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Mongolia News Summary for October 17, 2024

Mongolia News Summary for October 17, 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

The Australian Parliament Supports Strengthening Citizen-Centric Government and Empowering Gender and Civil Society

Published: 2024-10-16 | Translated from: gogo.mn

The Speaker of the State Great Khural, D. Amarbayasgalan, held an extended meeting in the State Palace with Susan Lines, President of the Senate of the Parliament of the Commonwealth of Australia, who is on an official visit to our country. During the meeting, both parties affirmed their commitment to expanding and strengthening the friendly relations and cooperation between Mongolia and Australia, noting that these relations are being developed based on common democratic values. Speaker D. Amarbayasgalan expressed confidence that the visit of the President of the Senate, S. Lines, would not only expand inter-parliamentary cooperation between the two countries but also significantly contribute to the strengthening of Mongolia-Australia relations and cooperation within the framework of Mongolia's "Third Neighbor" policy. Additionally, the parties emphasized the dynamic expansion of people-to-people relations in recent years and welcomed the efforts to establish a Social Security Agreement and an Intergovernmental Agreement on Air Services between the two countries. The President of the Senate, S. Lines, highlighted the development of relations with Mongolia based on democratic values that respect human rights, freedom, the rule of law, and gender equality, and noted the expansion in various social and economic sectors. As an experienced individual in the field of education, President S. Lines expressed her special attention to cooperation in education between the two countries and emphasized Australia's continued support for ongoing projects in Mongolia that strengthen professional, citizen-centric government, and empower gender and civil society. The extended meeting between Speaker D. Amarbayasgalan and President S. Lines was conducted in a productive, open, and friendly atmosphere. According to the State Great Khural Press Office, both sides agreed that this visit made a significant contribution to strengthening mutual trust and legislative ties between the highest legislative bodies of the two countries, as well as enhancing the level of bilateral relations and cooperation.

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Corruption and Office Misconduct Cases Increase by 5.3% in the Third Quarter of This Year

Published: 2024-10-16 | Translated from: isee.mn

The Prosecutor's Office oversaw 1,543 cases of corruption and office misconduct during the third quarter of this year, an increase of 5.3% compared to the same period last year. Of these, 206 cases have been brought to court with charges filed. Specifically, 142 cases involved abuse of power and official positions, 134 cases involved bribery, 2 cases involved illicit enrichment, and 2 cases involved the misuse of budgetary funds. In the course of the investigation, assets worth 43 billion tugriks connected to criminal activities were seized, and 1.8 billion tugriks worth of assets were confiscated. 66.7% of corruption and office misconduct crimes were recorded in the capital, while 33.3% were recorded in other areas. Crimes involving the misuse of power and official positions by politically influential and public officials accounted for 78.3% of all corruption and office misconduct cases. Bribery crimes accounted for 16.8%, giving bribes 10%, and illicit enrichment 4.6%.

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Economy

Foreign Investment Funds Provided Access to the Domestic Market

Published: 2024-10-16 | Translated from: montsame.mn

According to the Mongolian Stock Exchange, a total of 7.7 trillion MNT worth of mining products have been traded. The average daily trading volume of the exchange is measured at 43 billion MNT. Of this amount, 6.9 trillion MNT of coal, 423.6 billion MNT of iron, 40.5 billion MNT of copper concentrate, and 8.1 billion MNT of fluorspar have been traded. This information was shared by J. Tsogtbayar, who is temporarily acting as the executive director of the Mongolian Stock Exchange, during his meeting with economic journalists. Currently, over 390 companies have registered to participate in the trading of mining products at the exchange, with 70-80 percent of them regularly participating in trading. He noted that the number of participants is expanding, and starting next month, "Mogoin Gol" JSC will be selling its coal through the Stock Exchange. Our country has transitioned to the international "Frontier" market classification. This has created opportunities for foreign investment funds to participate in the domestic market. By trading mining products through the exchange, it has positive implications such as increased foreign currency reserves, economic growth, increased revenues from State-owned companies and enterprises, end consumers, and mineral exports, as well as the emergence of a fair, open, and transparent market, and opportunities for risk management in mining companies. The key point highlighted by J. Tsogtbayar is that the price information from the mining product exchange now serves as a source for calculating the Government’s royalty.

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Standing Committee on Economic Affairs: Foreign Exchange Reserves Have Decreased to 4.6 Billion USD

Published: 2024-10-16 | Translated from: news.mn

The Standing Committee on Economic Affairs is holding a meeting today. Member of the State Great Khural J. Ganbaatar stated: - The official foreign exchange reserves reached a historical low in August 2022. The Governor of the Bank of Mongolia is well aware of this. In May 2024, it reached a historical high of 5.2 billion USD. Now it has decreased to 4.6 billion USD. What is the reason for this? The objective was to reach 10 billion USD, wasn't it? I understand it should constantly rise. Why has it been decreasing for half a year now? Also, the outstanding balance of securities is 9 trillion MNT. The Central Bank's. This is a historical high. It decreased during the pandemic. This money should be circulating in the market, right? But it remains with the Central Bank. Entrepreneurs face a 22% interest rate when seeking loans. It is quite challenging to do business overcoming this. Monetary policy should support entrepreneurs. How can we reduce this? That multitude of billions of MNT should reach people. What kind of monetary policy will be implemented? Thirdly, the law on investment banks was passed. In which month of 2023 was it again? Are there any requests or proposals coming in? Are you working on it? It was said that interest rates would decrease with the entry of foreign investment banks. However, interest rates keep increasing. The Governor of the Bank of Mongolia, B. Lkhagvasuren, is not doing a bad job. But the results of the work are not visible. A significant amount of money is going in as investment. The law on banks has been postponed to 2026. It cannot be delayed further. Governor of the Bank of Mongolia, B. Lkhagvasuren, responded: - The foreign exchange reserves reached a historical high of 5.2 billion USD this year. Since then, 50% of the swap deal debt with the People's Bank of China has been repaid. Three installments were paid starting from the beginning of the year. The debt was 12 billion yen at the beginning of the year, and only 6 billion yen remains now. A debt of 2 billion USD was recorded at the time, which has now decreased to less than 800 million USD. This affected the foreign exchange reserves. Also, imports have increased by 20% and exports by 6% compared to last year. The import pressure prevents the foreign exchange reserves from increasing. We are informing the public about the balance of payments data. There has been significant growth in investments and consumption. For example, 85,000 cars were imported in eight months, compared to 50-60,000 cars in the previous years. It is expected to surpass 100,000 by the end of this year. This increase has a negative impact on increasing the foreign exchange reserves. The Bank of Mongolia expects the reserves to grow to between 4.8 and 9 billion USD by the end of the year. In general, the foreign exchange reserves can be maintained at stable and high levels. The outstanding balance of securities is 8.7 trillion MNT. This is the excess reserves of commercial banks. However, if loans are to be issued from these reserves, there is risk. For example, the volume of loans issued to the market increased by 30% compared to 2023.

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State Secretary of the Ministry of Industry and Mineral Resources S. Javkhlanbaatar Presented at “China Mining 2024”

Published: 2024-10-16 | Translated from: itoim.mn

State Secretary of the Ministry of Industry and Mineral Resources S. Javkhlanbaatar gave a presentation on the “State Policy in the Industrial and Mineral Sectors” at the “China Mining 2024” international mining exhibition and conference. A delegation led by S. Javkhlanbaatar from the Ministry of Industry and Mineral Resources participated in the “China Mining 2024” exhibition and organized a session on “Mongolian Mining.” During the session, State Secretary S. Javkhlanbaatar introduced the policies being implemented by the Mongolian Government in the industrial and mineral sectors and delivered a presentation on ongoing projects. During the conference, he held special meetings with the Chinese Minister of Natural Resources, the president of the China Mining Association, and representatives of companies operating or interested in investing in Mongolia’s mineral sector to discuss potential cooperation in the industry and minerals sector. The “China Mining” exhibition has been held annually since 1999 and is in its 26th year. It is a prominent event in the mineral resources sector that involves domestic and foreign investors, suppliers, and both public and private sectors, covering geological research, exploration, development, and technical investment. More than 500 companies from over 70 countries and over 1,000 representatives are participating in this event. The exhibition and conference are notable for organizing forums that explore trends, investment opportunities, and development in the global mining sector. This year’s event notably focuses on the green economy, innovation, new discoveries in domestic and international geological exploration, research, and industrialization policies.

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External Investors Did Not Attend "Mining Week", So S. Javkhlanbaatar Presented Projects at China's "Mining 2024"

Published: 2024-10-16 | Translated from: isee.mn

The Ministry of Industry and Mineral Resources, together with the Mining Association, organized the "Mining week" event during the first week of October. The purpose of this event was to promote Mongolia's industry and mineral resource sectors to foreign investors and to increase investment. However, foreign investors were notably absent from the event, leading Member of Parliament D. Ganbat to emphasize, "There were no foreign investors coming to 'Mining week'. No one would enter such a corrupt and thieving place." Meanwhile, the "China Mining 2024" conference is being held these days in Tianjin, China, attracting attention as over 500 companies from more than 70 countries and over 1000 delegates are participating. Among them is Mongolia. Representing Mongolia at the "China Mining 2024" conference is the State Secretary of the Ministry of Industry and Mineral Resources, S. Javkhlanbaatar, who delivered a presentation during the event. In his presentation, he introduced and discussed the "policies in the industry and mineral resources sectors pursued by the state, and the projects being implemented by the Government of Mongolia in these sectors." In short, since foreign investors did not attend Mongolia's "Mining week," the State Secretary of the Ministry of Industry and Mineral Resources, S. Javkhlanbaatar, presented the "policies in the industry and mineral resources sectors pursued by the state, and the projects being implemented by the Government of Mongolia in these sectors" to the foreign investors at China's "Mining 2024."

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Exchange rate for USD reaches 3,414 MNT at the Naiman Sharaga Forex Center

Published: 2024-10-16 | Translated from: ikon.mn

The exchange rate for the US dollar has reached 3,414 MNT at the Naiman Sharaga currency exchange center. According to the Mongol Bank, the exchange rate for the US dollar has reached 3,388 MNT. Since the beginning of 2024, the average exchange rate for the US dollar was approximately 3,380 MNT, but it has started to increase this month. For instance, the exchange rate for the US dollar was 3,380 MNT on September 30th, and by October 10th, it had increased to 3,385 MNT. In connection with this, at the Naiman Sharaga Forex Center — which accounts for about 5% of the market — there were many more people interested in buying rather than selling dollars. The selling price of the US dollar at this center reached 3,414 MNT, while the buying price was 3,408 MNT. Meanwhile, the exchange rate for the US dollar set by the Mongol Bank today is 3,388 MNT. When asked why the exchange rate for the US dollar is increasing, the Mongol Bank did not provide a clear answer. Note: Media organizations must mention the source (ikon.mn) when using our information in any form, either completely or partially.

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Y. Otgonbayar Appointed as Deputy Director of "Badrakh Energy" Company

Published: 2024-10-16 | Translated from: itoim.mn

Y. Otgonbayar has been appointed as the Deputy Director of "Badrakh Energy" Company. The board of directors of the company met at the end of September and appointed Y. Otgonbayar as the Deputy Director. Y. Otgonbayar served as the Ambassador of Mongolia to the United States from 2017 to 2022, though he was recalled before the end of his term. He also has experience as a member of the Mongolian Parliament and as the Minister of Education, Culture, and Science. "Badrakh Energy" is a joint venture of state-owned companies from Mongolia and France, and it operates as an international uranium mining company. The Mongolian government owns 34% of the company through "Mon Atom," while France's "Orano" Group owns 66%. Consequently, the CEO of the company is appointed by the "Orano" Group, while the Deputy Director is appointed by the Mongolian government. The Mongolian government has announced that it is negotiating with France's state-owned "Orano" Group to implement a uranium project and is working to have the Investment Agreement approved during the autumn session.

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96.2% of Exports Consist of Precious Stones, Metals, Jewelry, and Textile Products

Published: 2024-10-16 | Translated from: montsame.mn

Mongolia traded with a total of 154 countries during the first 9 months of 2024, with a total foreign trade turnover reaching $20.4 billion US dollars. Specifically, exports amounted to $11.8 billion US dollars and imports to $8.6 billion US dollars. The trade turnover increased by $2.3 billion US dollars compared to the same period in 2023, with exports rising by $482.7 million US dollars (4.3%) and imports by $1.9 billion US dollars. The increase in exports compared to the same period in 2023 by $482.7 million US dollars was influenced by copper concentrate ($264.6 million US dollars), coal ($218.0 million US dollars), and iron ore and concentrate ($123.1 million US dollars). On the other hand, zinc ore and concentrate decreased by $59.8 million US dollars, and canned meat products by $50.9 million US dollars. The $1.9 billion US dollar increase in imports compared to the same period in 2023 was influenced by passenger cars ($304.4 million US dollars), trucks ($259.7 million US dollars), diesel fuel ($187.0 million US dollars), bulldozers, auto scrapers, road rollers, levelers, and excavators ($122.7 million US dollars), telephone communication and electrical apparatus ($67.5 million US dollars), and gasoline ($62.9 million US dollars). Gold prices rose by $355.2 US dollars per ounce compared to the same period in 2023. The price of copper concentrate increased by $160.8 US dollars per ton, and the price of iron ore and concentrate increased by $6.2 US dollars per ton. However, coal prices decreased by $23.9 US dollars per ton. Regarding exports to China, 62.4% was coal and 21.0% was copper concentrate. Exports to Switzerland consisted of 99.5% unprocessed or semi-processed gold. The share of coal exports in total exports to China was 61.6% for the first 9 months of 2024, a decrease of 0.2 percentage points from the same period in 2023. Exports accounted for 45.6% through Gashuun Sukhait, 19.5% through Zamyn-Uud, and 13.4% through Shiveekhuren, accounting for 78.5% of total exports. Mineral products, precious stones, metals, jewelry, and textile products accounted for 96.2% of exports. Meanwhile, 72.4% of imports consisted of mineral products, machinery, mechanical equipment, electrical appliances, transport vehicles, and main metal products. Of the goods imported from Russia in the first 9 months of this year, 70.9% were petroleum products. From Japan, 78% of imports were passenger cars, and from China, 11.6% were trucks. The share of machinery and equipment imports from China was 27.8%, a decrease of 1.2 percentage points compared to the same period in 2023. Imports accounted for 51.7% through Zamyn-Uud and 21.6% through Sukhbaatar, totaling 73.2%. Export: This accounts for goods taken abroad by depleting the country's material resources, including direct export of domestic goods and re-export of foreign goods. Import: This accounts for goods brought into the economic territory by replenishing the country's material resources, including direct import of foreign goods and re-import of domestic goods. This explanation was given by the National Statistics Office.

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GOLOMT BANK: Invitation to Participate in the Tender

Published: 2024-10-16 | Translated from: itoim.mn

Golomt Bank is selecting companies to perform major renovations and routine work for its offices and branches, and invites companies to participate and collaborate.

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Diplomacy

Prime Minister Oyun-Erdene: Mongolia is ready to cooperate mutually beneficially with SCO member countries

Published: 2024-10-16 | Translated from: gogo.mn

Mongolian Prime Minister L. Oyun-Erdene participated in the expanded meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) member and observer countries, held in Islamabad, the capital of the Islamic Republic of Pakistan, and delivered a speech. Here is the full text of his speech. The Prime Minister of the Islamic Republic of Pakistan, His Excellency Shehbaz Sharif, Heads of respected delegations, Ladies and gentlemen, First of all, I would like to express my gratitude to the Secretary-General and the Secretariat for their leadership and important contributions in guiding the spirit of the Shanghai Cooperation Organization (SCO) over the past three years. I also extend my congratulations and thanks to His Excellency Mr. Muhammad Shehbaz Sharif, the Prime Minister of the Islamic Republic of Pakistan, and his team for successfully organizing today's expanded meeting of the Council of Heads of Government of SCO member and observer countries. I am grateful that since its establishment, the SCO has been expanding its scope in various aspects, increasing the number of member and dialogue partner countries every day, and strengthening mutual trust and friendly relations between countries. Also, Mongolia is satisfied that the SCO is developing and evolving as a mechanism that plays an important role in strengthening peace, stability, security in the region, and in expanding and developing cooperation in political, economic, cultural, and humanitarian fields. This meeting is being held at a time when international relations are becoming increasingly divided, with armed conflicts, price hikes, shortages of food and energy, climate change, and desertification posing challenges worldwide. In order to overcome these challenges, it is important for every country to work on strengthening peace, stability, and security. Therefore, it is crucial for the countries of the world to adhere to the principles of the UN and the "Shanghai Spirit," making joint efforts to deepen international unity, mutual understanding, trust, and respect. In this regard, the expanded SCO of today makes an appropriate contribution, working effectively to promote trade, economic cooperation, understanding, and trust among participant countries. Distinguished friends, Within its "peace-loving, open, independent, and multi-pillar" foreign policy, Mongolia will continue to develop its relations and bilateral and multilateral regional cooperation with the member, observer, and dialogue partner countries of the SCO. Mongolia will actively engage in economic and infrastructure cooperation with the SCO and its member countries, aiming to develop mutually beneficial cooperation in trade, investment, food, agriculture, mining, energy, industrialization, transport logistics, port infrastructure, environment, green development, green transition, tourism, information technology, AI artificial intelligence, and humanitarian fields. Ladies and gentlemen, Mongolia has overcome the difficult phase of the global Covid-19 pandemic together with you at the regional level, and for three consecutive years, the economy has grown by 5-8%, with GDP per capita increasing by $1000 annually. This can be seen as an important indicator of entering into economic integration with our eternal neighbor countries and regional cooperation. Mongolia has made amendments to its Constitution, strengthening parliamentary governance, increasing parliamentary representation capacity, and adding more members. For the first time, five parties are represented in the new parliament of Mongolia, with the percentage of women exceeding 25%, surpassing regional averages, and having a parliament with experts from various sectors. Mongolia has made constitutional changes to make development policy and planning more sustainable and to involve multiple parties in the decision-making level. A coalition government has been established, and 14 mega projects considered beneficial at the regional level are announced for implementation through regional cooperation with neighboring countries. Most of these projects focus on transport, logistics, energy, mineral resources, and mining sector cooperation. Furthermore, today the governments of Russia, China, and Mongolia held a trilateral meeting using this SCO platform, exchanging proposals to intensify cooperation in these projects, which is satisfying. Going forward, Mongolia expresses its readiness to support investment in railway, infrastructure, energy, agriculture, and tourism sectors with countries, working in a mutually beneficial way. Mongolia's financial assessment and e-governance index indicators have improved. This is a positive signal about our country for investors, and we will strive to maintain stability and pursue responsible cooperation. With the SCO member countries, Mongolia is ready to actively enhance cooperation in line with its "Vision-2050" long-term development policy, New Revival Policy, Government Action Program, and regional cooperation programs. Ladies and gentlemen, Today's meeting strengthens the leadership and position of the SCO in the international community, contributing to the implementation of global peace, security, and sustainable development goals, and it is confidently anticipated to enhance trust, mutual respect, and cooperation among countries worldwide. I wish success to His Excellency Mr. Muhammad Shehbaz Sharif, the Prime Minister of the Islamic Republic of Pakistan, who is chairing and successfully organizing this meeting, as well as to China, with its Premier Li Qiang of the State Council, who will chair the next meeting, and Russia, with its Prime Minister Mikhail Mishustin, who will chair the Heads of Government meeting, as well as to the countries that will define the future cooperation strategy. In defining the next strategy of the SCO, I propose focusing more on three aspects. Firstly, it is important to pay more attention in the future strategy to how the fast-developing technology, such as artificial intelligence, will impact the region. Secondly, it is crucial to determine a strategy at the regional level for countries with similar economic structures depending on the mining sector, like Mongolia, to promote a green development model. Thirdly, there is a growing shortage of human resources every day. Birth rates are decreasing in countries, resulting in a shortage of workforce. The education sector is not adapting quickly enough to green economic development. Therefore, it is vital for the SCO to define future human resource trends and determine how artificial intelligence and green development will impact the regional economy. This year's meeting and the determination of the SCO's future strategy, especially with leadership from technologically advanced countries like China, India, and Russia, will be a wise forward-looking choice, providing the opportunity for our region to lead the world in advanced preparation for future development challenges. I express gratitude on behalf of Mongolia to the countries actively participating in today's meeting to expand development and prosperity in the region and for global peace.

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D. Amarbayasgalan: Under Mongolia's 'Third Neighbor' Policy, the Visit Provides Significant Impetus for Strengthening Mongolia-Australia Relations and Cooperation

Published: 2024-10-16 | Translated from: isee.mn

The Speaker of the State Great Khural, D. Amarbayasgalan, held an extended meeting at the Government Palace with Susan Lines, the President of the Australian Senate, who is on an official visit to Mongolia. This visit is notable for being the first of its kind at the level of the President of the Australian Senate. Mongolia and Australia, as countries developing based on democratic values, exchanged views on expanding and strengthening their cooperation. The Speaker of the State Great Khural, D. Amarbayasgalan, expressed confidence that this visit will provide significant impetus for strengthening Mongolia-Australia relations and cooperation within the framework of Mongolia's "Third Neighbor" policy, in addition to enhancing inter-parliamentary cooperation between the two countries. The relationship between citizens of the two countries has expanded intensively in recent years, and during this visit, it has been decided to establish intergovernmental agreements on social protection and air relations. The President of the Australian Senate, S. Lines, emphasized that the relationship being developed with Mongolia is founded on the democratic values of human rights, freedom, the rule of law, and gender equality principles, and is expanding in various socio-economic sectors. She expressed particular importance on educational cooperation between the two countries due to her extensive experience in the education sector. Therefore, she stated that the Australian Parliament will provide full support to continue successfully implementing Australian projects aimed at strengthening the professional, citizen-centered civil service being carried out in Mongolia, and empowering gender and civil society.

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L. Oyun-Erdene: Mongolia is ready to develop mutually beneficial cooperation with SCO member countries

Published: 2024-10-16 | Translated from: montsame.mn

The Prime Minister of Mongolia, L. Oyun-Erdene, today gave a speech at the expanded meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) member and observer countries held in Islamabad, the capital of the Islamic Republic of Pakistan. Here is the full text of his speech. Dear Prime Minister of the Islamic Republic of Pakistan, Mr. Shehbaz Sharif, Esteemed Heads of Delegations, Ladies and Gentlemen, First of all, I would like to express my gratitude to the Secretary General who spoke before me and the staff for leading the ideology of the Shanghai Cooperation Organization (SCO) and providing important leadership over the past three years. I would also like to extend my congratulations and sincere thanks to the Prime Minister of the Islamic Republic of Pakistan, Mr. Muhammad Shehbaz Sharif, and his team for successfully organizing today's expanded meeting of the Council of Heads of Government of the SCO member and observer countries. Since its establishment, the SCO has expanded its scope and enriched its content, with the number of member and dialogue partner countries increasing day by day, strengthening inter-state mutual trust and friendly relations, which is commendable. Mongolia is satisfied that the SCO is developing as a mechanism that plays an important role in strengthening peace, stability, and security in the region, as well as expanding and developing cooperation in political, economic, cultural, and humanitarian fields. Amidst rapidly increasing division and fragmentation in international relations, rising armed conflicts, price increases, food and energy shortages, climate change, and desertification have become pressing global issues. At this time, every country is concerned about strengthening peace, stability, and security to overcome these challenges. Therefore, it is important to consistently adhere to UN principles and the “Shanghai Spirit,” and for countries around the world to make efforts together for international unity, mutual understanding, trust, and respect, which the SCO, as it expands, is contributing effectively to. Esteemed colleagues, Within the framework of Mongolia's "peace-loving, open, independent, multi-pillared" foreign policy, Mongolia will continue to develop its established bilateral and multilateral cooperation with SCO member, observer, and dialogue partner countries in the future. Mongolia is determined to actively cooperate with the SCO and its member countries in economic and infrastructure sectors to develop mutually beneficial cooperation in trade, investment, food, agriculture, mining, energy, industrialization, transport logistics, port infrastructure, environment, green development, green transition, tourism, information technology, artificial intelligence (AI), and the humanitarian sector. Ladies and gentlemen, Mongolia has gone through the difficult period of the global COVID-19 pandemic together with you at the regional level and has experienced economic growth of 5-8% each of the last three years, with GDP per capita increasing by $1000 year-on-year. This indicates the importance of entering into economic integration and regional cooperation with our eternal neighboring countries. Mongolia has amended its Constitution to further strengthen its parliamentary governance, increase the representational capacity of the parliament, and increase the number of its members. For the first time, the new Mongolian parliament includes representatives from five parties, with the percentage of women surpassing 25%, exceeding the regional average, and it comprises representatives from many sectors. Mongolia has made constitutional changes to make its development policy and planning more stable and to involve the participation of multiple parties in decision-making. A coalition government has been established, and 14 mega projects deemed beneficial at the regional level have been announced internationally to be implemented in cooperation with neighboring countries and at the regional cooperation level. Most of these projects focus on cooperation in transport, logistics, energy, mineral resources, and mining sectors. Furthermore, today, for the first time, the governments of Russia, China, and Mongolia held a trilateral meeting using the SCO platform to discuss increasing joint cooperation on these projects. We are satisfied with this exchange of views. In the future, we are ready to support investments in railway, infrastructure, energy, agriculture, and tourism sectors in cooperation with countries for mutual benefit. Mongolia's financial assessment and e-governance index indicators have improved. This is a positive signal about our country to investors, and we are determined to maintain stability and pursue responsible cooperation. Mongolia is ready to actively promote cooperation with all SCO member countries in line with the country's long-term development policy "Vision-2050," the new revival policy, the government action program, regional cooperation, and government action programs. Ladies and gentlemen, Today's meeting will further strengthen the leadership and position of the SCO in the international community, contribute to implementing global peace, security, and sustainable development goals, and enhance trust, mutual respect, and cooperation among the countries of the world. I wish success to the Prime Minister of the Islamic Republic of Pakistan, Mr. Muhammad Shehbaz Sharif, who is successfully chairing this conference, and to the People's Republic of China, and State Council Premier Li Qiang, who will chair next year's meeting, as well as Russia, and Head of Government Mikhail Mishustin, who will also host government leader meetings, as they determine strategies to expand further cooperation. I propose that the next SCO strategy should focus on three points: First, it is important to pay more attention to how artificial intelligence and rapid technological development will impact the region in the era of fast-growing technology. Second, it would be more useful to determine the strategy for how green development models will be implemented in countries with an economic structure dependent on mining, like Mongolia, at the regional level. Third, human resources are diminishing day by day. Birth rates are declining in countries. There is a shortage of labor force. The education sector is developing rapidly but is not aligning with the development of the green economy. Therefore, the SCO should define the future trends of human resources and develop a mechanism on how artificial intelligence and green development will affect the regional economy, which will be necessary for our future development. Those defining the next year's meeting and the future SCO strategy, especially technologically advanced countries such as China, India, and Russia, if they lead in this regard, it will be a wise choice with a long-term vision. Our region is not preventing the development but is able to foresee and embrace development. With this content, this region can demonstrate leadership to the world. I express my gratitude on behalf of Mongolia to all the countries actively participating in today's meeting for the development and prosperity in the region and for global peace.

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Chairman of the State Great Khural Welcomes President of the Australian Senate

Published: 2024-10-16 | Translated from: gogo.mn

Chairman of the State Great Khural (Parliament) of Mongolia, D. Amarbayasgalan, officially welcomed Ms. Susan Lines, President of the Senate of the Parliament of the Commonwealth of Australia, at Sukhbaatar Square in Ulaanbaatar, Mongolia. After paying respects at the statue of the Great Chinggis Khan with the esteemed guest, Speaker Amarbayasgalan and Ms. Susan Lines proceeded to the Pillar Hall of the State Palace, where Ms. Lines signed the guestbook and left her impressions. Subsequently, Speaker Amarbayasgalan and Ms. Susan Lines took a commemorative photograph together. Following the ceremonial events, an expanded meeting between Speaker Amarbayasgalan and Ms. Susan Lines commenced in the State Palace, as reported by the Press Office of the State Great Khural.

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Infrastructure

Japanese Advanced Snow Barriers Will Be Installed in Mongolia

Published: 2024-10-16 | Translated from: gogo.mn

Riken Kogyo Co., Ltd., the leading company in snow barriers in Japan, has signed a memorandum of understanding with Badrah Bulag LLC and other organizations, including the United Association of Mongolia's Roadside Services, Gankhiits JSC, and Sublime LLC, to collaborate on the "Mongolian Eco Construction" project starting from 2023. As part of this initiative, they plan to install Riken Kogyo's patented snow barriers in areas of Mongolia where heavy snowfall often blocks roads, reduces visibility, and leads to accidents. Additionally, the groups aim to plant trees as part of the "Billion Trees" initiative along these routes. Ch. Tsog-Erdene, the director of Badrah Bulag LLC, highlighted the ongoing challenges in Mongolia attributed to heavy snowfall, including road blockages, accidents, and loss of life. He emphasized the importance of installing the snow barriers manufactured by the esteemed Japanese company. The project envisions planting up to 50 million trees alongside the roads, contributing to President's "Billion Trees" project. To protect the planted trees, snow barriers will serve as a protective fence while also preventing snow accumulation. Research related to this project is expected to be completed within the current year, with implementation anticipated to begin next year. In 15 years, when the trees reach maturity, the snow barriers can be removed, allowing the trees themselves to act as snow barriers. The removed barriers will then be reusable in different locations. This project aligns with several of the 17 Sustainable Development Goals and plays a crucial role in the "Billion Trees" national movement. Additionally, sharing experiences with Japan, a technologically advanced nation, presents an invaluable opportunity. Shibao Yukihiro, Vice President of Riken Kogyo Co., Ltd., expressed initial concerns about potential challenges in applying Japanese technology in Mongolia. However, thanks to partner support and extensive research, they aim to proceed with implementation. In Japan, a specialized zinc coating technology is employed to prevent corrosion of iron; this has not yet been introduced in Mongolia. Currently, Mongolia uses paint to protect iron, which begins to corrode after around ten years. To address this, Riken Kogyo plans to import a special paint from Japan that includes steel and resists rust for over ten years. Proper cleaning of the iron is essential, and Gankhiits JSC has introduced this cleaning technology in Mongolia. By merging Japanese and Mongolian technology, they are optimistic about successfully installing the snow barriers to withstand the harsh winter conditions. With a 68-year history, Riken Kogyo Co., Ltd. manages all aspects of wind and snow barrier planning, production, and sales. The broader project aims to foster a low-carbon, inclusive society. Trees will be planted in areas with the installed barriers as part of the "Billion Trees" national movement. After 15 years, when the trees are fully grown, the barriers will be removed, leaving the trees to serve as a natural snow barrier. To deter animals from the trees, specially designed felt will be produced. This initiative will not only help protect the plants but also stimulate the economy and enhance women's employment. Furthermore, to safeguard livestock from road traffic accidents, an animal sensor alarm system will be implemented on the barriers. Other significant projects are also planned as part of this comprehensive effort to promote safety and environmental responsibility.

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M.Chadraabal: The Most Viable Energy Source to Replace Coal is a Nuclear Power Plant

Published: 2024-10-16 | Translated from: gogo.mn

Under the technical cooperation of the International Atomic Energy Agency, a project titled "Exploring the Possibilities of Using Nuclear Energy and Strengthening Nuclear Radiation Safety" is being implemented. A national seminar titled "Issues of Nuclear Energy Infrastructure: National Position and Energy Planning" organized by the Nuclear Energy Commission and the National University of Mongolia took place. More than 80 representatives from 25 government and non-governmental organizations participated in the seminar. During the event, we interviewed M.Chadraabal, Head of the Nuclear Technology Policy Department of the Nuclear Energy Commission. - Has the time come for Mongolia to utilize nuclear energy?
- Before we utilize nuclear energy, we must first study what resources we have and what advantages will arise from using nuclear energy.
Today, our situation is that we are in an energy shortage; investment has essentially stopped, and new sources are lacking. Our energy system needs renewal.
Globally, as part of the effort to reduce greenhouse gas emissions related to climate change, there is a shift towards lower-emission energy sources.
As coal-fired power plants and sources with high greenhouse emissions are halted, the shift is towards renewable energy, hydropower, and nuclear power plants.
In the coming years, Mongolia might replace some energy with coal, but if coal plants, technology, and investment cease in the future, we will face challenges. We supply about 80 percent of our total energy from coal. We need to think about what to do next.
The most viable energy source that can replace coal could be nuclear power plants. This must be proven through research.
Today's event aims to study how countries use nuclear power plants, how they solve issues, develop infrastructure, the amount of financial investment needed, how human resources are formed, how they safely store used fuel from the plants, how many jobs are created, how to develop local areas, how it will support our country's macroeconomy, and advantages compared to other energy sources.
The research will address what to pay attention to, who will conduct the research, and what budget and resources it will require.
- Will using nuclear energy help us fully overcome energy shortages?
- I cannot say it will fully solve our problems.
- What is the government's policy and public attitude towards this issue?
- The government's program for 2024-2028 includes implementing a policy to use nuclear power plants and conducting foundational studies. Major professional organizations from all sectors of our country, large enterprises, particularly energy organizations, need to participate in the study.
Information must be continuously shared with the public, as our citizens have relatively low knowledge and understanding of nuclear energy.
We do not have experience or technology of this type; we only study experience from foreign countries. It is necessary to conduct research on whether it is feasible in our country, where to build a nuclear power plant if needed, what capacity is required, and whether it would be harmful.
- Which countries are most experienced in using nuclear energy?
- More than 30 countries use nuclear power plants. The first country was Russia. Key countries include the USA and China. Technologically, the countries with the best practices are the five nuclear-armed countries, the European Union, and the emerging Southeast Asian countries.
- Will we fully overcome energy shortages by using nuclear energy?
- I cannot say it will fully solve our problems. We should try to supply as much energy as possible domestically, 100 percent on our own. For this, we need to use our internal resources. Mongolia has uranium. Uranium is the key raw material for nuclear power plants. We have this advantage.
- What can you say about storage, protection, and safety?
- We will study international practices on where to store, what efforts to make, what budget is needed, how many people are required, and how to store safely. We will apply the international standards that exist to Mongolia.
Introducing the best international practices in Mongolia should not pose an economic burden. This requires study.
- Approximately how many years will it take?
- Based on international experience, a nuclear power plant project has a lifespan of 100 years. It requires 10-15 years of study before construction. Once built, it can be used for 60-80 years. We will conduct studies over 1-3 years, then present our report, discuss with the public, and conduct public surveys.
On the 6th of this month, a public referendum was held in Kazakhstan. Such activities should be conducted. Based on this, the government will make decisions, and after an official state decision is made, we will prepare human resources and announce an open international tender to prepare technical materials for the second phase.
- What are the advantages and disadvantages of nuclear energy?
- The advantage is that it is a reliable source. It can produce energy 24/7 regardless of weather conditions, and it can produce large amounts of energy and heat from very little fuel. The disadvantage is the issue of how to solve the problem of used fuel and waste.
- Thank you.

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Society

Western Provinces Discuss Possibility of Supplying Meat to Arab Countries

Published: 2024-10-16 | Translated from: montsame.mn

Our country can expand relations in the western region by passing through the Xinjiang Uygur Autonomous Region of neighboring China. In particular, there is full potential to supply meat to Arab countries via the west, join the western railway link connecting China, Mongolia, and Russia, and participate in cross-border e-commerce. This was discussed during a cooperation meeting held between entrepreneurs from the western provinces of Mongolia and traders from China's Xinjiang Uygur Autonomous Region. The meeting was attended by the leadership of the Mongolian Chamber of Commerce and Industry, chairpersons of the branch chambers of Khovd, Uvs, and Bayan-Ulgii provinces, and about 40 business owners from 16 companies in the western region, including "Aldar Tulga," "Uvs Meat Market," and "Samadiin Shugu." Business owners from both sides introduced their activities, studied each other's experiences, and discussed the possibilities of expanding regional trade and engaging in real cooperation with the Chinese side. Over 40 companies from China, in areas such as agriculture, fruit cultivation, transport logistics, and light industry, participated. During the meeting, the Chinese side introduced agricultural technology and tools such as farming pesticides, drones, land-based sprayers, and harvesters. Companies from both sides made agreements in areas such as cultivating animal feed, exporting meat, and trading in tree seeds, seedlings, and fruits. Follow @montsame.mn

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Warning: Children Aged 5 and 3 Perish in House Fire

Published: 2024-10-16 | Translated from: isee.mn

An emergency call was made to the Emergency Department at 1:18 AM reporting a house fire in the Kherlen first Bagh of Khentii aimag's Kherlen sum. Upon arrival, the 32nd Fire Fighting and Rescue Unit of the aimag's Emergency Department found that two gers (traditional Mongolian yurts), one with five walls and the other assembled from two four-wall and five-wall gers, were ablaze. Unfortunately, a 5-year-old boy and a 3-year-old girl perished in the fire. The bodies were handed over to the aimag's Police Department for further proceedings.

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49.2 Thousand Chinese Tourists Visit Mongolia This Year

Published: 2024-10-16 | Translated from: montsame.mn

In Mongolia this year, 49.2 thousand tourists from China have arrived. As of the first 9 months of 2024, 5,418.4 thousand (cumulative count) passengers have crossed the state border, which is an increase of 1,538.7 thousand compared to the same period in 2023. In the first 9 months of this year, 2,720.5 thousand passengers entered the country. Regarding the border entry of passengers: 33.1% entered via Zamyn-Uud, 27.4% via Chinggis Khaan, 9.6% via Altanbulag, 8.9% via Gashuunsukhait, 5.0% via Shiveekhuren, and 16.0% through other checkpoints. Out of the passengers who crossed the state border, 2,021.5 thousand were Mongolian citizens, and 699.0 thousand were foreign nationals. Compared to the same period in 2023, the number of Mongolian citizens increased by 600.4 thousand, and the number of foreign nationals increased by 178.0 thousand. Regarding foreign passengers entering the country: 626.0 thousand stayed up to 30 days, 2.0 thousand over 60 days, 7.8 thousand up to 90 days, and 63.0 thousand for more than 90 days. Among the foreign passengers, 26.9% were citizens of China, 25.4% were from Russia and South Korea, 3.2% from Japan, 3.0% from Kazakhstan, 2.2% from the USA, and 13.9% from other countries. Compared to the same period in 2023, tourists arriving in the country included: 49.2 thousand Chinese tourists, 36.5 thousand South Korean tourists, 5.9 thousand (2.2 times more) Taiwanese tourists, 3.5 thousand Kazakhstani tourists, and 5.1 thousand Japanese tourists. The number of citizens traveling abroad was 2,020.8 thousand, an increase of 583.3 thousand compared to the same period in 2024. By destination country: 502.6 thousand traveled to China, 42.4 thousand to Russia, 6.6 thousand to Japan, and 19.1 thousand to South Korea. Among them, 1,936.7 thousand stayed up to 30 days, 3.4 thousand more than 60 days, 9.9 thousand up to 90 days, and 70.1 thousand over 90 days. A total of 2,766.0 thousand vehicles crossed the border, an increase of 618.0 thousand compared to the same period in 2023. Of these, 45.3% were freight trucks, 21.3% were freight wagons, 19.4% were passenger cars, and 14.0% were other types of vehicles. Regarding modes of transportation: 33.6% crossed via Zamyn-Uud, 22.3% via Gashuunsukhait, 11.6% via Shiveekhuren, 8.4% via Altanbulag, and 24.1% through other checkpoints. Foreign and domestic passengers entering Mongolian territory are included. The passengers entering the Mongolian borders are categorized by purpose: official, private, tourism, transit, study, work, permanent residence, and other. Tourist: A person traveling for purposes other than residing permanently, studying, or working in another location away from their permanent residence for up to 90 days is considered a tourist, according to the National Statistics Committee.

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LAW: Forced termination of employment contract for seniors not wishing to retire is prohibited

Published: 2024-10-16 | Translated from: gogo.mn

There are 344,600 senior citizens in Mongolia, accounting for 10.1% of the total population. Due to demographic changes and the increasing number of seniors, there is an urgent need to make changes to the social protection and healthcare systems, improve long-term care services, and enhance integrated, person-centered assistance services, according to calculations. In response to this need, amendments to the "Law on Senior Citizens" were approved. This law will come into effect on January 1, 2025. The law includes amendments to nine laws, such as: - Amendment to the Law on Social Welfare - Amendment to the Law on Labor - Amendment to the Law on Employment Promotion - Amendment to the Law on Corporate Income Tax - Amendment to the Company Law - Amendment to the Law on Health - Amendment to the Criminal Code - Amendment to the Law on Violations Who is considered a senior citizen? According to the law on senior citizens, male citizens aged 60 and over, and female citizens aged 55 and over in Mongolia are considered senior citizens. Pension eligibility begins at this age. However, military personnel who have not reached this age may also qualify for a pension. As the average lifespan of our population increases, the workforce is aging. Studies predict that by 2040, there will be one senior citizen for every four workers, and by 2080, one senior for every worker. The demand for senior services facilities and new forms of community-based support services will increase. In line with this, notable provisions from the revised law on senior citizens are presented below. 8.5% Pension Insurance Contribution May Not Be Required According to Article 9.9 of this law, if a senior citizen continues to work under an employment contract, job assignment, or a similar agreement, they may not be required to contribute to the pension insurance class as stated in Article 7.6 of the General Law on Social Insurance. In other words, if a senior citizen chooses not to pay social insurance contributions, the employer may not have to pay the 8.5% pension insurance contribution. Unauthorized Use of a Senior Citizen's Pension or Allowance Will Result in Imprisonment Between 2020 and 2022, economic abuse accounted for 36% of abuses reported to the National Center Against Violence concerning senior citizens. Thus, any unauthorized use, pawning, or disposal of a senior's pension, allowance, or property without consent will result in criminal charges. In the Criminal Code: “1.3. Violation of the rights to possess, use, and dispose of pension, allowance, joint, or shared property will result in a penalty of restricted movement for six months to one year, or imprisonment for six months to one year.” In the Law on Violations: “4.5. Violation of the rights to use and dispose of a senior citizen's pension or allowance not warranting criminal responsibility will result in mandatory education and detention from seven to thirty days.” Prohibition of Forcing Seniors to Retire Article 9.10 prohibits businesses and organizations from forcing seniors under the age of 65 to retire without a personal request, according to Article 5.1 of the Pension Law. This also includes prohibiting the termination of employment contracts on this basis. Despite the demand for specialized care facilities for senior citizens in our country, the number of such facilities is limited. Less than 300 senior citizens receive specialized care nationwide, with only four private care facilities available. The state's support is minimal. This situation complicates operations, as private care facilities receive very little government funding, limiting comprehensive services for seniors, which are addressed in this law. Alternative Care Services for Seniors Will Be Available: - Day care - Short and temporary accommodation and care - Long-term accommodation and care - Permanent specialized care - Accommodation and care - Day treatment and nursing service - Rehabilitation services for senior citizens - Health support services for seniors - Training for caregivers of seniors requiring constant care - ADB pilot project Annual Financial Assistance for Honorary Donor Seniors to Purchase Fuel 8.1.1. Discounts on the cost of prosthetics for limbs, dentures, orthopedic aids for hearing and vision, wheelchairs, and necessary special equipment will be provided from the social welfare fund once every three years. 8.1.3. Financial assistance will be provided annually for purchasing fuel for seniors of households specified in Article 22.1.1 of the Law on Social Welfare and honorary donor seniors living in non-central-heated residences or apartments. 10.1.2. Seniors requiring mandatory treatment and care, based on a medical institution's conclusion, will be sent to accredited domestic spa establishments once a year, covering 50% for transportation fees and permits, and 100% for honorary donor seniors. Seniors Can Use Public Transportation for Free Without District Restrictions Seniors can use public transportation in provincial and city centers (excluding taxis) free of charge without district restrictions (using a dedicated card in the capital), and public transport organizations should ensure they have conditions for safe and free travel. “8.1.6. The cost of senior travel as indicated in Article 8.1.5 will be financed by the provincial and city budgets providing public transportation services.”

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Environment

Mongolia and the European Union Confirm Financing for Two New Projects in the Forest Partnership Framework

Published: 2024-10-16 | Translated from: isee.mn

A working group meeting providing policy support was held under the Forest Partnership framework between Mongolia and the European Union. The meeting was led by the Minister of Environment and Climate Change, S. Odontuya, and the EU Ambassador to Mongolia, Ina Marciulionyte. During this meeting, both parties discussed and confirmed proposals, financing for two new projects, and future collaboration. The Forest Partnership between Mongolia and the European Union began in 2022 with the signing of a memorandum of cooperation by Mongolian President Ukhnaa Khurelsukh and European Commission President Ursula von der Leyen. The partnership has since strengthened with the adoption of an implementation roadmap in 2023. The partnership focuses on reducing the negative impacts of climate change, addressing challenges in the forestry sector, and meeting national development needs by pledging commitments to protect the environment and restore forests. Currently, the first phase of the "Ensuring Sustainable Agricultural Management and Ecosystem Stability in Mongolia" project has been successfully completed, and the second phase is underway. This project will be supported by the European Union, the Government of the Federal Republic of Germany, and the Ministry of Environment and Climate Change, and will be implemented by the German Society for International Cooperation and the United Nations Food and Agriculture Organization (FAO) until 2028. The project "Strengthening Forest Governance and Value Chains" will be implemented through the FAO. During the meeting, the content of potential projects eligible for financing by the European Investment Bank was also discussed and decided upon.

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43% of the country's land area is overgrazed during the winter and spring

Published: 2024-10-16 | Translated from: gogo.mn

The Institute of Meteorology, Hydrology, and Environment Research has calculated the winter and spring carrying capacity of pastures for the 2024-2025 season based on pasture yield, livestock numbers, pasture area, and grazing duration. More than 70% of the country's land had good grazing conditions, over 20% were average, and the areas of a few districts were rated poor, according to weather.gov.mn. From the assessment of pasture carrying capacity, the data suggest that: - 47% of areas have pasture reserves - 20% have adequate pastures - 21% are overgrazed by 1-3 times the capacity - 4% are overgrazed by 3-5 times the capacity - 8% exceed the capacity by many times. In other words, around 70% of the winter-spring pasture carrying capacity is adequate, while over 30% is exceeded. Looking district-wise, certain districts in the provinces of Bayan-Ölgii, Uvs, Khovd, Govi-Altai, Bayankhongor, Khövsgöl, Arkhangai, and Övörkhangai experience overgrazing. The districts where the carrying capacity is greatly exceeded include Bayan-Ölgii's Sagsai, Uvs' Zavkhan, Khovd's Möst, Myangad, and Buyant, Govi-Altai's Altai, Bayankhongor's Galuut, Bayangovi, and Bayanglig, Khövsgöl's Tömörbulag, Tsagaan-Uul, Övörkhangai's Nariinteel, Uyanga, and Guchin-Uus. Furthermore, certain areas in Bayan-Ölgii's Nogoonuur, Tsengel, Bayannuur, Altai, Uvs' Zuunkhangai, Turgon, Khovd's Chandmani, Mankhan, Dörgön, Govi-Altai's Taishir, Tögrög, Tsel, Khaliun, Yesönbulag, Delgêr, Biger, Zavkhan's Bayantes, Bayankhongor's Baatsagaan and Bömbögör, Arkhangai's Tsetserleg, Ikhtamir, and Tsenkher, Bulgan, Khövsgöl's Bürenkootokh, Galt, and Tôsontsengel are overgrazed 3-5 times. Additionally, 21% of areas are overgrazed 1-3 times. The carrying capacity indicates the number of livestock that can graze in a region without exceeding pasture reserves. This year, areas with relatively good summer grazing showed adequate and surplus pastures. During the cold season, heavy snow, surface compaction, and conditions leading to white or ice blizzards cause pasture shortages. Therefore, areas with exceeded winter-spring pasture carrying capacity need to implement measures such as stockpiling hay, supplemental feed, moving livestock, selling animals, and reducing numbers to prepare for winter and spring, as warned by the Hydrology, Meteorology, and Environment Research Institute.

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Innovation

Digital Signatures are Essential for Ensuring the Security of Digital Transactions, Commerce, and Services

Published: 2024-10-16 | Translated from: unuudur.mn

An open forum and discussion called “Solution Meetings, Digital Signatures” was organized by the ministry, bringing together more than 100 representatives from both the public and private sectors. The discussion addressed issues such as the current state of implementation of the law on digital signatures, the use of digital signatures provided to citizens, pressing challenges, future trends, and the integration of digital signatures into government service electronic systems. According to the Civil Registration and Information Center, since 2015, 1,127,388 citizens have been issued digital signatures. It seems that citizens are gradually getting used to using digital and electronic signatures. During the discussion, it was mentioned that both the public and private sectors are extensively using digital signatures in their work and services. Specifically, digital signatures have been fully implemented in government services such as egazar.mn, tender.gov.mn, ndaatgal.mn, immigration.gov.mn, and docx.gov.mn. This enables citizens and businesses to access the services of these organizations digitally, using digital signatures without queues or hassle. Globally, the digital signature market is growing rapidly due to technological advancements, consumer demand, and the digitalization of public and private sector services. This market is notable for offering products and services on a wide scale, independent of space, nationality, or ethnicity, presenting favorable opportunities for investors and companies. During the discussion, the ministry introduced the "Global Digital Signature Market Forecast 2024-2032" research report. The report predicts that in the next five years, the global digital signature market will grow rapidly. Last year, the sector's market reached 6.13 billion USD. This figure is expected to rise to 8.67 billion USD by the end of this year. Furthermore, the report estimates the market will grow by 39.3% by 2034. Worldwide, digital signature services are gaining strength in government, banking, insurance, defense, healthcare, oil and gas, transportation logistics, research, education, human resources, telecommunications, information technology, and real estate sectors. Within this, countries in North America, Europe, Asia, and the Pacific regions are commonly using them. In our country, the demand for digital documents is also increasing, and with the growing usage of government service regulation, mobile phones, and internet devices, there is a need to expand the use of secure, legally valid digital signatures. Participants in the discussion highlighted that this is crucial for ensuring the safety of government transactions, electronic commerce, online banking, and other remote business operations.

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Health

Published: 2024-10-16 | Translated from: montsame.mn

An expanded meeting of the working group tasked with reviewing the implementation of the Health Insurance Law, providing recommendations for optimizing the health insurance system, and drafting the necessary laws if needed was held today at the State Palace. Director of the National Third Central Hospital Ts. Tömör-Ochir stated, "As the population increases, so does the incidence of diseases among citizens. At the same time, preventive screening and diagnostics organized over the past three years have increased the number of diagnosed cases. This trend is common in all countries around the world. Sequential therapeutic interventions after early detection will reduce the number of cases. Recently, financing has been based on insurance performance; the amount of funding received depends on the number of services provided. However, the Health Insurance Fund's budget is insufficient for the year. Specialized hospitals have introduced many new treatments and services, reducing the number of citizens seeking treatment abroad. As we try to internalize these numerous treatments, the budget is not fully sufficient, which creates problems. Therefore, it is necessary to align the budget with the structure and frequency of diseases, and the statistical data of medical services," he explained. He also noted that when citizens schedule appointments at the next hospital, bottlenecks occur due to irresponsible behavior by hospital staff. Furthermore, these bottlenecks are also attributed to software upgrades. MP U. Otgonbayar, head of the working group, said: "This working group established by the decree of the Speaker of Parliament is meeting for the second time. This meeting is being held to diagnose where the health insurance system is flawed, whether there are issues within the Health Fund, or if there are failures in premium collection. The healthcare sector does not serve only a specific group of people. As every citizen of Mongolia receives services from this sector, we will focus on working in this area. Particularly, as the budget for the coming year is being discussed, we will work to represent this voice." During this time, the State Secretary of the Ministry of Health D. Ochirbat provided an explanation regarding the issue that all medicines are now dispensed by prescription. He noted that the legal provision applies to medicines that require prescriptions. In this expanded meeting, members of the working group, executives from the Ministry of Health, directors of integrated hospitals from Ulaanbaatar and 21 aimags, heads of health centers, and hospital administrators participated and shared their views on the current situation and issues that need attention going forward.

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