards. Overall, the project has enriched societal knowledge of decent work and youth employment rights, strengthened capacity in labor inspection, contributed to the introduction of international labor norms, and involved over 17,000 government officials in capacity-building efforts in results-based management, budget control, employment, and labor standards, impacting countless individuals including marginalized youth and disabled persons. Family, Labor, and Social Welfare Minister Secretary L. Munkhzul commended the project's results, stating, "The Government of Mongolia, particularly the Ministry of Family, Labor, and Social Welfare, will continue to improve labor policies, systems, and accessibility, introducing outcome-based policy and budget planning, further contributing to the sustainable development of both the society and the economy." The project also supported local innovative initiatives such as the development of camel milk and small livestock offal value chains, contributing to economic growth and employment in the food and agriculture sectors. EU Ambassador to Mongolia, Ina Marčiulionytė, remarked on the project's success as a manifestation of the 35-year EU-Mongolia diplomatic relationship and expressed hope to further disseminate the project's successful practices, consolidating budget, financial management, and employment support. The event included discussions on sustained implementation of project outcomes, focusing on results-based budgeting and employment reforms, presenting a digital repository of knowledge products created under the project to participants (www.sdgbeproject.mn). UNDP Resident Representative Matilda Dimovska expressed, "Over the past four years, we have laid the foundation for people and nature-centered sustainable development. With clear pathways and visions, let's further the progress achieved together."

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Coal Export Plan for 2024 Expected to Exceed by 6-7%

Published: 2024-12-06 | Translated from: isee.mn

Our country had planned to export 78 million tons of coal in 2024. As of December 3, coal exports have reached 78 million tons. If exports continue at this rate until the end of the year, it is estimated that coal exports will reach 83-84 million tons in 2024, exceeding the plan by 6-7%. Additionally, the Minister of Economic Development, L. Gantomor, emphasized that "Next year, our country has included the goal of exporting 83 million tons of coal in the 2025 budget law. It is possible to exceed this target."

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Preparing to Appoint a Foreign Director for "ETT" LLC

Published: 2024-12-06 | Translated from: gogo.mn

“ETT” LLC is preparing to appoint a foreign executive to lead the company. The State Secretary of the Ministry of Finance, J. Ganbat, who serves as the authorized representative, has managed “ETT” LLC for an extended period. Currently, Kh. Munkhzhargal is serving as the acting executive director and has been in this role since October 27, 2023. The Board of Directors of “ETT” has decided that the next executive director should be a professional foreigner who is not influenced by any political party or faction. This decision aims to prevent another situation like that of the previous executive director G. Gankhuyag. The former executive director of the company, Kh. Gankhuyag, has been detained since December 7, 2022, due to a case involving abuse of power and accepting bribes. He was sentenced to five years and nine months in prison.

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E. Batshugar: Excessive Current Expenditure Prevents Investment Growth

Published: 2024-12-06 | Translated from: isee.mn

The unified session of the State Great Khural (Parliament of Mongolia) reviewed the draft law amending the Law on the 2025 Budget Framework Statement and the 2026-2027 Budget Projection of Mongolia. During this session, Member of Parliament E. Batshugar expressed the following views on the state budget expenditure, financing of mega projects, and budget projections. MP E. Batshugar: Firstly, I think it is appropriate to review the budget expenditure, efficiency, and accessibility. Especially when the current expenditure is 24 trillion MNT, and if we exclude the budgets for health, education, pensions, child benefits, and defense, it amounts to 11.8 trillion MNT. This accounts for 12.4% of the gross domestic product. Meanwhile, the total budget of the country we compare ourselves to, Kazakhstan, is 15.6% of their GDP. Essentially, we are spending too much on current expenditure, which is why investment is not increasing. Our country's budget investment is only 9% of the total budget. However, in emerging markets, around 20% of the total national budget is spent on investment and development. Secondly, looking at the big picture, the performance of the public service, government, and other sectors should be good. How is the government addressing this issue, and how can public sector productivity be improved? Thirdly, there is a large institution called the Development Bank. Therefore, by restructuring the current non-performing loans of the Development Bank to a certain degree, it is possible to attract investors. This would enable the financing of our country's mega projects and the implementation of major development-leading projects. Fourthly, the government's guarantee has reached 5.8 trillion MNT. This year's amount was 1.9 trillion MNT. How did the difference of three trillion MNT arise? Fifthly, issuing domestic bonds supports the capital market and the stock market significantly and sets a standard for a country. Will our government issue bonds in the coming year to support enterprises through this means? Sixthly, what percentage is the utilization of loans from the Export-Import banks of Korea and China? As far as I remember, there was a facility of 700 million dollars with the Korean Export-Import Bank. Lastly, it is stated in the budget presentation that trade agreements are being made with neighboring countries. With which countries and how are these agreements being made? In relation to this, what goods and products could be sold more easily? Finance Minister B. Javkhlan: We will work towards providing opportunities for mixed financing. Arab countries have very successfully implemented wealth exchanges. Even though there are resources, when trying to bring them into the budget for investment, the growth of the budget becomes limited. Therefore, we need to liberalize the legal environment to put our available resources into circulation. Both the government and the State Great Khural will work on your suggestions. If the government needs to provide guarantees for the 14 mega projects to be undertaken next year, each project will be presented to the session of the State Great Khural. Regarding domestic bonds, there are government securities worth four trillion with following laws. It is possible to refinance up to one billion dollars next year. Since we have improved our credit rating, we can extend terms and reduce interest. A new bond will be issued in the domestic market soon after the new year begins. The loan of the Export-Import Bank of China is 4.5 trillion MNT. Out of this, there is an unused balance of three trillion MNT for nine projects. Minister of Economic Development L. Gantumur: Public service reform has become a necessity. Because we need to be efficient and well-paid. It is impossible to maintain a large bureaucratic structure with such low pay. This is included in the government's development plan. Next year, we will make structural reforms in public service. By doing this, overlapping structures will be eliminated, and we sincerely hope the State Great Khural will work in support of the government's plan. We will raise the Development Bank. The Development Bank will contribute significantly to Mongolia's development. Talks with both the Republic of Korea and the Eurasian Economic Union have been ongoing for two years. The talks have reached their final stage. We are in provisional talks with the Eurasian Economic Union, while we are negotiating a free trade agreement with South Korea.

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Due to High Current Expenditure, Investment is not Increasing

Published: 2024-12-06 | Translated from: news.mn

During a plenary session of Parliament, a discussion was held on the draft law amending the Law on the Framework Statement of the State Budget for 2025 and the Budget Projections for 2026-2027 of Mongolia. Member of Parliament Batshugar shared views regarding government spending, financing mega projects, and budget projections. MP Batshugar emphasized the importance of reviewing the spending, efficiency, and accessibility of the budget, particularly the current expenditure amounting to 24 trillion MNT. After excluding the budgets for health, education, pensions, child money, and defense sectors, the remaining budget is 11.8 trillion MNT, which constitutes 12.4% of the country's total GDP. In comparison, the total budget of Kazakhstan is 15.6% of its GDP. He noted that excessive spending on current expenditures limits investment, which is currently only 9% of the state budget. In contrast, developing countries allocate 20% of their state budgets to investment and construction. Batshugar also questioned the overall performance of the civil service and sought clarity on how the government is addressing this issue and can improve productivity in the civil service. He pointed out the potential of the Development Bank to attract investors by restructuring its current non-performing loans, which could enable financing for the country's mega projects. In addition, he raised concerns about the government's guarantees that have reached 5.8 trillion MNT, with a notable increase of 3 trillion MNT over the previous year. Batshugar inquired about the government's plans to issue domestic bonds, which significantly support the capital market and set standards, and whether such issuance is planned to support enterprises next year. He questioned the usage percentage of loans from the Export-Import Banks of Korea and China, recalling a credit line of 700 million USD from the Korean Export-Import Bank. Finally, he asked about trade agreements made with neighboring countries, requesting details on which countries these agreements involve and what goods and products might be easily tradable as a result. In response, Minister of Finance B. Javhlan stated that efforts are underway to create opportunities for mixed financing. He noted that while countries in the Arab world have successfully implemented wealth exchanges, budget growth limits similar investment opportunities in Mongolia. Legal frameworks need to be liberalized to bring wealth into circulation. Regarding the 14 mega projects scheduled for next year, he mentioned that if government guarantees are required, each project will be presented to Parliament. Javhlan indicated that the laws for domestic bonds mention a government security of 4 trillion, with a potential for refinancing up to one billion dollars next year due to an improved credit rating, allowing the extension of timelines and reduction of interest rates. He announced that a new bond would soon be issued in the domestic market with the onset of the new year, with a total loan amount from the Chinese Export-Import Bank of 4.5 trillion MNT, three trillion MNT of which remains unused across nine projects. Minister of Economy and Development L. Gantomor highlighted the necessity of essential reforms in the civil service to establish a streamlined workforce with competitive salaries. He emphasized the unsustainability of maintaining a large civil service structure with low salaries and indicated that these reforms are included in the government's development plan. He expressed a desire for Parliamentary support in raising the Development Bank's profile to contribute significantly to Mongolia's development. Gantomor also noted ongoing negotiations with South Korea and the Eurasian Trade Organization, indicating that discussions have reached their final stages. He mentioned conducting temporary negotiations with the Eurasian Trade Organization while engaging in free trade negotiations with South Korea.

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Bitcoin Reaches $100,000 on Expectations of Cryptocurrency-Friendly Policies from D. Trump

Published: 2024-12-06 | Translated from: isee.mn

Due to expectations that Donald Trump, elected as President of the United States, will implement cryptocurrency-friendly policies, the price of Bitcoin has seen significant growth. For the first time in history, Bitcoin has surpassed the $100,000 threshold. As a result, the market valuation of this cryptocurrency has reached nearly $2 trillion, approaching those of companies like Nvidia, Apple, and Alphabet. Donald Trump nominated Paul Atkins, a supporter of cryptocurrency and blockchain technology, as the chairman of the U.S. Securities and Exchange Commission, which has been a catalyst for the recent sharp increase in Bitcoin's price. Source: Bloomberg TV Mongolia

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MonJa Young Entrepreneurs Report Their Work

Published: 2024-12-06 | Translated from: gogo.mn

Young entrepreneurs from MonJa, who started their business in the field of information technology, have reported their work. The "Information Communication and Technology Sector Ecosystem Creation and Information Collection Baseline Research Project" has been implemented by JICA (Japan International Cooperation Agency), the Ministry of Digital Development and Communications, and the Information Technology Park since 2022. The project is set to continue until April 2025, and one of the five programs being implemented within the project is MonJa. This accelerator program is being carried out by JICA in cooperation with "Mobicom Corporation." The fourth Demo Day of the MonJa program was organized, where the "Smart Contract," "System Engineering Mongolia" (SEM), and "Mazaal AI" teams presented their work results and achievements to the project implementers. More than 50 guests, including leaders, investors, and startup enthusiasts from the communications and information technology sector, attended the event. Kensuke Miyagi, head of JICA's Mongolia office, stated that the Japan Cooperation Agency categorizes its support to Mongolia into priority sector directions and implements projects and programs accordingly. One key sector is the industrial diversification sector, within which Mongolia is seen to have greater potential in the information and communications technology sector and startup businesses. To support the development of this sector, JICA is helping establish connections, facilitate collaborations, create investment opportunities, and enable access to foreign markets with Japanese and other international companies. The three companies selected for the MonJa program under the "Information Communication and Technology Sector Ecosystem Creation and Information Collection Baseline Research Project" presented their projects. The MonJa program will not conclude with this but will continue. We hope the three companies will develop the knowledge and technological skills they gained during the program and not limit their business and communication networks to Japanese and Mongolian business partners, but expand them. We hope the program will be the beginning of their success. - What sets MonJa apart from other projects implemented by JICA? - You may be well aware that JICA implements projects to support human resource development, transfer of technological know-how, establish basic infrastructure, and make investments. However, this program's uniqueness lies in its aim to involve various stakeholders, including Japanese and Mongolian private sector organizations and government agencies, to create joint productivity, beyond those traditional forms. In collaboration, we are implementing five pilot programs within the "Information Communication and Technology Sector Ecosystem Creation and Information Collection Baseline Research Project," one of which is MonJa. We provide specific support to the three selected companies. However, it does not end here; we aim to collaborate further by outlining the development road map for the communications and information technology sector with the Mongolian government. B. Enkhbold, the initiator of the IT project "Mazaal AI," which is being developed as part of the MonJa program, stated that the MonJa program provides all-around support and opportunities needed for startups in Mongolia. What is most interesting is the opportunity to enter the Japanese market. Through the MonJa program, we were able to establish a connection with Japan's largest company through JICA and start collaboration, something we couldn't achieve on our own. - What project is your team working on? - We are implementing an artificial intelligence project. We are developing a platform aimed at replacing time-consuming, repetitive tasks with artificial intelligence to save human time and ease workload. For example, insurance companies work with a large amount of documentation. It takes a lot of time to extract the necessary information from those documents. It used to take 25 minutes to find one material, but using AI, it can now take just 15 seconds. Our team wrote a project based on this idea and was selected. We are a small team, and our members have been continuously working since we started in January 2023.

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Discussing Mutual Benefits in Mining and Tourism with the UAE

Published: 2024-12-06 | Translated from: gogo.mn

Prime Minister L. Oyun-Erdene, during his working visit to the United Arab Emirates, had an audience with the esteemed President of the country, Sheikh Mohammed bin Zayed Al Nahyan. During this meeting, they discussed a wide range of issues concerning the expansion and development of relations and cooperation between the two countries. In the meeting, Prime Minister L. Oyun-Erdene introduced the Government of Mongolia's program and goals for 2024-2028. They exchanged views on specific issues to further expand trade and economic cooperation between the two countries. Both parties expressed their mutual interest in developing beneficial cooperation in sectors such as mining, mineral resources, renewable energy, urban development, digital advancement, agriculture, and tourism. President Sheikh Mohammed bin Zayed Al Nahyan expressed his full support to further strengthen cooperation in these areas and underscored his confidence that the relations and cooperation between Mongolia and the Emirates will reach a new level through joint efforts. Additionally, the parties agreed to collaborate and exchange experiences in relation to organizing the 17th session of the Conference of the Parties to the United Nations Convention to Combat Desertification, to be held in Mongolia in 2026, as reported by the government.

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Mandal Future Growth Fund’s total assets predicted to reach 69-70 billion MNT by the end of this year

Published: 2024-12-06 | Translated from: ikon.mn

Mandal Future Growth Fund, the largest closed mutual fund in Mongolia, has been operating for quite some time now. Not only has the fund had a significant impact on the banks' IPOs, but it is also working to create long-term capital in the socio-economic sector. Key numerical highlights include: Asset growth of the fund by 40%. It is expected that the total assets of Mandal Future Growth Fund will reach 69-70 billion MNT by the end of 2024. Consequently, the value per unit right will reach approximately 1,400 MNT. Exchange rate risk: One of the important economic indicators is exchange rate. Since 2021, there have been multiple changes in the exchange rate of the USD. In response to the economic conditions, the fund has been conducting professional research and analysis. The return on investment in USD during this period was between 20%-25%. Bank shareholders: The fund's investors include those in Khan, Golomt, and State banks. The fund plans to continue investing in dividend-based shares of banks such as Khan Bank and Golomt Bank. Although the successful first wave of fair wealth distribution through the IPOs of systematically influential banks has been completed, they continue to violate the law which limits bank share concentration, reducing the maximum shareholder ownership to 20%. Ultimately, the Central Bank of Mongolia submitted a request to the Parliament to extend the deadline. This has remained a restriction on the fund’s ability to acquire more bank shares. The total number of investors increased by 15%: The number of investors who trusted and invested in the fund initially was 7,000, and this number has increased by 15% to 8,000 investors. Additionally, it should be noted that Mandal Future Growth Fund’s unit price is currently undervalued compared to its intrinsic value. Prepared based on the projected performance as of 2024/12/31. Warning: When using any part of our information in any form, the media (Television, Radio, Social Media, and Websites) must always cite the source as iKon.mn.

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Diplomacy

K. Amirzhanov: Achieving a Strategic Partnership Between the Two Nations is a Historic Event

Published: 2024-12-06 | Translated from: montsame.mn

Today, the Embassy of the Republic of Kazakhstan in Mongolia held a press conference to inform journalists about the tangible progress and important events in the Kazakhstan-Mongolia relations in the outgoing year 2024. The event was chaired by Kaisar Amirzhanov, the Embassy's Counselor for Trade, Economic, and Investment Affairs, who provided detailed information. First and foremost, Mr. Amirzhanov highlighted the state visit of Kazakhstan's President K. Tokayev to Mongolia at the end of October this year as a historic event in bilateral relations. During this visit, which marked the first state visit by a Kazakh president to Mongolia in 16 years, the two countries elevated their relations to the level of strategic partnership. This has established the political foundation for advancing economic, cultural, and humanitarian relations to a new level and opened opportunities for defining the main directions of bilateral cooperation. As a result, the Republic of Kazakhstan has become Mongolia's first strategic partner in Central Asia. During the state visit, several documents were signed between governments and relevant institutions. For instance, an agreement was reached between Mongolia's "Mon-Atom" company and Kazakhstan's "Kazatomprom" company to advance strategic cooperation, opening up new opportunities in the uranium extraction sector for both countries. Another significant event was the signing of a memorandum online on September 12, 2024, to establish a Kazakhstan-Mongolia Business Council between the Foreign Trade Chamber of Kazakhstan and the National Chamber of Commerce and Industry of Mongolia. The council's inaugural meeting took place in Ulaanbaatar on October 28, just before President Tokayev's visit. Within the framework of the council's activities, a forum involving business representatives from both countries was held. During this event, several documents were signed regarding rules of the Business Council and cooperation in veterinary services, tourism infrastructure, mineral exploration, and free economic zones. Regarding trade and economic relations, in 2023, the trade turnover between the two nations reached 133 million USD, which is double the pre-coronavirus period figure. As of the first nine months of 2024, the trade turnover has reached 94.8 million USD. However, these numbers show that the full potential and resources of the two countries are not being fully utilized. There are many influencing factors, such as insufficient variety of goods in the trade, poorly developed transport and logistics infrastructure, and restrictions related to customs and decontamination. During discussions, Kazakhstan's President Kassym-Jomart Tokayev prioritized addressing these issues with Mongolia's state leader. Additionally, this autumn, the Kazakhstan-Mongolia Intergovernmental Commission on Trade, Economic, Scientific-Technical, and Cultural-Humanitarian Cooperation was chaired by J. Enkhbayar, Mongolia's Minister of Food, Agriculture, and Light Industry, and Aidarbek Saparov, Kazakhstan's Minister of Agriculture. The commission's 10th regular meeting is planned to be held in Astana next year. Additionally, the expansion of bilateral relations in the digital sector this year is noteworthy. For instance, from April 29 to May 2, a delegation led by the First Deputy Minister of Digital Development, Innovation, and Aerospace Industry of Kazakhstan, K. Toleushin, and the Deputy Minister of Justice, B. Moldabekov, along with representatives from several technological companies, made a working visit to Ulaanbaatar. The delegation included representatives from Kazakhstan's "National Information Technologies" JSC and "Kazakhstan Garysh Sapary" National Company and held a business forum with over 30 Mongolian private sector companies operating in the IT sector, during which a memorandum of understanding was signed. During the press conference, Embassy Counselor K. Amirzhanov spoke about significant events in Kazakhstan this year and upcoming historical anniversaries next year. Politically, this year, Kazakhstan chaired six international organizations, including the Shanghai Cooperation Organisation (SCO), the Organization of Turkic States (OTS), the Collective Security Treaty Organization (CSTO), the Conference on Interaction and Confidence-Building Measures in Asia (CICA), the Islamic Organization for Food Security (IOFS), and the Global Island Partnership (GLISPA). Kazakhstan undertook the responsibilities of chairing the SCO in 2023, organizing extensive activities in 2024. For example, in early July, the SCO summit was held in Astana, along with various events such as digital, tourism, and energy forums, a business forum, and a youth council meeting, comprising approximately 150 events at different levels. Additionally, in September this year, the Fifth World Nomad Games were successfully held in Astana, with over 2,500 athletes from 89 countries participating. Mongolia's 115 athletes competed and won a total of 5 silver and 9 bronze medals, ranking third overall. Moreover, several historical anniversaries will be celebrated in Kazakhstan next year, such as the 30th anniversary of the establishment of the People's Assembly of Kazakhstan and the adoption of the Constitution, the 80th anniversary of the Great Victory, and the 180th anniversary of the birth of the great poet Abay Kunanbayev. In connection with this, the Embassy of Kazakhstan in Mongolia plans to organize several events in 2025.

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Mongolia and the Emirates Discuss Expanding Relations and Cooperation

Published: 2024-12-06 | Translated from: montsame.mn

During an official visit to the United Arab Emirates, the Prime Minister of Mongolia, L. Oyun-Erdene, met with His Highness Sheikh Mohammed bin Zayed Al-Nahyan, the President of the UAE. They discussed a wide range of issues aimed at expanding and developing relations and cooperation between Mongolia and the Emirates. During the meeting, Prime Minister L. Oyun-Erdene introduced the Mongolian government's operational program and objectives for 2024-2028, and the two sides exchanged views on specific issues to enhance trade and economic cooperation. Both parties expressed their mutual commitment to developing mutually beneficial cooperation in sectors such as mining, mineral resources, renewable energy, urban development, digital transformation, agriculture, and tourism. His Highness Sheikh Mohammed bin Zayed Al-Nahyan expressed full support for intensifying bilateral cooperation in these sectors and noted his confidence that the relations and cooperation between Mongolia and the Emirates will reach a new level through joint efforts. Furthermore, the two parties agreed to exchange experiences and collaborate in organizing the 17th Conference of the Parties to the United Nations Convention to Combat Desertification in Mongolia in 2026.

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Ch. Lodoysambuu: Mongolia is joining the Eurasian Economic Union and signing trade agreements with former Soviet countries

Published: 2024-12-06 | Translated from: isee.mn

During yesterday's session of the State Great Khural, the discussion on the 2025 budget project was conducted. During the session, Member of Parliament Ch. Lodoysambuu stated: "Our country's total budget revenue is mostly borne by our taxpayers, which is not inaccurate. Every year, we select the Top 100 enterprises, invite them to the State Palace, and reward them. Meanwhile, the recent governments and parliaments have been relentlessly burdening businesses and taxpayers. Mongolia has joined the Eurasian Economic Union. We are about to finalize a trade agreement with several countries that were under Soviet territory, which will allow around 1,000 types of products to be imported duty-free by this month. Previously, the government did similar work on cement factories. Years ago, we discussed that if we don't start producing cement domestically, we would continue buying it from our southern neighbor, putting us under price pressure. Then the state helped develop cement factories with a policy. However, the previous government later reduced import duties on cement, undermining the domestic factories. Then it was the flour factories. Now, we are entering the food sector. They say food products will be brought in without customs duties. Mongolia has always shown two faces. On one side, we tout ourselves as a free-market, democratic country that supports businesses. On the other, we drag down and suppress. Is this agreement really going to happen, Minister of Economic Development? What is our side aiming to sell, and what are we planning to buy with this agreement? When will Members of Parliament obtain this information? We got information from the media and then had to gather details room by room from ministers." Minister of Economic Development L. Gantomor responded: "There is something called the memory of the Mongolian state. We have approved our long-term development program and laws until 2050. Within this framework, 2023 was announced as the Year of New Revival. Within this, a policy was established to increase exports. The government has declared that we are almost under economic sanctions from our two neighbors. Essentially, we are under sanctions because very high tariffs were imposed on us in Mongolia. It comes down to a choice between protecting our market of 3.5 million people or expanding into markets with tens of millions of people. The decision was made to expand into a 300 million-population market. The negotiation process took place over the past two years, consisting of five rounds of talks, and is now in its final stage."

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Infrastructure

20,000 Housing Units to Be Built in Selbe, Bayankhoshuu, and Khanin Material

Published: 2024-12-06 | Translated from: gogo.mn

The Mayor of Ulaanbaatar and Governor of the capital city, Kh. Nyambaatar, along with other officials, are currently in Beijing, China, to invite investors to participate in major construction projects and programs that will be implemented in Ulaanbaatar in the coming years. Regarding the project to convert ger districts into housing that meets international standards, Mayor Kh. Nyambaatar stated, "As part of the project to reduce air and soil pollution in Ulaanbaatar, convert ger districts into housing, and create conditions for citizens to live in a comfortable environment, we will build a complex of 20,000 housing units in Selbe, Bayankhoshuu, and Khanin Material. In doing so, we will implement the '20-minute city' integrated plan, which will enable access to all kinds of government and social services from one place."

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J. Aldarjavkhlan: Until When Will the Policy of Not Building Schools and Kindergartens Continue?

Published: 2024-12-06 | Translated from: ikon.mn

The plenary session of the State Great Khural is currently discussing various draft laws and resolutions submitted along with the draft budget law for the year 2025 of Mongolia. Members are expressing their positions, asking questions, and receiving answers in connection with the issues being discussed. Member of Parliament J. Aldarjavkhlan stated, “I have received the draft budget for 2025. I noticed that there are no new schools or kindergartens. Until when will this policy continue? Five years ago, Khan-Uul district had a population of 187,000, and now it has increased to 300,000. The number of children is constantly growing. There are now classes with 60 children in each. How are we going to finance the construction of schools and kindergartens where these children can learn? Furthermore, investment is being allocated over many years. For example, 3 billion MNT has been allocated for building School No. 15 in Khan-Uul district next year, but they say another 7 billion MNT will be needed. Over how many years will this be divided? If it is divided over many years, it will also be difficult for the construction company. Is there any thought about changing the investment policy?” In response, Minister of Education P. Naranbayar said, “The issue of carrying over investments is true. It has been exacerbated during the COVID period. According to the financing law, the budget is released in three parts, so it should not exceed 3 years. The budget allocation is being done in a way that projects, which were carried over from previous years, should be completed. The Ministry of Education fully supports the initiative that your proposed housing project should also necessarily include schools and kindergartens. It’s an extremely important proposal.”

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Road to 'Chinggis Khaan' Airport Slippery and Visibility Limited, MIAT Warns

Published: 2024-12-06 | Translated from: isee.mn

The air transport company MIAT has issued the following warning notification: WARNING: Due to the heavy snowfall in the central region last night, the highway leading to Chinggis Khaan International Airport is slippery and visibility is limited. Passengers and clients are advised to account for road congestion and slippery conditions by arriving at the airport 2-3 hours before the scheduled flight time to prepare for their journey. Dear passengers and clients, please travel safely and with caution. -MIAT-

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Society

L. Batttor: Today's Traffic Jam and Dust Affect People's Mental Health

Published: 2024-12-06 | Translated from: ikon.mn

The work of involving all citizens of Mongolia in early detection screenings, examinations, and diagnostics to prevent infectious and non-infectious diseases started nationwide on May 1, 2022. Over the past two years, a team including scientists and researchers analyzed and processed large-scale data of the population screened and diagnosed early. Discussions are being held today on this topic. Dr. L. Batttor, Head of the Department of Social Health Policy at the Ministry of Health (MOH), and a Doctor of Medical Sciences, presented the following talk under the topic "Public Health and Early Detection." The rates of cardiovascular diseases, cancer, diabetes, and respiratory diseases among the 30-70 age group in our country remain high. Death rates from internal and external air pollution are increasing. Traffic accident-related deaths are also high. Social health services and public health measures in the health sector are of great importance. However, if poverty is not reduced, air pollution is not lessened, and other social issues are not addressed, merely diagnosing and treating diseases will not resolve the problem. 98% of hospital treatment costs are paid by the Health Insurance Fund (HIF), leaving people to pay the remaining 2% themselves. While hospitalization is less costly, people spend more money at pharmacies. Taking cold medicines that cost 50,000 to 100,000 MNT from pharmacies, bearing just 2% of the cost by hospitalization is cheaper. In other words, the health sector is moving towards a hospital-dependent system. Improving public health services is the way to change the hospital-dependent system. The situation with the tobacco control law is worsening rather than improving. In 2023, an amendment was made to allow the cultivation of tobacco plants in Mongolia. Only 20% of health-defining factors depend on medical services. The remainder depends on social factors, individual habits, air pollution, soil pollution, mental health, etc. Today's traffic jams, smoke, and dust affect people's mental health. As a result, people are facing many risk factors. Data comparing mortality rates in 1990 with 2019 indicate leading causes of death are cardiovascular disease and cancer. Risk factors influencing sickness include human habits, behavior, and environmental factors such as air pollution. Alcohol and tobacco use, and obesity levels have not decreased, while the number of underweight children increases. These issues must be addressed, and diseases must be linked and studied. Early detection reveals mental health challenges among children aged 6 and 14. Two out of three children have dental cavities. Additionally, only about 15% of people who are on hypertension medication are under control. The rest do not regularly take medication or remain uncontrolled, leading to unavoidable high mortality rates from cardiovascular diseases. There are many blood pressure medications, which should be prescribed based on different doctors' recommendations and tailored to various causes. However, 85% of hypertension medications are dispensed without prescription, leading to chaotic usage. Hence, resistance to prescription-only policies exists because people take any medication they buy from pharmacies. Policies to reduce irrational medication usage and implement prescription systems are being enforced. Age and gender distribution of suspected hepatitis B virus cases: - Ages 18-30: Male 14.6%, Female 10.6% - Ages 31-45: Male 45%, Female 37.2% - Ages 46-60: Male 28.2%, Female 34.4% Moreover, suspected cases among males aged 61 and above are 12.2%, and among females, 17.9%, Dr. L. Batttor discussed. Warning: Media organizations (TV, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form, fully or partially.

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"2025 is Declared as the Year of Supporting Youth, with Policies to Include Young Couples in Mortgage Loans"

Published: 2024-12-06 | Translated from: isee.mn

The government has announced that 2025 will be declared as the Year of Supporting Youth, and a policy is being developed to provide specific support in resolving housing issues. Regarding this, the Minister for Family, Labor, and Social Protection, L. Enkh-Amgalan, stated: "The National Committee has been established for two months. During this time, we have been working on how to increase mortgage accessibility and how to create long-term financing sources targeting specific groups. Next year, when issuing mortgage loans, we will target specific groups. The policy will include allowing young families purchasing their first home to participate in mortgage loans. If both partners are employed, pay social insurance, and have 2-3 children, we are discussing the option of including them in mortgage loan products for housing up to 50 square meters. Options such as covering a certain percentage of the down payment from the Loan Guarantee Fund are also being considered."

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Mongolia: 99 Percent 'Empty'

Published: 2024-12-06 | Translated from: itoim.mn

The beautiful country of Mongolia, located in the northern part of Central Asia, has a vast expanse of land and is sparsely populated compared to other countries, making it 99.7 percent empty. Mongolia is the world's least densely populated sovereign nation, with an average of just two people per square kilometer. This low density is due to its relatively small population of approximately 3.4 million people spread over 1.56 million square kilometers. Over 45 percent of Mongolia's total population resides in the capital city of Ulaanbaatar. Due to the traditional nomadic lifestyle, people often live far from each other. The vast landscapes and untouched natural areas give the impression of being "empty." Mongolians continue their nomadic herding lifestyle, moving with their livestock, including horses, camels, sheep, goats, and cattle, across the steppes. However, the sparsely populated nation has an extreme climate and very cold, dry winters, making it difficult to develop settled agriculture and urban infrastructure across most of the country. Mongolia's natural beauty and pristine environments attract significant interest from eco-tourists and adventure travelers. During a TripAdvisor forum, one traveler remarked, "The trip to Mongolia was amazing. Mongolia is beautiful. The trips including horse and camel rides were enjoyable."

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Environment

LIVE: Second Day of "We Want to Breathe" Peaceful Protest Against Pollution at Sukhbaatar Square

Published: 2024-12-06 | Translated from: isee.mn

The peaceful protest "We Want to Breathe," expressing citizens' opinions, is continuing on its second day today at the central square. This demonstration was initiated by the call of citizen Ch. Ganjavkhlan, who stated that several demands concerning the issue of pollution would be submitted to the Parliament.

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23,000 Households to Benefit from Mongolia’s Green Finance Corporation’s Healthy Living Project

Published: 2024-12-06 | Translated from: montsame.mn

Over the past 20 years, migration towards Ulaanbaatar has intensified. As of today, the population density in Mongolia's capital has exceeded 72.8%, straining its resources and infrastructure. Resultingly, 47% of the city's territory is occupied by ger districts, and air, water, and soil pollution have been persistent challenges for Ulaanbaatar. To address these issues comprehensively, the Mongolia Green Finance Corporation offers a solution focused on promoting environmentally friendly practices, reducing greenhouse gas emissions, and boosting sustainable, green investments. The foundation for this corporation was laid in 2017. Despite the collaboration between the Government of Mongolia and the Green Climate Fund to establish the corporation with an initial investment of $50 million, it had not launched a full-fledged operation. In an effort to expedite this, the Minister of Finance formed a working group in August 2024. Now, 33% of Mongolia's Green Finance Corporation is owned by the Development Bank, creating an opportunity to work in partnership with the Green Climate Fund. This establishment allows local financial institutions that meet certain criteria to receive concessional green loans. These funds are initially aimed at financing energy-saving technologies, private housing, and insulation projects. As a result, 23,000 households, or 86,000 citizens, will benefit by acquiring an environment to live healthily and comfortably. Additionally, an estimated 1,470 new jobs could be created, and carbon emissions reduced by about 22%. The Green Climate Fund's Board of Directors, backed by relevant organizations, proposed to give the Mongolia Green Finance Corporation a 15-year, $20 million concessional loan with an annual interest rate of 1%, along with a $2 million grant in 2020. The initial condition of the project’s implementation is to decide on co-financing between the Government of Mongolia and the private sector. Thus, the Development Bank of Mongolia, representing the government, along with the UN’s Green Climate Fund and relevant private entities, each agreed to contribute an amount equivalent to $5 million to the corporation's capital, aiming to own 33.33%. Effectively, as per the government's resolution in November, the Development Bank will invest $5 million, obtaining a 33.33% stake in the corporation. Consequently, the activity of the Mongolia Green Finance Corporation is poised to begin. While Mongolia increasingly emphasizes a green economic strategy, the Development Bank plans to invest in projects related to energy efficiency, renewable energy, and affordable housing, thus strengthening the financial ecosystem and securing sustainable financial returns in the long run. This resolution aims to enhance cooperation among international organizations, the private sector, and the Mongolian government. It seeks to expand funding sources for green projects dedicated to reducing air pollution and greenhouse gas emissions, fulfilling international commitments, and achieving national development and government targets effectively. By participating in the operation of the Mongolia Green Finance Corporation, the Development Bank of Mongolia is poised to seize several major opportunities such as gaining a leading position in the sustainable finance sector and actively participating in the financing of green projects and programs. This augments the bank's domestic and international reputation, giving it a vital role in Mongolia’s transition to a green economy. It also strengthens collaboration with international financial institutions like the Green Climate Fund and the Asian Development Bank, opens avenues for concessional funding and grants, and fosters participation in future green projects while favorably influencing the accreditation process with these organizations. Mongolia has declared its commitment to the international community to reduce greenhouse gas emissions by 22.7% by 2030 and achieve net zero emissions by 2050 under National Action and the "Vision 2050" long-term development policy within the framework of implementing the Paris Agreement. Thus, by improving life quality and human development through quality education and good governance, it targets inclusive green development. An estimated $11.5 billion is anticipated as necessary for achieving these goals, which could be sourced from the Mongolian budget as well as international financial institutions, donor loans, grants, and private investment. According to the half-year report of 2024 by the central bank, green loans comprised 3.2% of the total bank loans, equating to 1,071.1 billion tugrik, which is just one percent of the $11.5 billion needed for a green transition. To initiate the operations of the Mongolia Green Finance Corporation, the budget allocates 13 billion tugrik, equivalent to $13 million, as a repayable investment to the Development Bank. This financing is designated to improve living conditions, mitigate poverty, ensure social inclusivity, and support low-emission, reduced-consumption development policies.

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The National Security Council Acknowledged Air Pollution Issue in 2017

Published: 2024-12-06 | Translated from: isee.mn

Due to the snow in Ulaanbaatar last night, the air quality has improved slightly compared to previous days. Specifically, as of 08:30 this morning, the air quality index in Tolgoit is 194, in Khailaast 137, and at Baruun Döröv Zam 124, indicating low pollution levels. However, over the past two days, the air quality was of moderate pollution, according to the study by the Monitoring Department of the National University of Mongolia. To recall, the National Security Council acknowledged in 2017 that the air pollution in Ulaanbaatar had reached a disaster level.

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23,000 Households to Benefit from Mongolia's Green Financing Corporation's Project for a Healthy Environment Support by the Development Bank

Published: 2024-12-06 | Translated from: ikon.mn

Migration towards Ulaanbaatar has intensified over the past 20 years, and as of today, the concentration and load of Mongolia's capital has become excessive, reaching a population density of 72.8%. As a result, 47% of the capital consists of ger districts, and pollution of air, water, and soil has long been a pressing issue in Ulaanbaatar. However, there is now an opportunity to comprehensively address these issues through the Mongolian Green Financing Corporation (MGFC), which aims to promote environmentally friendly, socially responsible, and greenhouse gas-reducing sustainable green investments. The foundation of this corporation was laid in 2017. Despite efforts by the government, international organizations, and private sector investments to establish it with an initial capital of $50 million, the corporation has not been fully operational. To expedite this process, the Minister of Finance established a working group in August 2024. The Development Bank owns 33% of MGFC, creating conditions for collaboration with the Green Climate Fund. Establishing MGFC will provide concessionary green loans to qualified local financial institutions. Initially, these funds will be used by banks and financial institutions to finance loans supporting energy-efficient technology, residential housing, and insulation. As a result, 86,000 people from 23,000 households will benefit and be provided with a healthy and comfortable living environment. Additionally, approximately 1,470 new jobs are expected to be created, along with an estimated 22% reduction in carbon dioxide emissions. Due to support from relevant organizations, the Green Climate Fund Board proposed a loan of $20 million with a 1% annual interest rate over 15 years and a $2 million grant to MGFC in 2020. The basic condition for the implementation of this project is to solve the joint financing by the Mongolian government and the private sector. Therefore, representing the government, the Mongolian Development Bank, the United Nations Climate Green Fund, and relevant private sector organizations decided each to contribute funds equivalent to $5 million to MGFC, holding 33.33% of the corporation. As of November this year, a resolution has been issued for the Development Bank to invest $5 million as part of joint state-private sector financing, granting it 33.33% ownership of MGFC, paving the way for the corporation to start operations. This resolution aims to increase the financial resources required for green project programs focused on reducing air and environmental pollution and greenhouse gas emissions. It will support Mongolia's commitments to international agreements, national development goals, and government policies by invigorating cooperation between international organizations, the private sector, and the Mongolian government. With the participation of the Mongolian Development Bank, there are significant opportunities to implement MGFC's activities. For example, as described, holding shares in MGFC will establish leading positions in the sustainable finance sector in Mongolia and actively participate in the financing of green projects and programs. This will enhance the reputation of the Development Bank both domestically and internationally and play a key role in transitioning to Mongolia's green economy. It also strengthens cooperation with international financial institutions such as the Green Climate Fund and the Asian Development Bank, opening opportunities for concessional financing and grants from international partners to acquire low-interest resources and technical assistance, participate in future green projects, and positively influence the accreditation of GCF and other related international green funds. In this period when Mongolia increasingly prioritizes green economic strategies, the Development Bank has opportunities to invest in projects such as energy savings, renewable energy, and affordable housing, strengthening the financial ecosystem and achieving long-term sustainable financial returns. Mongolia has expressed to the international community its policy of reducing greenhouse gas emissions by 22.7% by 2030 and neutralizing the balance of emissions and absorption by 2050, as part of its National Policy for the implementation of the Paris Agreement and "Vision 2050" long-term development plans. Therefore, it aims to achieve green and inclusive development by improving quality of life, human development, and establishing quality education and good governance. However, it is estimated that approximately $11.5 billion will be required for our country to contribute successfully to these goals. This funding can be provided by international financial institutions, donor countries' loans and grants, and private sector investment, in addition to Mongolia's budget. As of the first half of 2024, the Bank of Mongolia's green loan report indicates that green loans comprise 3.2% or MNT 1,071.1 billion of the total loans in the banking sector. This equates to only a little over 1% of the $11.5 billion or MNT 40 trillion required for Mongolia's green transition, showing a significant resource gap. The resolution mentioned above also stipulated funding equivalent to $13 million from Mongolia’s state budget to the Development Bank of Mongolia to be repaid to the budget to create the financial sources needed to start MGFC's operations. This state budget financing directly supports the policy to improve citizens' living conditions, reduce poverty, and shift to a low-emission, sustainable consumption model. One of the main reasons for migration towards the capital is the inadequate living conditions and opportunities in rural areas, including insufficient housing supply, infrastructure, and utilities—only 82 out of all sum centers in Mongolia are connected to infrastructure networks. Thus, by activating MGFC’s operations in the medium and long term, it aims to increase access to green loans, enabling low- and middle-income target groups to obtain energy-efficient housing and creating favorable living conditions in remote rural areas without infrastructure. This involves implementing projects and programs to introduce new energy-efficient technologies suitable for Mongolia's harsh climate, positively impacting air and environmental pollution reduction. Source: Development Bank of Mongolia Note: Media organizations (TV, Radio, Social and Web pages) should always cite the source (ikon.mn) when using our information wholly or partially in any form!

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Live: "We Want to Breathe" Peaceful Protest to Continue Until Solution is Found, Say Citizens

Published: 2024-12-06 | Translated from: isee.mn

The "We Want to Breathe" peaceful protest, where citizens are expressing their views at the central square, continues for the second day. This protest was initiated by citizen Ch. Ganjavkhlan and others, aiming to present several demands regarding the air pollution issue to the Parliament. We are providing direct updates from Sukhbaatar Square regarding this matter. During this time, citizens highlighted that "the air pollution in Ulaanbaatar city has reached disaster levels, violating the citizens' constitutional right to live in a healthy and safe environment." Therefore, they emphasized that they will continue their struggle until government authorities and decision-makers pay attention to the air pollution issue and reach a solution.

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NEMUT: Citizens should regularly use and integrate the air quality index available on Agaar.mn into their daily lives.

Published: 2024-12-06 | Translated from: ikon.mn

Today, the National Center for Infectious Diseases (NCID), the Emergency Notification and Communication Center (ENCC), and the Center for Health and Social Information of Mongolia (CHSIM) provided information about the current situation of flu and flu-like illnesses, surveillance data, and measures for protecting oneself from and preventing air pollution. During the briefing, the head of the Environmental Health and Impact Assessment Department of CHSIM, B. Suvd, stated, "PM 2.5 and PM 10 in the air are respirable particles that can act as carriers for bacteria and viruses. These particles have not decreased to standard levels yet. Therefore, wearing a mask is important until they do. According to research, 20% of respiratory diseases and cardiovascular diseases are linked to air pollution. In addition, 30% of cases where both diseases occur simultaneously are related to air pollution. If air pollution in Ulaanbaatar city is not reduced, children will mostly suffer the consequences. Children cannot protect themselves or express symptoms of illness. Their organs and immune system are not fully developed, so they are the most vulnerable to pollution. Therefore, the government should intensify efforts to reduce air pollution. Meanwhile, parents need to protect their children. The air quality index on Agaar.mn is displayed by location. If it is between 0-50 and green, the air is clean. If it exceeds 250 and turns red, it is advised to wear a mask. Therefore, citizens need to observe this index and incorporate it into their lifestyle." "In areas with high air pollution, viral infections are more prevalent." Furthermore, the capacity of the human body's immune system to resist infectious diseases depends on various factors and is weakened by air pollution. Air pollution decreases the ability to fight infection. "In areas with high air pollution, viral infections spread more extensively," said Ts. Naranzul, head of the Virology Laboratory at NCID. Warning: Media organizations (Television, Radio, Social, and Web pages) must acknowledge the source (ikon.mn) when using our information in any form, whether in whole or in part.

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86,000 Citizens to Benefit from the Sustainable Living Project by the Mongolia Green Finance Corporation

Published: 2024-12-06 | Translated from: news.mn

The migration towards Ulaanbaatar has intensified over the past 20 years, and currently, the concentration and load of Mongolia's capital has reached an extreme, with a population density of 72.8%. As a result, 47% of the capital consists of ger areas, and pollution of air, water, and soil has long become a pressing issue for Ulaanbaatar. However, through the Mongolia Green Finance Corporation (MGFC), which aims to address these issues in an environmentally friendly and socially responsible manner, reduce greenhouse gas emissions, and support sustainable and green investment, there is now an opportunity to comprehensively resolve these issues. The foundation of the corporation was laid in 2017. Although the Mongolian government has been working with the international Green Climate Fund (GCF) to establish it with $50 million as seed funding based on state, international organization, and private sector investment, it was not fully operational. To accelerate this, the Minister of Finance issued an order in August 2024 to form a working group. 33% of MGFC will be owned by the Development Bank, facilitating cooperation with the Green Climate Fund. By establishing the MGFC, it will provide concessional green loans to domestic financial institutions that meet certain criteria. Initially, these funds will be allocated to finance loans supporting energy-efficient technology, private housing, and insulation. As a result, 86,000 citizens from 23,000 households will benefit and be provided with conditions for healthy and comfortable living. Additionally, about 1,470 new jobs are expected to be created, with calculations suggesting a potential reduction of carbon dioxide by about 22%. Therefore, thanks to the support of relevant organizations, the Board of Directors of the Green Climate Fund proposed in 2020 to offer MGFC a concessional loan of $20 million with a 1% annual interest rate for 15 years, along with a $2 million grant. The main condition to commence the project implementation is to resolve the co-financing from the Mongolian government and the private sector. Consequently, representing the government, the Development Bank of Mongolia, the United Nations' Green Climate Fund, and relevant private sector organizations decided to each provide funding equivalent to $5 million in MNT to the MGFC's charter capital, securing 33.33% ownership and fulfilling essential conditions. Effectively, the Development Bank of Mongolia invested $5 million in the Mongolia Green Finance Corporation, owning 33.33% of the corporation as per a government resolution passed this November. This paves the way for the MGFC’s operations to commence. The government resolution aims to increase the financial resources required for green project programs to reduce air pollutants and greenhouse gas emissions by activating cooperation between international organizations, the private sector, and the government. This supports effective implementation of international commitments, national development goals, and government operation objectives. The inclusion of the Development Bank of Mongolia in implementing MGFC's activities is viewed as a significant opportunity. For instance, by acquiring shares in MGFC, the Development Bank of Mongolia will establish a leading position in Mongolia's sustainable finance sector and actively participate in financing green projects and programs. This will enhance the reputation of the Development Bank both domestically and internationally, playing a key role in transitioning Mongolia to a green economy. Moreover, partnership with international financial institutions such as the Green Climate Fund and the Asian Development Bank will be strengthened, providing opportunities to receive concessional financing and grants from international partners, access lower interest rate resources, receive technical assistance, participate in future green projects, and obtain accreditation from the GCF and other relevant international green funds. As Mongolia increasingly prioritizes green economic strategies, the Development Bank can invest in projects such as energy efficiency, renewable energy, and affordable housing, enhancing the financial ecosystem and gaining sustainable financial returns in the long term. Under the Paris Agreement, within the framework of the National Policy "Vision 2050," Mongolia expressed its commitment to reduce greenhouse gas emissions by 22.7% by 2030 and achieve zero net emissions by 2050. Therefore, efforts are being made to improve quality of life, enhance human development, and achieve inclusive and green development through quality education and good governance. However, to successfully contribute and achieve these goals, a preliminary estimate suggests that approximately $11.5 billion is required for the country. These funds can be raised through international financial institutions, loans and grants from donor countries, and private sector investment beyond the state budget of Mongolia. According to the central bank's green loan report for the first half of 2024, green loans constitute 3.2% of the total loans in the banking sector, equivalent to 1071.1 billion MNT. This is only slightly over 1% of the $11.5 billion or around 40 trillion MNT required for the green transition in Mongolia, indicating a significant shortage of sources. The mentioned government resolution also includes an arrangement to provide 13 million USD worth of funds back to the Development Bank of Mongolia from the state budget as recoverable financing to form the source of financing for MGFC's operations. This state budget financing will directly support implementing a development model with low greenhouse gas emissions, reduced wasteful consumption, and increased socio-economic inclusion, improving livelihoods and reducing poverty. One of the main reasons for migration towards the capital is the inadequate living conditions, opportunities, housing supply, and infrastructure in rural areas, with only 82 of the country's soums connected to engineering infrastructure networks. Therefore, by activating the operations of the Mongolia Green Finance Corporation in the medium and long term, efforts will be made to increase accessibility to green loans, providing lower and middle-income target groups with access to energy-efficient housing, creating a favorable living environment in remote areas with no engineering infrastructure, introducing new energy-saving technologies suitable for the harsh climate, and implementing projects and programs that positively impact air and environmental pollution reduction.

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Demand for Declaration of Emergency Against Smoke

Published: 2024-12-06 | Translated from: unuudur.mn

Air pollution has become extreme, with Ulaanbaatar topping the world for its smog. Citizen representatives organized a peaceful protest at the central square yesterday. The protest was initiated by Ch. Ganjavkhlan, well-known as the founder of the NGO "Lantuun Dohio" and the "Magic Land" center. He was holding a paper with "Declare a State of Emergency" written on it. He demanded that the authorities and city leadership "come up with a solution in 30 days, report all budgets and plans, we need to breathe, it's enough now." As of 16:00 yesterday, citizens continued to join the protest. "The government’s failure to take any concrete action against the smoke is a crime. We must recognize this situation as exceptional and declare a state of emergency, just like with COVID. Accept the truth. Let’s hold hearings on the money eaten and drunk under the pretense of reducing smoke. Let’s hear the plans for what they intend to eat and drink next. We demand real change in the next 30 days," he called upon the public. Additionally, a citizen, B. Munkhishig, posted a public petition on the website petition.parliament.mn, titled "Let’s Hold Smoke Hearings. Let’s Monitor, Evaluate, and Improve Budget Spending," gathering public signatures. As of yesterday, about 7,000 people had supported and signed the petition started on the 27th of last month. Protesters stressed that while air pollution threatens citizens' daily lives, if people don't express their opposition in the central square, they should at least support the online petition. The protest is planned to continue today at 12:00 noon.

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Over 70,000 Support Hearing on Air Pollution

Published: 2024-12-06 | Translated from: isee.mn

70302 people have signed a petition to conduct a hearing against air pollution. Through the website PARLIAMENT.MN, signatures have been collected under the campaign "Let's hold a hearing on air pollution. Let's control and evaluate budget spending and improve it." The signature collection began on November 27, 2024, and as of today, 70302 people have signed. According to Article 39, Clause 1 of the Law on the State Great Khural of Mongolia, if a permanent committee is to conduct an investigation within its jurisdiction, 70,000 citizens' signatures are required.

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An Earthquake of 3.8 Magnitude Occurred in Bayn-Ovoo Soum, Omnogovi Aimag

Published: 2024-12-06 | Translated from: news.mn

Summary of the calls received by the General Emergency Authority last night: Fire incidents: A call was received at 07:24 about a house on fire in the 25th khoroo of Songinokhairkhan district, Ulaanbaatar. Upon arrival, the emergency team from the 29th unit found that the roof of Citizen A’s house, measuring 5x7 meters, and an adjacent shed, measuring 2x2 meters, were on fire, which they extinguished. In Murun soum of Khuvsgul aimag, a call was received at 11:20 about a house on fire in the 1st bag. The emergency team from the 27th unit found the roof and boiler room of Citizen S's house, measuring 10x8 meters, on fire, which they extinguished. In Sharyngol soum of Darkhan-uul aimag, a call about heavy smoke in an apartment entrance was received at 11:51. The emergency team from the 55th unit found trash burning outside the building at a 2x1 meter garbage area, which they extinguished. Eleven residents were safely evacuated from the smoky area. In Ulaangom soum of Uvs aimag, a call about a truck on fire was received at 12:10. The emergency team from the 41st unit found Citizen B's “Beiben North Benz ND5314” truck on fire, which they extinguished. In Herlen soum of Khentii aimag, a call about a yurt on fire was received at 12:35. The emergency team from the 32nd unit found Citizen A's four-walled yurt along with its contents fully on fire, which they extinguished. In Darkhan soum of Darkhan-Uul aimag, a call about a house roof fire was received at 14:41. The emergency team from the 22nd unit found the roof of Citizen B's house, measuring 6x8 meters, on fire, which they extinguished. A call was received at 17:15 about a fire in the 18th khoroo of Songinokhairkhan district. The emergency team from the 26th unit found trash burning in a second-floor room of a building, which they extinguished. In the 27th khoroo of Bayangol district, a call about a garbage fire was received at 00:07. The emergency team from the 10th unit found trash burning in a 3x10 meter garbage area, which they extinguished. In the 7th bag of Darkhan soum, a call about a house fire was received at 00:46. The emergency team from the 22nd unit found Citizen Ch’s 4x6 meter house and Citizen B's five-walled yurt on fire, which they extinguished. Seismic incident: An earthquake of magnitude 3.8 occurred at 05:58:01 in the "Tsagaan Del" area of Bayn-Ovoo soum, Omnogovi aimag (144 km southeast of the provincial center, 51 km northwest of the soum center, and 44 km southeast of the Tsogttsetsii soum center). The information was sent via email at 06:06 the same day. Inquiries with local authorities and residents revealed no felt tremors or reported damage. Human-related accident: Other types of accidents/operations: In Songinokhairkhan district's 4th khoroo, a call was received at 13:10 about a toddler locked inside his home. The rescue team arrived and opened the door in 11 minutes, handing over two-year-old T to his grandmother.

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Innovation

Establishment of Drone Testing Zones in Darkhan-Uul, Bayanzurkh, and Nalaikh

Published: 2024-12-06 | Translated from: unuudur.mn

The government has decided to establish drone testing zones. Specifically, it has been decided to set up a regularly operating area to test drones and unmanned aerial systems (UAS) up to an altitude of 500 meters in Darkhan-Uul province and Bayanzurkh and Nalaikh districts. In the future, the legal environment is expected to be improved to conduct drone tests in other locations identified by research. "Establishing a drone testing zone will allow us to test advanced new technologies in our country, attract international investors, and use methods for geological exploration, environmental monitoring, energy, emergency situations, and providing internet services to remote soums and settlements. Additionally, it will lay the foundation for introducing 'drone taxi' services," stated the Minister of Digital Development, Innovation, and Communications. An inter-agency task force consisting of representatives from the public and private sectors has been established as part of this initiative. The Civil Aviation Authority of Mongolia, in collaboration with other relevant organizations, has identified restricted and unrestricted areas away from air routes. In our country, aviation activities performed by any aircraft or device are regulated by specific laws and rules, establishing the operator's rights and responsibilities, safety risks, and airworthiness standards. The airspace is divided into classes A, B, C, E, F, G, and approvals are issued accordingly. Drones are categorized under class G airspace, and are regulated to fly no more than 25 kg in weight, at a height not exceeding 120 meters above ground level, and only during the daytime. However, due to technological advancements, drones with features exceeding the weight, speed, flight altitude, and distance restrictions previously regulated by these laws and legal documents have been introduced into use. This has raised risks, such as hazards to airspace and any flight movement, illegal transport of goods, espionage activities, cyber attacks, and conducting unauthorized drone tests compromising public safety. Therefore, countries are establishing testing free zones to create a basic environment for testing and introducing new technologies, supporting such products and services.

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Collaborating with the UN to Redesign Government and Business Based on Data

Published: 2024-12-06 | Translated from: montsame.mn

The Minister of Digital Development, Innovation, and Communications, Ts. Baatarkhuu, met with representatives from the United Nations Department of Economic and Social Affairs. At the beginning of the meeting, Ts. Baatarkhuu expressed gratitude for the international seminar organized by the UN, emphasizing the importance of analyzing the current situation to integrate new technologies such as data governance and artificial intelligence in Mongolia. He mentioned the government's policy to make the vast data held by the state open and bring it into economic circulation. A national strategy for the development of artificial intelligence is being prepared to be introduced to the public in early 2025. Thus, the Government expressed its desire to collaborate on projects to undertake data-driven government and business redesign, formulate reform policies, ensure institutional coordination, develop processes for data creation and integration, and prepare the necessary human resources. Representatives from the UN Department of Economic and Social Affairs expressed their gratitude for the active collaboration in analyzing the current state of Mongolia’s national data governance, under the leadership of the Ministry of Digital Development, Innovation, and Communications (MDICT). They stated their commitment to working extensively with Mongolia to strengthen e-governance. The two-day seminar will outline the current level of data governance in Mongolia, and the findings will soon be published, it was highlighted.

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Health

Carcinogenic Substances Released Indoors in Schools and Kindergartens

Published: 2024-12-06 | Translated from: isee.mn

The National Center for Communicable Diseases (NCCD) provided information regarding the situation of influenza and influenza-like illnesses, as well as how to protect and prevent them from air pollution. During this event, B. Suvd, the head of the Health and Environmental Impact Assessment Division of the National Center for Environmental Health, stated, "People spend 80-90% of their time indoors. However, carcinogenic substances are released in the internal environment of buildings, schools, and kindergartens in our country. Research has found that when heating is provided, volatile organic compounds are released into the air from paint, linoleum, and carpets, which can enter the respiratory tracts of children aged 7 months to 4 years and contribute to cancer development."

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D.Argabilég: I've lived in a polluted city since I became aware. The smoke makes me cough and gives me headaches. /VIDEO/

Published: 2024-12-06 | Translated from: isee.mn

Citizens have gathered at Sukhbaatar Square to peacefully protest against pollution. D.Argabilég, a participant in this protest, said, "I've lived in a smoky city since I became aware. The smoke is very unpleasant and very toxic. It makes me cough and gives me headaches. My throat doesn't hurt much, but my nose gets blocked and it's hard to breathe. Speaking of the smoke, Mongolia is very dusty too. So it becomes even harder to breathe. In general, since our country's leaders are not good, they are not fighting against the pollution. They just steal money and don't come up with solutions to eliminate the smoke. Actually, in developed foreign countries, and in countries like ours that get cold in winter, the air pollution is relatively better."

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Established 28 Centers for Health Promotion

Published: 2024-12-06 | Translated from: unuudur.mn

Comprehensive centers for screening and diagnostics aimed at providing health education to citizens and preventing diseases have been established in tier-three hospitals since 2020. Many specialized hospitals, starting from the National First Central Hospital, now have such centers. In May 2022, 28 new Health Promotion Centers were established nationwide as part of a preventive and early detection screening initiative, as announced by the sector's ministry. These centers can serve 120-130 people per day and are unique in offering all assistance and services in one place, unlike the routine screenings and diagnostics at hospitals. Specifically, Health Promotion Centers conduct comprehensive diagnostic tests and examinations using around 20 types of equipment, as well as over 10 specialized screenings. They detect diseases and disorders early and provide advice and instructions for healthy living to the public. The centers aim to dispel the traditional belief that preventive screenings and diagnostics are superficial, ensuring they meet quality standards and provide evidence-based services to the population. People can select from 4-5 types of preventive screening packages offered by the center and use their insurance to access these services. As an additional note, 1.5 million people have participated in the nationwide preventive early detection screenings. This initiative involves 735 public and private healthcare institutions working together, having trained approximately 40,000 doctors and staff. The Ministry of Health reported an investment of 42.7 billion Mongolian Tugriks in early detection this year.

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Sports

The Budget for the Sports and Physical Education Sector Next Year Has Been Halved

Published: 2024-12-06 | Translated from: isee.mn

For the first time, the President of Mongolia has vetoed the entire budget, which the State Great Khural subsequently accepted. Some members described it as an unprecedented situation in the 34-year history of the parliament. The budget was thoroughly reviewed, leaving no detail unexamined, and information was provided, leading to a situation where "an undisputed budget was passed." However, it is said that the government is mercilessly cutting the budget of one of the leading sectors of the country. To be precise, there is information that the budget for the sports and physical education sector for next year has been halved. Although the economy primarily focuses on sectors like mining, doesn’t it support the development of "educated citizens" and "Mongolian people" through sports? A sense of pride is the eternal flame of patriotism. Yet, the country should not neglect the efforts of athletes who are bringing "Mongolia" into the spotlight across borders. You cannot expect gold medals and the pinnacle of honor from your national team if you cut their expenses but seek those achievements. Not everyone who desires it becomes a "champion" inspiring the masses. Support for those who have been training diligently and humbly in their sweaty halls seems overlooked. Looking at the 2025 budget information on the parliament’s website, attention was drawn to the sports sector from various sectors. The national team has 330 athletes in 26 winter and summer sports included in the Olympic program. The budget of the Mongolian national team was 13.8 billion in 2023 and was set to increase to 25.8 billion in 2024. However, it has sharply decreased to 9.5 billion in the 2025 budget plan. Moreover, more than half of the 9.5 billion, about 5 billion, will be spent on salaries, social insurance, and similar expenses. The remaining 4.5 billion will cover expenses starting from accommodations for athletes participating in international competitions. There are no shortages of tournaments like the Olympics, world championships, Asian championships, and grand slams. Particularly, the costs related to participating athletes and coaches in the "Harbin-2024" Asian Winter Games and obtaining participation rights will be a concern. There is also the challenge of sending athletes to the 2026 Milan Winter Olympics. Expecting continental, world, and Olympic glory from athletes with an inadequate budget is an unacceptable harshness. The connection is home, the homeland. Athletes have played a significant role in awakening and making us realize this. Being a world athlete is not just about individual fame, but behind it are Mongolia as a nation and the hearts of sports-loving Mongolian people. It is a constant reminder to the world through its unprecedented brilliance. If we continue to consider culture and physical education as a "thistle" in the state budget, it will be challenging to imagine the future of the Mongolian people.

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Arts

Mongolian Nomadic Ritual Registered by UNESCO

Published: 2024-12-06 | Translated from: gogo.mn

During the 19th regular session of the UNESCO Intergovernmental Committee for the Protection of the Intangible Cultural Heritage, held in Paraguay, the "Mongolian Nomadic Ritual" heritage was officially inscribed on the Representative List of the Intangible Cultural Heritage of Humanity. This becomes the 16th heritage from Mongolia to be registered on UNESCO's intangible cultural heritage list. The "Mongolian Nomadic Ritual" heritage encompasses a comprehensive system of traditional knowledge and practices, including choosing migration pasturelands, selecting auspicious days to migrate, packing and moving belongings, cleaning the settlement site, performing rituals upon arrival at a new location, managing pasture resources and capacity in harmony with the structure and number of one's own and neighboring households' livestock, as well as the distribution and habitation of wildlife and plants. It also incorporates practices for livestock herding and environmental protection. Research and studies were organized to apply for the inclusion of this heritage in the UNESCO list. UNESCO experts visited Mongolia and studied the nomadic cultural heritage, with the participation and support of scientists, researchers, and thousands of herders, assessing and validating the heritage, as reported by the Ministry of Culture, Sports, Tourism, and Youth.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Sports

Arts

Politics

Conducting the First Review of the Political Parties Bill

Recommendation to Annul the Closed-Approved City Budget

Recommendation to Revoke the Capital's 2025 Budget Delivered

Discussing the Draft Law on Political Parties

Revoke the 2025 City Budget Approved in 30 Minutes

VIDEO: Five Parties Support Delay in Political Parties Law, Says Member Ö. Shijir

The Parliament Session Has Started

A Budget Without Deficits But Unmet Promises

Economy

The European Union and the UN Collaborate to Support Budget and Financial Management and Decent Employment in Mongolia

Certificates of Origin for Export to Japan Will Be Issued Electronically

Chinese Investors Invited to Implement Major Projects and Programs

EVENT: Addressing Issues Faced by Workers in the Geology, Mining, and Heavy Industry Sectors

E. Batshugar: The budget's current expenditure is too high, so investment is not increasing

European Union and UN Support Financial Management and Decent Employment

Coal Export Plan for 2024 Expected to Exceed by 6-7%

Preparing to Appoint a Foreign Director for "ETT" LLC

E. Batshugar: Excessive Current Expenditure Prevents Investment Growth

Due to High Current Expenditure, Investment is not Increasing

Bitcoin Reaches $100,000 on Expectations of Cryptocurrency-Friendly Policies from D. Trump

MonJa Young Entrepreneurs Report Their Work

Discussing Mutual Benefits in Mining and Tourism with the UAE

Mandal Future Growth Fund’s total assets predicted to reach 69-70 billion MNT by the end of this year

Diplomacy

K. Amirzhanov: Achieving a Strategic Partnership Between the Two Nations is a Historic Event

Mongolia and the Emirates Discuss Expanding Relations and Cooperation

Ch. Lodoysambuu: Mongolia is joining the Eurasian Economic Union and signing trade agreements with former Soviet countries

Infrastructure

20,000 Housing Units to Be Built in Selbe, Bayankhoshuu, and Khanin Material

J. Aldarjavkhlan: Until When Will the Policy of Not Building Schools and Kindergartens Continue?

Road to 'Chinggis Khaan' Airport Slippery and Visibility Limited, MIAT Warns

Society

L. Batttor: Today's Traffic Jam and Dust Affect People's Mental Health

"2025 is Declared as the Year of Supporting Youth, with Policies to Include Young Couples in Mortgage Loans"

Mongolia: 99 Percent 'Empty'

Environment

LIVE: Second Day of "We Want to Breathe" Peaceful Protest Against Pollution at Sukhbaatar Square

23,000 Households to Benefit from Mongolia’s Green Finance Corporation’s Healthy Living Project

The National Security Council Acknowledged Air Pollution Issue in 2017

23,000 Households to Benefit from Mongolia's Green Financing Corporation's Project for a Healthy Environment Support by the Development Bank

Live: "We Want to Breathe" Peaceful Protest to Continue Until Solution is Found, Say Citizens

NEMUT: Citizens should regularly use and integrate the air quality index available on Agaar.mn into their daily lives.

86,000 Citizens to Benefit from the Sustainable Living Project by the Mongolia Green Finance Corporation

Demand for Declaration of Emergency Against Smoke

Over 70,000 Support Hearing on Air Pollution

An Earthquake of 3.8 Magnitude Occurred in Bayn-Ovoo Soum, Omnogovi Aimag

Innovation

Establishment of Drone Testing Zones in Darkhan-Uul, Bayanzurkh, and Nalaikh

Collaborating with the UN to Redesign Government and Business Based on Data

Health

Carcinogenic Substances Released Indoors in Schools and Kindergartens

D.Argabilég: I've lived in a polluted city since I became aware. The smoke makes me cough and gives me headaches. /VIDEO/

Established 28 Centers for Health Promotion

Sports

The Budget for the Sports and Physical Education Sector Next Year Has Been Halved

Arts

Mongolian Nomadic Ritual Registered by UNESCO

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