Sep 27, 2024 89 min read Daily News Summaries

Mongolia News Summary for September 27, 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

Renaming of the Agency for Fair Competition and Consumer Affairs to 'Anti-Monopoly Agency'

Published: 2024-09-26 | Translated from: isee.mn

In connection with the amendment to the Competition Law, the name of the Agency for Fair Competition and Consumer Affairs has been changed to 'Anti-Monopoly Agency' in accordance with the 13th resolution of the State Great Khural of Mongolia. The Prime Minister of Mongolia, L. Oyun-Erdene, presented and got approval for the structure and composition of the joint government from the State Great Khural. In doing so, a proposal was submitted to change the Agency for Fair Competition and Consumer Affairs, under the jurisdiction of the Deputy Prime Minister of Mongolia, T. Dorjkhand, to the Anti-Monopoly Agency as a government-implementing agency, which was supported and approved by the State Great Khural.

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2024 City Council Elections: Experts Will Change! Professionals from the HUN Party are Participating with this Motto

Published: 2024-09-26 | Translated from: ikon.mn

Throughout the years, mayors of the city have failed to address fundamental developmental issues, opting instead to put out fires. This has led to the current state of Ulaanbaatar, a point emphasized by the head of the HUN Party in the capital, E. Zolzaya, during the opening of their campaign. The HUN Party believes that cities are developed and changed by specialists, which is why they have gathered a team of capable mid-career professionals who are passionate about their city. This team, along with a strong and visionary urban development program, has been presented to the voters for the City Council elections. The HUN Party plans to elevate the city's development to the next level by implementing policies and measures that will transform the city's environment and spaces in a fast and tangible manner, taking inspiration from internationally recognized livable cities. They aim to make the city organized, well-planned, and aesthetically pleasing. They also emphasized their commitment to use the city's budgetary investments to improve urban spaces that citizens use daily, signifying a shift towards environment-centric development. If all the HUN Party's experts nominated for this City Council election are elected, we may have our first professional female governor, which is undeniably a significant advantage and distinction of the HUN Party's campaign. Notice to Media Outlets: Television, radio, social media, and web pages must cite the source (ikon.mn) when fully or partially using our information in any form.

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Stop "Producing" Regulations to Amend the Law

Published: 2024-09-26 | Translated from: unuudur.mn

How laws and regulations interact is not an issue unique to Mongolia. The whole world is facing it. This topic has caused significant problems in political history. In Germany, for example, they sorted out their regulations within two years. In Britain, it is considered that they should not conflict with the Constitution. The United States has taken a very strict approach, leading to political conflicts. Specifically, the executive power belongs to the President, while the legislative power is held by the House of Representatives. This conflict is considered to have aggravated the political crisis in the United States. In other words, it was feared that the executive power could no longer be controlled, and the rule of law was at risk of becoming non-standard. In our country, theoretically, regulations are defined as acts of administrative norm setting by the Government, which are followed by everyone. Who establishes the law? The elected body that has received full powers from the people establishes the law. This is parliamentary rule. Executive power refers to the Government, which is not directly mandated or elected by the people but originates from the Parliament and implements the law. It includes ministers, ministries, agencies, organizations with agency structures, and governors. Currently, there is a focus on creating regulations under the pretext “not all matters can be legislated; life is rich.” However, what major conflicts lie behind this? IS IT ACCEPTABLE TO TRANSFER LEGISLATIVE AUTHORITY TO THE GOVERNMENT? This is not completely forbidden. In other words, saying that every relationship must be regulated by law is a bit unrealistic and speculative. Historically, in alignment with the democratic system and the 1992 Constitution, Mongolia had about 400 laws from 2000-2010. The process of amending the laws to suit the legal system to the market economy continued vigorously. In this process, the parliament transferred its legislative power to the Government, turning it into regulation. Instead of passing laws, it introduced terms whereby sector ministers and agency heads would regulate that relationship, thus transferring legislative authority to the executive branch under the guise of regulation. However, since 2020, some powers have begun to be transferred to local governments. By specifying in the law that “this regulation shall be approved by the municipal council” or “the regulation shall be approved by the governor,” powers are being transferred. According to research, this regulation is relatively rarely used. It is legislated to regulate issues like waste disposal, neutering cats and dogs, and imposing livestock taxes by the district council. How can imposing livestock taxes be decided by regulation, particularly by the district council? This represents a significant transfer of authority. THE MINISTRY OF CONSTRUCTION AND URBAN DEVELOPMENT HAS APPROVED THE MOST REGULATIONS There are 433 regulations at the ministerial level not registered at the unified state registration or the Ministry of Justice and Home Affairs. These regulations are legally invalid but are enforced. There are 95 at agencies, 66 at non-ministerial, independent agencies and the Financial Regulatory Commission, 10 at the Election Commission, 36 at the Bank of Mongolia, and 10 at the National Statistical Office, with over 100 unregistered regulations being enforced. With these regulations, they exercise major powers like price setting, which should raise questions. An attention-grabbing example is that the Financial Regulatory Commission and the Bank of Mongolia regulate the nation’s monetary and financial issues with over 100 regulations. Why can't regulations related to printing money abroad, securities registration, and trading be fully integrated and implemented within the law? What lies behind years of regulation with lingering doubts about violations of law and human rights that inevitably attract attention? Among ministries, the Ministry of Construction and Urban Development has the most regulations, with 146, the Ministry of Finance with 88, and the Ministry of Justice and Home Affairs with 91, which they have promulgated and are enforcing. This data is from a survey conducted last November. During the survey, the information shared with the public was that 2357 regulations were in effect. SUSPICIONS OF CORRUPTION For example, the regulations imposed by the Ministry of Justice and Home Affairs relating to the Immigration Agency govern how foreign nationals are registered upon staying in our country or expelled if their visa expires, infringing on fundamental rights, regardless of law, thereby surpassing it. Former Minister of Justice and Home Affairs B. Enkhbayar, related to the above issue and more than 20 other regulations imposed by his ministry, organized more than half of them, integrated them into relevant laws, and invalidated those regulations by submitting a bill to the State Great Khural, but it was returned due to the formation of a new parliament. A relatable example to the public would be the regulation on deducting points from driver violations. The regulation, which was in effect for nine years since 2015 and specified deducting points from drivers and suspending licenses with zero points, imposed a double penalty for a single offense, restricted human rights and freedoms under the Constitution and other laws, and is a clear example of violated legal principles. How much fine revenue was raised during the period this regulation was in force? Who oversees the power of the traffic police deciding whether to deduct points, and whether the driver with points deducted takes driving lessons again to renew his license, while also being able to pay 100 thousand MNT without attending training to get the license—who benefits from this—spawns many suspicions. Furthermore, it is regulated when taxpayers or state-owned company administrators are rewarded for exceeding plan fulfillment, constructing standards allowing underachieving only to reward themselves, so they keep achieving benefits. The reckless expansion of regulations like this represents a significant conflict, where subjects with no legislative authority impinge upon legally granted powers and translate them into regulations. It is crucial that the initial parliament of 126 members meticulously organize this disorder. The reasons to rush in regulating regulations are shown in the following statistics. Why have we ended up with over 880 laws and 2357 regulations? As MP B. Enkhbayar said, how did the Ministry of Finance with 88, the Financial Regulatory Commission with 66, and the Bank of Mongolia with 36 regulations come to regulate the nation’s financial and economic matters at a government level? How do these impact increasing corruption, discretionary behavior, and violations of human rights? Understanding that they are transferring the people's representatives’ authority to an unacceptable executive authority official is key, aligning with the social and legal demand to halt "producing" law-corrupting regulations.

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News Guide: The Local Elections Begin

Published: 2024-09-26 | Translated from: news.mn

"News" agency presents a summary of today's events. Local election candidates will officially receive their candidate certificates, marking the official start of the election campaign. 11:40 AM: - The Bogd Khan Palace Museum's "Autumn at the Palace" exhibition is an event traditionally organized as open days. The exhibition will take place in the exhibition hall of the Bogd Khan Palace Museum. As part of this event, the "Royal Curiosities" exhibition is being showcased. This exhibition features unique and rare items from the royal collection such as "Sword Bound by Thought," petrified human and cattle skulls, a rooster egg, galbarvaas tree relics, an animal collection, and precious artifacts used by the VIII Bogd Jebtsundamba Khutuktu and Queen Dondogdulam, including the king's crowned hat, robe, golden shoes, the queen's mink garment, and a tiger skin rug. 2:00 PM: - A press conference for "WORLD CIRCUS IN MONGOLIA-2024" will be held.

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Local Election Campaign Starts Today

Published: 2024-09-26 | Translated from: isee.mn

The regular election for the Citizens' Representative Councils of provinces, the capital, soums, and districts will take place on October 11, 2024. Voter ballots will be accepted on Friday, October 11, 2024, from 07:00 to 20:00 Ulaanbaatar time. Today, candidates will officially be named, receive their credentials, and be publicly announced. Also, from this day onward, campaigning will begin. The local election campaign will last for 14 days and will be stopped one day before the election by law. Therefore, the election campaign will officially stop at 23:59 on October 9. There are regulations for conducting election campaigns using online platforms and monitoring them. Click here to learn about the rules for broadcasting election campaigns on radio and television.

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Audit Report on Mongolia's 2025 Budget Submitted

Published: 2024-09-26 | Translated from: news.mn

The State Audit Office conducted an audit of Mongolia's 2025 budget proposal and related budget projects, and submitted their findings to the Parliament and the government. The government had submitted Mongolia's 2025 budget proposal and related legislative projects to the Parliament. According to the law, the National Audit Office is required to provide conclusions on the following year's unified budget and related projects by September 25 each year. In its review of the 2025 budget, the National Audit Office emphasized several points that need attention: - The expenses of 2,035.0 billion MNT, planned to be funded by securities and foreign loans and grants for investments under the budget managers specified in Article 6.1 of the 2025 budget bill, should be planned separately according to economic classification. - The repayment of net loans of 332.0 billion MNT, granted with repayment conditions, should also be planned separately in the economic classification of the budget bill. - The income from voluntary insured contributions to the Social Insurance Fund, which is projected to be increased by 16.5 billion MNT to 295.8 billion MNT, and other income reduced by 16.5 billion MNT to 53.2 billion MNT should be cross-corrected between groups. - The total revenue and aid of the consolidated budget, amounting to 36,830.5 billion MNT, shall be increased by 55.0 billion MNT from the interest income of funds accumulated in the National Wealth Fund to make it 36,885.5 billion MNT. It is necessary to ensure coordination in planning by introducing amendments to the relevant law. The 2025 budget proposal aligns with long-term development and national security policies. However, there is no approved annual development plan of the country to evaluate its alignment. The budget project introduction information needs to be submitted completely and in accordance with the sequence specified in Article 32.2 of the Budget Law. For instance, while a risk assessment that may affect budget execution is required, a general overview of risks is provided instead. Each budget manager needs to provide explanations and introductions related to their programs, measures, required inputs, expected outcomes, performance indicators, the list of programs and measures to be reduced or stopped, their budget impact, and related explanations. Risk of Failing to Export 83.3 Million Tons of Coal The projected revenue from the mining sector for the 2025 budget is at risk of being disrupted due to external factors, such as China's economic situation, decreased demand in real estate and coking coal, and declining market prices for major mining products. There are limited opportunities to compensate for budget shortfalls from other sectors. International experts predict that in 2025, the average price of copper will increase by $500 per ton, while gold will increase by $350 per ounce, but iron ore will decrease by $20 per ton, coal by $35 per ton, and oil by $5 per barrel compared to the previous year. The 2025 budget proposal plans for iron ore exports at a volume of 9.0 million tons and a sales price of $65 per ton. However, the expected performance for 2024 is 8.4 million tons, with actual performance of 4.8 million tons exported by August. Furthermore, 83.3 million tons of coal is planned for export in 2025, with "Erdenes Tavan Tolgoi" LLC accounting for 37.9 million tons or 45.5% of this. As of August 2024, 55.4 million tons of coal have been exported, with this company alone exporting 21.6 million tons, indicating potential challenges in reaching next year's target level. Need to Accelerate Railway Construction The Mongolian government is planning to increase export volumes by expanding export markets, improving infrastructure at border points, and facilitating cargo throughput processes. In a performance audit of funds spent on the "Tavan Tolgoi-Gashuunsukhait and Tavan Tolgoi-Zuunbayan" railway construction conducted by the National Audit Office in 2023, it was found that the "Tavan Tolgoi-Zuunbayan" railway lacks sufficient capacity to carry and transmit cargo due to insufficient rolling stock, utilizing only 18.6% of its designed capacity. The "Tavan Tolgoi-Gashuunsukhait" railway is not in operation due to a lack of preliminary agreement on the connection point at the border for railway transportation. As per the 2024 Resolution 21 of the Parliament, the Mongolian government's 2024-2028 action program includes implementing 14 mega projects. The first of these is constructing cross-border connection railways and cargo transshipment terminals at Gashuunsukhait-Gantsmod, Hangi-Mandal, and Shiveehuren-Sekhee border points by 2025. Upon implementation, total export capacity is expected to increase by 40 million tons, with Gashuunsukhait-Gantsmod handling 20 million tons, Hangi-Mandal 10 million tons, and Shiveehuren Sekhee 10 million tons. As a result, export revenue is projected to double, coal export capacity by rail to triple, and the throughput capacity for passengers and cargo to double, facilitating fast border crossings for transport vehicles and providing comfortable services to passengers. Therefore, it is necessary to expedite railway construction without delay, ensuring monitoring and implementation to boost coal sales. Decision to Recover Taxes from "Oyu Tolgoi" Not Implemented The government is focused on fully utilizing the benefits generated from mining sector products, such as recovering taxes from "Erdenet Factory" for 33.1 billion and "Oyu Tolgoi" for 62.5 billion. It is necessary to focus on fully concentrating income from the Additional Minerals Tax (AMT) related to accompanying valuable minerals. For instance, tax assessments and payments related to "Erdenet Factory" for the years 2016-2018 totaling 33.1 billion MNT and "Oyu Tolgoi" LLC for the years 2013-2020 totaling 62.5 billion MNT linked to accompanying elements have not been implemented and are still pending in legal dispute resolution stages. The implementation of the Mining Products Exchange Law has improved the transparency and openness of mineral exports, enhanced public monitoring, and generated positive effects in reducing the underground economy, positively impacting tax revenue collection. In the 2025 budget proposal, non-tax revenue is planned at 1,924.8 billion MNT, 0.4% less than the amount approved by the 2024 budget amendment. By comparing non-tax revenue with the previous year's performance, certain revenues may fall short. This includes the impact of global issues such as the COVID-16 pandemic and complications from the Russia-Ukraine war, which have affected international flight numbers and navigation revenue from 2019 to 2022. As of July 2024, a total of 36,740 overflights have occurred, a 74% increase compared to the same period in 2023. However, increased costs have reduced the revenue directed to the budget. The audit report on the unified budget proposal of Mongolia for 2025 can be accessed through the following link: https://open.audit.mn/reportSingle/12176.

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Economy

Bank of Mongolia: Rise in Imports is Concerning

Published: 2024-09-26 | Translated from: gogo.mn

The autumn session of the State Great Khural will begin next month. During this session, the main directions for the state budget proposal for the coming year and the monetary policy will be discussed as a priority. The Bank of Mongolia presented and discussed the policy it will implement next year to economists. During this time, the bank's executives said, "The rise in imports is concerning us. Imports have been increasing since the pandemic. Looking at what goods we are purchasing from abroad, vehicles and equipment make up the majority. Companies will use heavy machinery for at least three years. Since these are used in operations like extraction and transportation, they have a positive impact on the economy. However, the import of passenger vehicles is also rapidly increasing. This year, 85,000 vehicles have been purchased. By the end of the year, this will reach 100,000. Individuals, rather than companies, are purchasing passenger vehicles." The share of electric vehicles manufactured in China in the imported cars is growing. A total of 75,000 vehicles have been imported from this country.

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Chinese Companies Handle 60% of Coal Transport

Published: 2024-09-26 | Translated from: gogo.mn

Coal is our country's main export product. The price of a ton of coal and how many trucks cross the southern border daily are considered important indicators, as revenue from coal trade holds a significant weight in the state's budget. Currently, 60% of coal transport services are performed by the buyer, meaning Chinese companies, while only 40% are handled by domestic companies. Recently, the Stock Exchange signed a memorandum of understanding with China's "Jiayou International Logistics" company. This company will provide customs bonded warehouse services, pre-reserved coal loading and unloading sites, coal unloading container monitoring areas, container rentals, and customs declarations at discounted prices and conditions to entities that purchase products through stock exchange mining trades. It aims to provide comprehensive cross-border logistics services initially, ensuring products are delivered to China on schedule without hindrance, and offering fee-free services for the utilization of China's customs declaration and control systems. Moreover, China's Shenhua Group has proposed to "ETT" JSC to mine coal and transport it themselves, and they wish to include these terms in an agreement that links the railways and border connection of the Gashuunsukhait-Gantsmod port. Therefore, the above-mentioned 60% figure may potentially increase. The income from the transport sector has risen alongside mining exports, making these two sectors crucial contributors to economic growth. However, in 2023, our transport sector operated at a loss of 757 million US dollars. Even though the trade balance is said to be in surplus, this only represents the commodity trade balance. Meanwhile, we continue to face deficits in the service sector. For instance, the figures for tourism, education, health, and transportation are negative, indicating that we are paying foreign countries and companies to receive services in these sectors.

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Credit Rating Opens New Opportunities for Government and Private Sector

Published: 2024-09-26 | Translated from: itoim.mn

The upgrade of Mongolia's credit rating by the "Fitch" agency was significant news for the economic and investment environment. This event, which hasn't occurred in the last 10 years, notably adds value. After such a long period, Mongolia has improved its credit rating and solidified its reputation internationally. The "B+/Stable" level is considered a high rating, for which developing countries strive. They intensely compete to bring new sources of development financing and investment to their nations at lower costs. An improvement in rating implies that the cost of investment will decrease. Mongolia now has something to say to investors. Having achieved a credit rating that catches their attention, it can confidently negotiate at the table. Investors, investment funds, and financial stakeholders primarily look at the credit rating. They assess and monitor partners, clients, and investors based on it. While there are many benchmarks in the financial sea, the most reliable anchor point is the credit rating. To recall, since 2013, the credit rating of our country had been steadily declining, reaching its lowest point in 2016. At that time, our country entered the IMF program, which gradually helped the credit rating recover, reaching the "B" category in 2018. From this level, it has now advanced to "B+/Stable," bringing hope to both the public and private sectors. High credit ratings attract many investment opportunities. The higher the rating, the wider the scope for interaction and collaboration. It can be simply described as a measure of a "partner's quality." In short, the credit rating can be seen as an expression of credit repayment ability, financial discipline, reliability, governance, and adherence to principles. Countries and companies with good ratings attract more successful investments, and the investments they receive have lower costs and interest rates. Conversely, if the rating is poor, professional funds either disregard investing in that country or private sector or do so at a very high cost. Credit rating is a measure of confidence. Three major international agencies dominate and are recognized in the global financial and investment environment. One of these is the "Fitch" agency. Their evaluations are watched by major global players and investors with whom we interact and negotiate. Especially for developing countries, the credit rating evaluation is considered highly important. In this context, Mongolia's ability to improve its credit rating means opening up more opportunities. Finance Minister B. Javkhlan introduced members of the cabinet to "Fitch" agency's upgrade of Mongolia's credit rating to "B+/Stable" during a government meeting. Following this, the Prime Minister has tasked the Finance Minister with developing a medium-term plan for further improving Mongolia's credit rating and setting up a related task force. It is difficult to improve a credit rating, but easy to lose it. In recent years, due to numerous difficulties arising from the global COVID-19 pandemic and geopolitical conditions, the credit ratings of over 70 countries worldwide decreased in a short period. Subsequently, the credit ratings of over 50 countries have improved, and Mongolia is one of these countries, having maintained a stable "B" rating and now improved to "B+/Stable" for the first time in a decade, a major achievement. International agencies closely scrutinize the results of the government's work and the Finance Ministry when upgrading credit ratings. It can also be said to reflect the performance of Finance Minister B. Javkhlan, as thanks to the government's implementation of financial, fiscal, and debt management, Mongolia has improved its credit rating after a long period, earning points from investors and opening new opportunities for the private sector. As the nation's credit rating improves, the credit ratings of commercial banks are also continuously improving. The credit ratings of Khaan Bank and XacBank are advancing, and the conditions for improving the credit rating of the "Energy Resources" company ("Mongolian Mining Corporation") operating in the mining sector have also been met. The ratings of government bonds listed internationally and domestic bonds have improved significantly, and Mongolia has returned to its highest evaluation from the "Fitch" agency. Mongolia has enhanced its rating by a full notch and increased and strengthened its reputation among the global finance and capital markets and investors. A high national rating leads to expansion and development of the private sector. A well-rated country attracts significant investments, improving the economy and creating conditions for lower interest rates. Additionally, it builds economic resilience, stabilizes market fluctuations, reduces risks, and makes economic growth more inclusive. As the credit rating improves, the region becomes more attractive to investors, and business opportunities expand.

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Credit Rating Opens New Opportunities for Public and Private Sectors

Published: 2024-09-26 | Translated from: itoim.mn

The upgrade of our country's credit rating by the Fitch agency has been a significant positive development in the economic and investment environment. Such an event, which hasn't occurred in the last 10 years, greatly enhances the value by that measure. After such a long period, Mongolia has improved its credit rating and solidified its reputation internationally. The "B+/Stable" level is a high rating. Developing countries compete for this, striving to bring in new sources of development financing and investment to their country at low costs. An upgraded and improved rating means reduced investment costs. Mongolia now has something to say to investors. The country has achieved a credit rating level that attracts attention, giving it the right to sit confidently at the negotiation table. Investors, investment funds, and money holders mainly look at the credit rating. They use it to assess, seek partners, clients, and investors. In the financial world, there are many measures, and the most trustworthy point of support is the credit rating. To recall, from 2013, our country's credit rating consistently declined, reaching its lowest level in 2016. At that time, our country entered an IMF program, which gradually improved the credit rating, reaching a "B" category in 2018. From this level, today we have reached "B+/Stable," lighting a beacon for both the state and private sector. A credit rating attracts many investment opportunities. The higher the rating level, the broader the scope for interaction and cooperation. It can simply be put as an indicator of "the quality of a partner." In short, a credit rating reflects debt repayment capability, financial discipline, reliability, governance, and the principle of keeping promises. Countries and companies with good ratings attract investment more successfully, and the investments they attract incur lower costs and have lower interest rates. However, if the rating is poor, professional funds will either not invest in that country or the private sector or will demand very high prices for investment. A credit rating is a measure of trust. In the global financial and investment environment, there are three major agencies that have established and recognized their influence on credit ratings. One of them is the Fitch agency. Their evaluation is observed by the world, our interaction partners, investors, and major financial players. Especially for developing countries, credit ratings are considered very important. In this sense, the fact that Mongolia has managed to improve its credit rating is an opening for more opportunities. The Fitch agency upgraded Mongolia's credit rating to "B+/Stable," and the Finance Minister B. Javkhlan introduced this development to the government cabinet meeting yesterday, along with associated plans for medium-term strategies to further improve Mongolia's credit rating and establish a related task force, which the Prime Minister instructed the Finance Minister to undertake. It is challenging to increase a credit rating, but losing it can happen easily. Over the past years, due to the global COVID-19 pandemic and the geopolitical situation, more than 70 countries' credit ratings decreased in a short period, and the ratings of more than 50 countries have now improved. Mongolia is one of these 50 countries, having maintained a "B" rating without downgrading, and for the first time in 10 years, improved its credit rating to reach a "B+/Stable" level, a significant event. International agencies closely observe the results of the government's and the Finance Ministry's efforts in credit rating improvements. This can also be seen as a performance indicator for Finance Minister B. Javkhlan. As a result of the government's financial, budget, and debt management execution, Mongolia has not only improved its credit rating after a long time but also opened up new opportunities for its private sector. As the country's credit rating improves, the credit ratings of commercial banks are also improving one after another. The credit ratings of Khan Bank and XacBank are advancing, and the credit rating of "Energy Resources" (Mongolian Mining Corporation) operating in the mining sector has also met the conditions for improvement. The evaluation of internationally listed sovereign bonds and domestic bonds has significantly improved, and Mongolia has returned to the highest rating Fitch agency has given us in the past. Mongolia climbed a full rating tier, enhancing and solidifying its reputation among the international finance and capital markets and investors. A high national credit rating drives the private sector towards expansion and development. Countries with good ratings attract more investment, improve their economy, and lower interest rates. This also strengthens economic resilience, stabilizes market fluctuations, reduces risks, and makes economic growth more inclusive. As the credit rating rises, the region becomes more attractive to investors and business opportunities expand.

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B.Lkhagvasuren: If the price of electricity for consumers increases by 30% and heating by 50%, inflation is expected to rise by 0.7-1%

Published: 2024-09-26 | Translated from: ikon.mn

Today, the Bank of Mongolia introduced its main directions for monetary policy that it will adhere to in 2025. In this regard, the bank's president, B. Lkhagvasuren, stated that "According to the Constitution, the main directions of state monetary policy are approved annually by the State Great Khural (Parliament). The Bank of Mongolia prepares its project, introduces it to the public, and listens to the opinions of economists, researchers, and representatives of banks." Due to the COVID-19 pandemic and geopolitical conditions, the economy of Mongolia has begun to recover. As it is on the path of recovery, we have prepared our project to maintain sustainable monetary policy in the medium and long term. In the medium term, we aim to shift the target inflation level from 6±2 to 5. With the recovering economy, the policy will focus on how to increase financial products and services, especially in small and medium-sized enterprises, supply and value chains, and developing industry in clusters. Moreover, there are several laws in the banking and financial sector that require amendments. For instance, the National Payment System law has been in place for 5-6 years, and the Credit Information System law for over 10 years, both of which need some degree of modification. The Banking Law is also planned to be amended. Additionally, a bill on safeguarding the rights and interests of financial consumers is planned to be submitted to the State Great Khural (Parliament). The project also includes goals aimed at making the banking and financial sector more stable. Regarding this, the Bank of Mongolia's president, B. Lkhagvasuren, mentioned that "Five systemically important banks have become publicly listed companies on the Mongolian Stock Exchange. There are 73,000 shareholders. In this sense, we aim to transition the banking and financial sector to an internationally benchmarked and audited system with international supervisory systems included." Furthermore, starting from November this year, the prices for electricity and heating are set to increase. Talking about how this change might impact inflation, he stated that "The central bank is studying what risks and challenges are associated with inflation. The issue of liberalizing electricity and heating prices has been discussed for some time. We have studied the impact of direct liberalization on inflation and also considered the effects of gradual or partial liberalization. According to research related to the decision to increase the electricity price for consumers by 30% and heating price by 50% from November 1, it is estimated that there will be an inflation pressure of approximately 0.7-1%." Warning Please note that the media (TV, Radio, and Social and Web pages) must cite the source (ikon.mn) when fully or partially using our information in any form.

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Credit Rating Opens New Opportunities for the Government and Private Sector

Published: 2024-09-26 | Translated from: itoim.mn

The upgrade of our country's credit rating by the "Fitch" agency was a prominent positive news in the economic and investment environment. It had been an event that had not occurred in the past 10 years, adding significant value. After such a long period, Mongolia improved its credit rating and secured its reputation internationally. A "B+/Stable" level is a high rating. Developing countries compete for this. They strive diligently to bring development financing and new investment sources to their countries at lower costs. Improving or moving up the rating means reduced investment costs. Mongolia now has something to say to investors. It has achieved a credit rating that attracts their attention, allowing it the right to sit at the negotiating table with confidence. Investors, investment funds, and money owners mainly look at the credit rating. They evaluate partnerships, clients, and investors based on this measure. In the financial world, there are many indicators. The most credible and stable point is the credit rating. To recall, since 2013, our country's credit rating had been consistently declining, reaching its lowest in 2016. At that time, by joining the IMF program, our credit rating gradually recovered, reaching the "B" category in 2018. From this level, today it has advanced to "B+/Stable," bringing light to both the government and the private sector. An improved credit rating calls for many investment opportunities. The higher the rating, the broader the scope for engagement and cooperation. It can be simply understood as a metric to recognize "the quality of a partner." In short, a credit rating accurately reflects the ability to repay loans, financial discipline, reliability, governance, and the adherence to commitments. Countries and companies with good credit ratings are more successful in attracting investment, which comes at lower costs and with lower interest rates. In contrast, if the rating is poor, professional funds will either not invest in that country or the private sector, or they will require very high costs for investment. A credit rating is a measure of trust. In the global financial and investment environment, there are three major credit rating agencies that have established and recognized their influence. One of them is the "Fitch" agency. Their evaluation is observed by the world, by the investors we interact with, and by major financial players. Especially in developing countries, credit rating evaluations are considered very important. Hence, Mongolia's ability to enhance its credit rating opens the door to new opportunities. On the improvement of Mongolia's credit rating to “B+/Stable” by the "Fitch" agency, Finance Minister B. Javkhlan presented this to the cabinet members at the government meeting. In connection with this presentation, the Prime Minister instructed Finance Minister B. Javkhlan to develop a medium-term plan to further increase Mongolia's credit rating and to set up a relevant working group. Increasing the credit rating is difficult, while it is easy to decline. Over the past years, due to numerous difficulties from the global Covid-19 pandemic and geopolitical situations, the credit ratings of over 70 countries were reduced in a short period, but currently, around 50 countries have seen an increase. Mongolia is among these 50 countries, having maintained the "B" grade without downgrading and subsequently improving the credit rating to “B+/Stable” for the first time in the last 10 years, which is a significant event. International agencies closely observe the outcomes of the government's and Ministry of Finance's work in raising the credit rating. It can also be seen as an indicator of Finance Minister B. Javkhlan's performance. As a result of the financial, budgetary, and debt management efforts implemented by the government, Mongolia has not only improved its credit rating after a long time but has also opened new opportunities for the private sector in the country. As the country's credit rating increases, the credit ratings of commercial banks are also improving one after another. The credit ratings of Khan Bank and XacBank are advancing, and the credit rating of the company "Energy Resource" ("Mongolian Mining Corporation") operating in the mining sector also meets the conditions for improvement. The ratings of internationally recognized government bonds and domestic bonds have significantly improved, bringing Mongolia back to the highest rating given by the "Fitch" agency. By advancing its rating by one full grade, Mongolia has enhanced and strengthened its reputation in the international financial and capital markets among investors. A high national credit rating leads the private sector towards expansion and development. In a country with a good rating, investment increases, the economy improves, and interest rates decrease. Moreover, economic resilience builds, market fluctuations stabilize, risks decrease, and economic growth becomes more inclusive. As the credit rating rises, the region becomes attractive to investors, and business opportunities flourish.

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Implementing policies aimed at sustaining economic recovery

Published: 2024-09-26 | Translated from: montsame.mn

Ulaanbaatar. Following the harsh winter conditions the previous year, the national economy faced challenges, particularly in the agricultural sector. However, other sectors have shown signs of recovery. As a result, monetary and financial policies aimed at maintaining this economic recovery in the medium term will be implemented in 2025. Specifically, within the framework of monetary and macroeconomic policy, a monetary policy aimed at stabilizing inflation at approximately 5% in the medium term will be implemented based on market principles. There is a plan to reduce the inflation target to 5% from 2027 onwards, and to support the flexible exchange rate policy in alignment with macroeconomic fundamentals. Additionally, a regulatory environment aimed at increasing foreign investment in the banking sector will be established, according to Mr. B. Bayardavaa, Director of the Monetary Policy Department of the Bank of Mongolia. Furthermore, Mongolia plans to prepare for the next evaluation of its system for combating money laundering, financing of terrorism, and proliferation of weapons of mass destruction by conducting a self-assessment and initiating a national and sectoral risk assessment in accordance with the indicators. Plans to improve the legal environment to strengthen the financial market infrastructure and its institutions, enabling foreign and domestic investors to invest in Mongolian Tugriks, are also designed to develop the domestic money market. The Central Bank initially estimated inflation to be at 6% by the end of this year, but due to the anticipated increase in electricity prices by 30% and heating prices by 50% in November, it is expected that inflation will rise to 7-8%, as noted by the Governor of the Bank of Mongolia, B. Lkhagvasuren, during this period.

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Energy Losses Will Lead to Constraints on Businesses

Published: 2024-09-26 | Translated from: news.mn

Prime Minister L. Oyun-Erdene participated in the inauguration of the traffic section of the Yarmag Bridge today. During this time, the city governor Kh. Nyambaatar introduced him to the current and future road projects, as well as planned works related to the thermal power station. Subsequently, the Prime Minister answered questions from journalists. He highlighted that raising energy prices is inevitable. Continuing with the old system will only lead to greater losses. The Prime Minister stated, "The cost of producing energy is several times higher than the selling price. Therefore, continuing like this means we will always be subsidizing. If the energy sector continues to operate with subsidies, it will begin to stifle our industry. It will also start to constrain construction. So now we face a choice. Should we continue to run the energy sector with outdated Russian technology, or should we transition to advanced global technology and start a clean energy green transition? Of course, there is a phase and timeline for this. It will consider the gross domestic product, the livelihoods of citizens, and manufacturers' issues. Based on these considerations and the proposals of professional organizations, even if it involves some pain, we will save the energy sector. Otherwise, it means we are deceiving ourselves. Therefore, prices are likely to increase to some extent. The level at which the price index will rise should be well-discussed by professional organizations and standing committees in consultation with businesses, in the Parliament." The regular session of the Parliament will begin next week. During the session, the budget for 2025 will be discussed, and studies and calculations on when and by how much energy prices will be increased are expected to surface. Currently, decisions related to electricity prices and night tariff discounts have not been finalized.

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By the end of this year, inflation is expected to rise by 6.5% and real income by 17%

Published: 2024-09-26 | Translated from: isee.mn

Today, a public discussion on the "Key development projects" included in Mongolia's 2025 budget proposal by the State Great Hural was held in the "Great Khan Chinggis" hall of the Government Palace. The session was chaired by Member of Parliament Kh. Ganhuyag and organized both in-person and online. The discussion began with a presentation by I. Batkhuu, Secretary of the Ministry of Economy and Development, on the "Current situation of mega development projects." He highlighted the anticipated economic growth rate of 5.6%, inflation of 6.5%, and a 17% increase in real incomes by the end of the year. He also outlined measures taken to increase exports and foreign currency reserves as part of the development plan. The long-term 2025 development plan of Mongolia includes the initiation of 14 mega projects aiming to establish sustainable infrastructure. Key projects to boost exports include: - Cross-border railway and cargo terminals - Two Vertical railway projects - A 450 MW thermal power plant in Tavan Tolgoi to support energy - A 90 MW hydroelectric plant in Erdeneburen - A 220 kV power line from Erdeneburen-Mynkad-Uliastai - A 310 MW hydroelectric plant on the Eg River - Renewable and distributed energy sources Moreover, the plan outlines the start of seven industrial complexes projects—Copper processing, Uranium projects, Oil processing, Gold refining, Coal-chemical and coke chemical complexes, Steel production, and Water transmission line development—and the "National satellite" project. Following I. Batkhuu's presentation, J. Delgerjargal, Director of the Development Financing and Investment Department of the Ministry of Finance, presented "2025 Budget: Regional Development Infrastructure." Based on the government's regional development concept and 2024-2028 program, the government plans to launch the "Development 5 Circle" highway project, tackle basic energy and infrastructure issues, and enhance port facilities. Additionally, there is a focus on reducing congestion, building tertiary hospitals and specialized high schools in each region, and encouraging private investment initiation projects. In the following year's budget, a total of 10.4 trillion MNT will be financed, with 38% funded from the national budget to support regional development projects. Each locality will address its priority issues, implementing necessary small projects and essential services, with 3.5 trillion MNT allocated for the 21 provinces and the capital city. J. Delgerjargal also highlighted the current conditions of energy and road infrastructure and provided short and long-term forecasts of budget policy implementations. He detailed 17 mega projects planned for 2025's implementation. Responding to urban challenges like traffic congestion and environmental pollution, large-scale projects including road and infrastructure projects are underway in 2024. The capital city budget will aid projects like the "Metro," ger area housing, "Tuul Speed Road," "New Ring Road," and cable car transport, plus a new underpass construction under the railway in Ulaanbaatar City and special road buses (BRT). Participants included members of the State Great Hural, the Budget Stability Council, pertinent ministries, the National Audit Office, the Secretariat of the Governor of the Capital City, representatives from the Mayor’s office, local self-governing bodies, NGOs, researchers, and citizens. The discussions addressed presentations by the Ministry of Economy and Development, the Ministry of Finance, and the Mayor’s office about key development projects in the upcoming budget, with participants posing questions to officials and receiving responses. Ideas were also exchanged on the development projects highlighted within Mongolia's 2025 budget proposal, as reported by the Press Service of the State Great Hural.

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Hong Kong overtakes Singapore as the leading financial center in Asia

Published: 2024-09-26 | Translated from: gogo.mn

Hong Kong has regained its position as the leading financial center in Asia, surpassing Singapore in the 2024 index ranking global financial hubs. While Singapore was ahead of Hong Kong last year, the new index presented on Monday by Z/Yen Partners and the China Development Institute shows Hong Kong is now ranked third globally, after New York and London. The index, which ranks 121 cities considered global financial centers, is based on a survey conducted among thousands of financial service professionals. This is welcome news for Hong Kong's financial sector, which has been struggling with the pandemic's restrictions and a loss of a significant portion of its workforce. However, the city’s real estate sector has not yet recovered, with market activity and consumer demand remaining weak. Notable changes in this year’s index include: - Shenzhen, China, overtaking San Francisco to rank third in the fintech sector. - Chicago and Los Angeles surpassing Shanghai, ranking sixth and seventh, respectively. - Sydney, Nanjing, and Tianjin each falling more than 10 positions. Over 20% of survey participants considered geopolitical risks the greatest challenge. List of the world's top 20 financial centers: 1. New York 2. London 3. Hong Kong 4. Singapore 5. San Francisco 6. Chicago 7. Los Angeles 8. Shanghai 9. Shenzhen 10. Frankfurt 11. Seoul 12. Washington 13. Geneva 14. Dublin 15. Paris 16. Dubai 17. Zurich 18. Beijing 19. Luxembourg 20. Tokyo In the previous year's ranking, Singapore was listed before Hong Kong. Now, Hong Kong has reclaimed its position as the leading financial hub in Asia according to the 2024 index ranking global financial centers. Additionally, the index unveiled by researchers from Z/Yen Partners and the China Development Institute on Monday shows Hong Kong ranked third globally after New York and London. This ranking, based on a survey of thousands of financial service professionals, assesses 121 cities considered global financial centers. Despite challenges brought by the pandemic restrictions, leading to workforce losses, this news is very favorable for Hong Kong’s financial sector. However, the city's real estate market has not yet rebounded, with market activity and consumer demand still weak. Highlights of this year’s index changes include: - Shenzhen, China, surpassing San Francisco to rank third in the fintech field. - Chicago and Los Angeles outpacing Shanghai, ranking sixth and seventh respectively. - Sydney, Nanjing, and Tianjin have all fallen over 10 positions. More than 20% of survey respondents viewed geopolitical risks as the greatest challenge. Top 20 global financial centers: 1. New York 2. London 3. Hong Kong 4. Singapore 5. San Francisco 6. Chicago 7. Los Angeles 8. Shanghai 9. Shenzhen 10. Frankfurt 11. Seoul 12. Washington 13. Geneva 14. Dublin 15. Paris 16. Dubai 17. Zurich 18. Beijing 19. Luxembourg 20. Tokyo

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Over One Trillion Tugriks Loaned for Mortgages This Year

Published: 2024-09-26 | Translated from: ikon.mn

Last year, a resolution by the State Great Khural (Uih) was passed, transferring the responsibility of mortgage loans to the government, allowing the Bank of Mongolia to manage them until the transfer is complete. Therefore, the Bank of Mongolia continues to handle mortgage lending. The mortgage loan, considered the most anticipated and in-demand loan among citizens, was addressed by the President of the Bank of Mongolia, B. Lkhagvasuren, stating, "The resolution from the State Great Khural stipulated that mortgages would be funded according to the amount of repayments. The repayment amount is 500 billion tugriks annually, which represents the Bank of Mongolia's resource. Additionally, with an 80/20 ratio, commercial banks release 200-250 billion tugriks in loans annually. With the passing of the National Wealth Fund Act, it has been stated that the Savings Fund's money can be utilized for mortgages. This brings the total amount to 1.2 trillion tugriks. As of today, we have issued 1 trillion 50 billion tugriks in mortgage loans. Until the end of the year, we have the resources to issue loans amounting to 230 billion tugriks. In discussions with the relevant ministries, there are plans to transfer mortgage lending under the government's National Housing Program. Within this framework, we have discussed ways to increase these resources. It can be understood that 50% of the total amount for mortgage lending can be sourced from the Savings Fund. We are considering new solutions, such as providing loans to rural areas with these funds and granting loans within the capital from the Bank of Mongolia's resources. Our policy is implemented to reduce traffic congestion in the city by encouraging more housing development in rural areas as part of the Rural Development and New Revival Policy," he said. Warning: When using our information in any form or part, media organizations (television, radio, social media, or web pages) must credit the source (ikon.mn).

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Credit Rating Opens New Opportunities for Government and Private Sector

Published: 2024-09-26 | Translated from: itoim.mn

Fitch Ratings upgraded Mongolia's credit rating, which marks significant news for the economic and investment environment. This event, which hasn't occurred in the last decade, adds considerable value. After such a long time, Mongolia has improved its credit rating and established its reputation internationally. A "B+/Stable" level is considered a high rating. Developing countries compete for this rating as they strive to attract development finance and new investment sources at lower costs. An improvement in the rating leads to reduced investment costs. Mongolia now has a stronger position to engage with investors. With a credit rating that captures their attention, we are now able to confidently participate in negotiations. Investors, investment funds, and financiers primarily rely on credit ratings to measure and assess potential partners and customers. In the financial landscape, various metrics exist; among them, the credit rating serves as the most reliable anchor. Since 2013, Mongolia's credit rating had been on a continuous decline, reaching its lowest point in 2016. At that time, the country entered an IMF program, which allowed the credit rating to gradually recover, reaching a "B" level in 2018. Now, it has improved to "B+/Stable," bringing optimism to both the government and the private sector. A higher credit rating attracts numerous investment opportunities. The improved rating enhances the scope for engagement and partnership, serving as an indicator of "partner quality." In essence, a credit rating reflects the ability to repay debt, financial discipline, reliability, governance, and commitment to promises. Countries and companies with favorable ratings attract investments more successfully, often garnering these at lower costs and interest rates. Conversely, those with poor ratings find themselves unattractive to professional funds, which may be unwilling to invest unless at exorbitant costs. The credit rating acts as a measure of trust. In global finance and investment, three major internationally recognized credit rating agencies exist, one of which is Fitch Ratings. Their evaluations are closely monitored by investors and financial giants. Particularly in developing countries, these evaluations hold immense significance. In this context, Mongolia’s upgraded credit rating creates increased opportunities. Fitch Ratings upgraded Mongolia's credit rating to “B+/Stable,” as Minister of Finance B. Javkhlan presented to the cabinet members, instructing the development of a medium-term plan to further enhance the country's credit rating and establish a working group for related matters. While raising a credit rating may be challenging, it is all too easy to see it decline. In recent years, over 70 countries have seen their credit ratings decrease due to global challenges stemming from the Covid-19 pandemic and geopolitical turbulence. About 50 countries have since improved their ratings. Mongolia is among this group, having maintained its "B" rating without reduction and, for the first time in the last decade, achieved an improvement to “B+/Stable,” which is a remarkable milestone. International agencies scrutinize the outcomes of government and Ministry of Finance efforts when evaluating credit ratings. This improvement can be viewed as a measure of Minister of Finance B. Javkhlan's performance. As a result of the government's financial, budgetary, and debt management policies, Mongolia has successfully upgraded its credit rating after a lengthy period, thereby gaining points from investors and opening new prospects for the private sector. As the country's credit rating enhances, the credit ratings of commercial banks are also progressively improving. The ratings of Khaan Bank and XacBank are advancing, and the credit rating conditions for "Energy Resources" (Mongolian Mining Corporation) in the mining sector have been met. The evaluation of international and domestic bonds has significantly improved, with Mongolia returning to its previously highest rating as given by Fitch Ratings. By upgrading its rating by one full level, Mongolia has strengthened its reputation within international financial and capital markets. A high national rating fosters private sector expansion and development. Countries with good ratings experience increases in investment, economic enhancement, and reductions in loan interest rates. This fosters economic resilience, market stability, reduced risks, and inclusive economic growth. As the credit rating ascends, the region becomes more favorable for investors, thus expanding business opportunities.

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Diplomacy

U.Khurelsukh: Let's Create a World Free of Nuclear Threats

Published: 2024-09-26 | Translated from: news.mn

Mongolia's President U. Khurelsukh addressed the United Nations General Assembly, emphasizing the significance of visiting the "Conscience" sculpture during his attendance at the sessions. He stated that "Every time we visit this sculpture, it evokes a profound sense that we must be responsible, conscious, and honorable before the history of humankind and our future generations." The President noted that mistrust, misunderstanding, and disrespect continue to exist, resulting in ongoing conflicts and wars, along with rising geopolitical tensions. He stressed the need for the international community to establish peace, combat climate change, protect public health, reduce economic inequality, and enforce justice. This year marks a significant election year, with presidential and parliamentary elections held in over 60 countries around the globe. Mongolia successfully conducted its parliamentary elections within the legal framework, receiving praise from international organizations. Mongolia values pluralism and aims to build international relations based on multiple pillars. The country appeals to nations worldwide to refrain from using force against the territorial integrity and sovereignty of any nation, and to work towards strengthening global peace and security. Mongolia's foreign policy is rooted in diplomatic engagement, emphasizing the importance of sending and receiving envoys, negotiation, and reconciliation with neighboring countries, allies, and adversaries. This principle of respecting harmony and coexisting peacefully reflects the ideology of Mongolia's ancestors, guiding efforts to maintain peace and stability today. The deepening geopolitical tensions, ongoing warfare, and the resurgence of nuclear threats are causing significant concern for humanity. Mongolia contributes to global nuclear threat elimination and is recognized for its nuclear-free status. The country reiterates its commitment to adhering to and promoting policies that ensure a nuclear-free environment. Mongolia calls on all nations to collaborate in establishing a world free of nuclear threats and to secure peace and stability. The nation has deployed over 20,000 peacekeeping troops in crisis regions, working towards the security of humanity. Global warming and climate change extend beyond environmental concerns, posing direct and indirect risks. Humanity faces an existential choice: the question is not about development versus non-development, but rather about being or not being. As descendants of nomads, Mongolians cherish and uphold their unique cultural heritage and traditions. The essence of nomadic civilization lies in the green development philosophy of loving, protecting, and appropriately enjoying nature while preserving the balance between humanity and nature. Preparations are underway to host the 17th Conference of the Parties to the United Nations Convention to Combat Desertification in Ulaanbaatar in 2026. Mongolia has a rich history of respecting women, with queens and women playing vital roles in governance and social affairs throughout the country’s history. Mongolia is recognized as a leader in Asia in ensuring gender equality. The nation believes that any international challenges and misunderstandings can be addressed through mutual understanding, trust, respect, and dialogue within the framework of international legal norms. State and government leaders are encouraged to make tangible contributions to the collective efforts for global peace, security, sustainable development, and the well-being of mankind.

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Mongolia's Balanced and Dynamic Foreign Relations

Published: 2024-09-26 | Translated from: ikon.mn

The pride of Mongolia in steadily and dynamically developing balanced relations and cooperation with its two eternal neighbors and other countries across the world is commendable. During the general debate of the 79th session of the United Nations General Assembly in New York, the President of Mongolia, U. Khurelsukh, met with the UN Secretary-General, António Guterres. The President discussed the proposals and initiatives put forward by Mongolia in resolving global challenges, ensuring the implementation of the Sustainable Development Goals, combating climate change, peacekeeping operations, and promoting gender equality. He expressed gratitude for the UN's consistent support for Mongolia. Additionally, he provided information regarding the successful organization of the Global Women's Summit and the "Ulaanbaatar Dialogue" conference on Northeast Asian security issues held in Ulaanbaatar, emphasizing Mongolia's commitment to strengthening relations and cooperation with the UN in all areas. UN Secretary-General António Guterres highlighted Mongolia's hosting of the 17th Conference of the Parties to the UN Convention to Combat Desertification in 2026, appreciating Mongolia's significant contribution to resolving regional and international issues. He noted that Mongolia's successful implementation of its multi-pillar, peace-loving, open foreign policy and balanced and dynamic development of relations and cooperation with its two eternal neighbors and other countries in the world is admirable. He went on to highlight Mongolia as an important member of the UN and the international community, serving as a bridge of mutual understanding and trust between countries in its region, while expressing the UN's interest in deepening and strengthening cooperation with Mongolia. Recalling his warm reception during his visit to Mongolia in 2022, UN Secretary-General António Guterres extended sincere greetings to the people of Mongolia. The UN and its system organizations pledged their unwavering support for Mongolia's efforts and contributions towards achieving sustainable development goals and advancing the development of the country, reaffirmed by its government. Source: President's Office Disclaimer: Media organizations (Television, 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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The President of Mongolia Calls for Cooperative Efforts to Strengthen Global Peace and Security

Published: 2024-09-26 | Translated from: montsame.mn

The President of Mongolia, U. Khurelsukh, delivered a speech at the General Debate of the 79th session of the United Nations General Assembly. President Ukhnaagiin Khurelsukh expressed his full speech. "Distinguished Chairman of the Assembly, Distinguished Secretary-General, Esteemed Guests and Delegates, Ladies and Gentlemen, First, I would like to extend my heartfelt congratulations to President Philemon Yang on presiding over the 79th session of the United Nations General Assembly and wish him success in the Assembly's activities. Each time I participate in the Assembly's sessions, I love visiting the "Consciousness" sculpture by a renowned Mongolian artist located in the garden at the UN headquarters. Each visit to this sculpture reminds us of our responsibility to be conscientious and dignified before the history of humanity and future generations. This profound piece was created as a symbol of the historical moment when the world's countries adopted the "2030 Agenda for Sustainable Development" and the Paris Agreement on Climate Change. During this visit, this magnificent artwork appeared to stand solemnly as if reminding us to account for the commitments and promises we have made for future generations. Unfortunately, as the time to evaluate the implementation of these documents approaches, it remains insufficiently addressed. Recognizing this reality, United Nations Secretary-General António Guterres initiated and organized a "Summit on Future Issues" to inject new energy and invigorate our activities to ensure the program's implementation. Two days ago, this summit discussed our policy objectives and cooperation in the fields of sustainable development, science, technology, innovation, youth, and governance reforms. Mongolia actively participated in the drafting of documents like the "Pact for the Future," the "Declaration on Future Generations," and the "Global Digital Compact" adopted at the summit. We are now required to exert every effort to implement these initiatives into concrete actions, and I express appreciation for the endorsement of these ideas by the heads of state and representatives attending this Assembly. Distinguished Delegates, Humanity's life today is rapidly changing and evolving in an interconnected manner due to advancements in technology and digital development. However, narrow interests, extreme ideologies, mistrust, misunderstandings, and disrespect prevail, leading to ongoing conflicts and warfare across the world and exacerbating geopolitical tensions. Mongolia believes that strengthening multilateral cooperation based on international law and the UN Charter is the primary means to ensure global peace and security. Among these, promoting dialogue, mutual understanding, and trust-building are seen as fundamental elements for global stability and peaceful coexistence. To establish peace, combat climate change, ensure universal health protection, reduce economic inequality, and establish justice, there is an inherent need for the international community to adopt appropriate solutions informed by contemporary changes and developments. This year is significant, as more than 60 countries around the world, including Mongolia, have held presidential and parliamentary elections, making it a year of major choices for almost half of the global population. In Mongolia, the regular parliamentary elections were successfully conducted legally, praised by both domestic and international observers and organizations. Over the years, Mongolia has consistently sought to contribute to the global community's efforts toward world peace, security, and sustainable development. In this context, Mongolia has established diplomatic relations with all UN member states and is committed to cultivating friendly relations and fostering cooperation with every nation. As a country adhering consistently to a foreign policy centered around "peace-loving, open, independent, and multi-pillared," Mongolia respects the history, culture, traditions, religions, and national interests of all nations, seeking to foster international relations on a diversified basis. Therefore, my country strictly observes the principles of not using force against the territorial integrity or sovereignty of any state as outlined in the UN Charter. We champion resolving disputes and conflicts through diplomatic dialogue instead of confrontation and advocate unity over division, promoting collective ideas as a contribution to strengthening global peace and security. Since ancient times, Mongolians have cherished and pursued resolving issues through peaceful means and dialogue. Historically, the Great Mongol Empire used political and diplomatic methods, sending and receiving envoys, establishing treaties, and negotiating peacefully with neighboring and distant nations, whether allies or adversaries. These principles remain central to Mongolia's foreign policy today. A historical testament to this is the "Gerege," a precursor to modern diplomatic passports. Our ancestors used it in the 13th century for inter-country relations, a legacy preserved as a valuable historical artifact at the UN headquarters. In 2000, UN Secretary-General Kofi Annan acknowledged the "Gerege" as a valuable legacy offered by Mongolians to the global community, signifying the wisdom from which the modern world could learn much. The historical ethos of our ancestors' advocacy for harmonious coexistence lays the groundwork for the modern initiatives aimed at safeguarding peace and stability. Distinguished Chairman, In challenging times when geopolitical tensions deepen, war flames rise, and nuclear threats resurface, humanity is greatly troubled. It is imperative that the collective efforts of the world's countries to prevent the proliferation, reduction, and total elimination of nuclear weapons continue. Mongolia, committed to contributing to nuclear safety, has achieved international recognition for its nuclear-weapon-free status and reaffirms its dedication to this policy. We call upon all nations to collaboratively work towards achieving a world devoid of nuclear threats and suggest organizing a special session on this issue within the UN framework. Distinguished Chairman of the Assembly, Mongolia highly values the role of UN peacekeepers who risk their lives for global peace and security and has notably contributed to this noble cause. Due to factors like international terrorism and the rising number of refugees, "blue helmets" increasingly face difficult conditions and complex tasks. We should not forget that over 4,370 people, including UN peacekeepers, military and police personnel, and civilians, have lost their lives on-duty in recent years. Despite its smaller population, Mongolia has deployed over 20,000 peacekeepers to the world's hotspots over the past 20 years, dedicating itself to global peace and security. Mongolia aims to increase effective participation by women in UN peacekeeping operations, in line with the "Women, Peace, and Security" program of the UN Security Council, with women currently making up 11 percent of our peacekeepers. We trust that the UN Department of Peace Operations and other troop-contributing countries will fully support this initiative. Distinguished Delegates, In recent years, the rapid advancement of information and communication technologies has significantly impacted humanity's daily lives and is potentially reconfiguring the groundwork for cultural development. Our recent adoption of the "Global Digital Compact" is a timely and essential step within these discussions. Mongolia strives to keep pace with technological development, placing considerable importance on US resolutions and legal documents and actively participating in other international legal contexts addressing these issues. In March this year, for the first time, the UN General Assembly passed a resolution calling on member states to ensure the reliability and safety of artificial intelligence. Countries around the world are focusing on economic diversification, energy and digital transition policies, reducing the adverse effects of climate change, improving adaptability, and enhancing access to education and healthcare, to accelerate the implementation of sustainable development goals. Conversely, global debt has reached unprecedented levels, with the debt service burden exceeding the amount of loans received by developing nations, further limiting the fiscal space to implement the sustainable development goals. Mongolia supports the Secretary-General's initiatives underpinning "Our Common Agenda" and fully endorses the international effort to reform the global financial system thoroughly. Distinguished Delegates, In the early years of the 21st century, ideological and systemic conflicts dividing the world became history, and traditional military threats appeared distant, while non-traditional threats like climate change, pandemics, terrorism, cybercrime, and refugee issues came to the forefront. Yet, this situation has drastically shifted in recent years, with traditional threats once again resurging, adversely affecting global security and sustainable development. Hence, countries must pay special attention to the intersection of both traditional and non-traditional threats and importantly bolster their collective efforts. The world is now facing such dire challenges, including accelerated global warming and climate change, affecting the vulnerable fabric of society, exacerbating resource disputes, stirring migration movements, and triggering myriad direct and indirect risks. If these conditions persist, humanity may face not just the choice between development or non-development, but existence or non-existence itself. Hence, we must make a thorough assessment of the situation and tackle challenges arising from climate change through innovative solutions and modern technological advancements, sharing good practices and working jointly. Mongolians, descendants of nomadic ancestors, have preserved and revered our distinctive cultural and traditional heritage. "The true source of nomadic civilization is indeed the concept of respecting and preserving nature, sustainably utilizing its benefits, maintaining the natural order, and the idea of green development. This translates to having many traditional ideas and initiatives concerning the future of green development. In line with the aspirations of a sustainable future, Mongolia is successfully implementing national movements and programs such as "Vision-2050," "One Billion Trees," "Food Supply and Security," "Healthy Mongolian," and "E-Mongolia." These initiatives contribute to the implementation and success of sustainable development goals at both international and regional levels. Additionally, we are pleased to report that we are preparing to host the 17th Conference of the Parties (COP) in 2026 in Ulaanbaatar, as part of the implementation of the resolution proclaiming 2026 as the International Year of Rangelands and Pastoralists. We trust that the international community and member countries will support us and work together. Distinct Chairman, as a country situated in the vast Central Asian steppe, with a unique geographical and climatic condition, Mongolia places special attention on issues faced by countries with similar challenges. Mongolia has continually contributed to representing shared interests and giving voice to these countries on the global stage. Alongside Austria, we chair the intergovernmental committee preparing for the Third UN Conference on Landlocked Developing Countries (LLDCs) in 2023-2024, successfully facilitating discussions among member states. We are pleased that the draft Program of Action, set to be adopted at the upcoming conference in Botswana in December, contains new perspectives on guiding the development of LLDCs over the next decade. Therefore, we urge the participation of high-ranking representatives of all LLDCs and transit countries, UN member states, and development partners at the Third UN Conference, to engage in creative discussions to implement the Program of Action effectively. Distinguished Chair, The Fourth UN World Conference on Women held in Beijing in 1995 proclaimed "women’s rights are human rights, and human rights are women’s rights," setting before us the formidable task of removing obstacles to gender parity. The traditions of Mongolians encompass respect and reverence for women, with Mongolian queens and women playing significant roles in the socio-political landscape throughout history. This cherished tradition and cultural trajectory have continued to evolve, placing Mongolia as a leader in Asia regarding gender equality. Mongolia was the first to enshrine equal rights for women, including the right to vote and be elected, within Asia in its first constitution. This year, we commemorate the 100th anniversary of the founding of the National Women’s Organization of Mongolia. On this historical occasion, in 2023, comprehensive legal and policy reforms have been enacted to enhance women’s participation at decision-making and political levels. As a result, women constitute 25.4 percent of the members of the recently elected Parliament, surpassing Asia's average of 21.2 percent. Additionally, in August this year, we successfully co-organized the "Women’s Forum for a Green Future" in Ulaanbaatar with the UN, an event that welcomed leaders and representatives from government, international organizations, and sectors spanning economy, environment, climate change, food safety, education, sports, culture, and arts from all five continents. Throughout the forum, numerous creative initiatives were proposed to increase the participation of women within the sustainable development goals. We are pleased to note that the “Ulaanbaatar Declaration for a Sustainable Future” was adopted at the conclusion of the forum. Mongolia remains committed to actively working toward gender equality and women’s empowerment following the outcomes of the World Women’s Forum and beyond. Ladies and Gentlemen, The UN General Assembly serves as the most important and prestigious platform for broadcasting the voices of global peace, security, human prosperity, and development aspirations. Mongolia has steadfastly supported member states’ ambitions for reforming the UN Security Council into a fair, inclusive, transparent, efficient, democratic, and accountable structure. We will continue to support strengthening the UN’s primary role and coordination within global affairs. Our country believes all international difficulties and misunderstandings should be resolved through mutual understanding, trust, respect, and dialogue within the framework of international law. I thus implore all Heads of State and esteemed delegates participating in monumental efforts for global peace and security, sustainable development, and the well-being of humanity to exercise prominent leadership, and contribute solidly to enhancing trust, mutual respect, and cooperation among nations. May eternal heaven graciously bless mankind, and may global peace prevail forever. Thank you for your attention."

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President of Mongolia Khürelsükh Meets with UNDP Administrator

Published: 2024-09-26 | Translated from: isee.mn

President of Mongolia U. Khürelsükh met with UNDP Administrator Achim Steiner during the general debate period of the 79th Session of the UN General Assembly. President Khürelsükh expressed satisfaction with the ongoing cooperation with the UN Development Programme and emphasized Mongolia's commitment to accelerating the implementation of the Sustainable Development Goals. The collaboration between Mongolia and the UNDP spans areas such as good governance, desertification, climate change, green transition, energy transition, empowering women, gender equality, and protecting the interests of landlocked developing countries. President Khürelsükh affirmed Mongolia's support for these initiatives. UNDP Administrator Achim Steiner expressed support for President Khürelsükh's proposals and initiatives, indicating a desire to expand cooperation with Mongolia, particularly in environmental and green development partnerships. Special mention was made of the "White Gold" program initiated by the President of Mongolia, which aims to introduce livestock raw materials into economic circulation and produce value-added export products. Discussions were held on potential collaboration within this program. Additionally, it was noted that the World Women's Summit held in Ulaanbaatar in August under the patronage of the President of Mongolia was timely and successfully addressed common issues faced by women worldwide, providing a broad platform for fruitful discussions. The "Ulaanbaatar Declaration for a Sustainable Future," adopted after the summit, was reflected in documents approved at the High-Level Meeting on Future Issues held in New York. Satisfaction was expressed for the support and cooperation provided by the UNDP in organizing the World Women's Summit in Mongolia.

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A. Guterres: Mongolia is Becoming a Bridge of Understanding Between Countries

Published: 2024-09-26 | Translated from: montsame.mn

On September 25, 2024, the President of Mongolia, U. Khurelsukh, met with the United Nations Secretary-General, Antonio Guterres, during his participation in the General Debate of the 79th session of the UN General Assembly in New York City. The President of Mongolia expressed gratitude for the United Nations' consistent support for Mongolia's proposals and initiatives aimed at addressing challenges facing the international community, achieving the Sustainable Development Goals, combating climate change, conducting peacekeeping operations, and ensuring gender equality. He also informed about the successful organization of the World Women's Summit and the "Ulaanbaatar Dialogue" conference on Northeast Asian security issues in Ulaanbaatar and emphasized the importance of strengthening relations and cooperation with the United Nations in all areas. UN Secretary-General Antonio Guterres highlighted the 17th Conference of the Parties to the United Nations Convention to Combat Desertification, which Mongolia will host in 2026, and noted Mongolia's significant contribution to addressing regional and international issues. He praised Mongolia's successful implementation of a diversified, peace-oriented, and open foreign policy, and the balanced and dynamic development of relations and cooperation with its two permanent neighbors and other countries around the world. He remarked that Mongolia is an important member of the United Nations and the international community, acting as a bridge of understanding and trust among countries within its region and expressed a desire to deepen and strengthen collaboration with Mongolia. Secretary-General Antonio Guterres recalled his warm reception during his visit to Mongolia in 2022 and extended heartfelt greetings to the people of Mongolia. He reaffirmed the commitment of the United Nations and its system organizations to fully support the efforts of the government of Mongolia in implementing the Sustainable Development Goals and advancing the country's development.

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South Korea: No Penalty for Undocumented Residents Who Return Within the Specified Period

Published: 2024-09-26 | Translated from: news.mn

More than 30,000 foreigners living without documentation in South Korea left the country last year thanks to a special amnesty program. According to the Ministry of Justice, there are about 410,000 undocumented foreigners in South Korea, about eight percent of whom returned home last year. This year's amnesty month program will continue as well. Specifically, the period from September 30 to November 30 has been announced as a time for illegal foreign residents to voluntarily return home. Those who return voluntarily during this period will not have to pay fines. However, those who entered illegally, used fake documents, or were involved in criminal activities are excluded from this program. Under the program, those who voluntarily leave South Korea can be exempted from fines of up to 30 million won (24,000 USD) and will be allowed to return. Every year, the Ministry of Justice of South Korea declares an amnesty month to reduce the number of illegal residents in the country. This year’s amnesty law will begin next Monday, September 30. Those who return home during the amnesty period will be exempt from financial penalties and may gain the right to re-enter the country. If you decide to return under this law, you can call immigration at 1345 and press 7 for advice from a Mongolian-speaking employee. Additionally, there is a warning that starting next month, measures to combat illegal residents will include inspections and arrests. According to information provided by the Ministry of Foreign Affairs, "As of December 31, 2023, the South Korean immigration authority states that there are 53,038 Mongolian citizens working and living in the country. This number includes those whose visas have expired or are undocumented." Citizens are also able to submit their request to return home online.

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Japanese Military Ship Passes Through Taiwan Strait for the First Time

Published: 2024-09-26 | Translated from: montsame.mn

A Japanese military ship has passed through the Taiwan Strait for the first time, according to the "Yomiuri" newspaper. The newspaper reported that the Japanese Maritime Self-Defense Force's fleet minesweeper "Sazanami" passed through the Taiwan Strait from north to south to participate in a multilateral military exercise in the South China Sea. Australian and New Zealand military ships have also passed through this waterway. The Japanese government has so far refrained from such actions, considering Beijing's potential reactions, the newspaper noted. However, after Chinese military aircraft violated Japanese airspace and Chinese military ships passed close by Japanese islands, this step was taken to express a decisive stance. U.S. ships occasionally pass through the Taiwan Strait, claiming that these actions are intended to uphold freedom of navigation. In contrast, the Chinese side states that there are no issues concerning freedom of navigation on their part, but foreign ships passing through are aimed at provocation.

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Discussed Opportunities for Active Cooperation in Tourism and Culture

Published: 2024-09-26 | Translated from: montsame.mn

The Minister of Foreign Affairs B. Battsetseg met with Ilir Hoxha, the Minister for Europe and Foreign Affairs of the Republic of Albania, on September 25 during the General Debate of the 79th session of the United Nations General Assembly. During the meeting, Minister B. Battsetseg highlighted the expanding traditional friendly relations and cooperation between Mongolia and Albania as a result of the efforts of both parties. She extended congratulations on the 75th anniversary of the establishment of diplomatic relations between the two countries, which is being celebrated this year. The Foreign Ministers exchanged views on expanding bilateral relations in areas of mutual interest, particularly discussing the opportunities for active cooperation in the fields of tourism and culture. They also emphasized the active cooperation between the two countries within the framework of the United Nations and other international organizations, affirming their commitment to maintain this tradition. Diplomatic relations between Mongolia and the Republic of Albania were established on May 24, 1949, with Albania being the third country to recognize Mongolia's independence and establish diplomatic relations.

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U. Khurelsukh: Our country believes that any international difficulties and misunderstandings should be resolved within the framework of international law

Published: 2024-09-26 | Translated from: isee.mn

The full speech of President of Mongolia Ukhnaagiin Khurelsukh at the General Debate of the 79th session of the United Nations General Assembly is presented here in its entirety. PRESIDENT OF MONGOLIA UKHNAA KHURELSUKH: “Mr. President of the esteemed Assembly,
Mr. Secretary-General,
Distinguished guests and delegates,
Ladies and gentlemen, First and foremost, I would like to extend my heartfelt congratulations to Philemon Yang, President of the 79th session of the United Nations General Assembly, and wish success to the proceedings of the Assembly. Every time I participate in the Assembly session, I enjoy visiting the "Consciousness" sculpture by a renowned Mongolian artist, located in the garden of the UN Headquarters. Every visit to this sculpture deeply reminds us of the responsibility, consciousness, and dignity we must uphold before the history of humanity and future generations. This sculpture was created as a symbolic embodiment of the historic time when the countries of the world adopted the "Sustainable Development-2030 Agenda" and set the objectives of the Paris Agreement on climate change. During this visit, this magnificent work seemed to silently stand as if asking about our commitments and promises for future generations. Unfortunately, while the time to evaluate the implementation of these documents is upon us, the work done, achievements, and results reached by us remain insufficient. Recognizing this reality, to energize the implementation of the program and make our actions more active, UN Secretary-General António Guterres initiated the "Summit on the Future." Just two days ago, at this high-level summit, we discussed and established our policy objectives and cooperation framework on sustainable development, science, technology, innovation, youth, and governance reforms. I am pleased to note that Mongolia actively participated in the drafting of documents such as the "Pact for the Future," the "Declaration on Future Generations," and the "Global Digital Compact." Now, we must all strive and nations must work collaboratively to turn these initiatives into reality. It is gratifying that heads of state, government, and representatives from various countries are expressing their support and opinions from this honorable podium. Distinguished guests and delegates, Today's human life is rapidly changing, progressing interdependently due to advancements in technology and cyber development. However, narrow interests, extreme ideologies, mistrust, misunderstanding, and disrespect continue to fuel conflict, disputes, and wars in many parts of the world, with increasing geopolitical tensions. Mongolia views strengthening multilateral cooperation respected by international law and the UN Charter as the main path to achieving international peace and security. Within this, dialogue, mutual understanding, and trust are considered as the foundation for achieving global stability and coexisting peacefully. Addressing peace establishment, combating climate change, protecting public health, reducing economic inequality, and establishing justice require creative collaboration and appropriate solutions tuned to the rhythm and changes of our era, laid before the international community. This year has been a significant year of elections globally, with more than 60 countries conducting presidential and parliamentary elections, during which almost half of the world's population made their choices. In Mongolia, the regular parliamentary elections were successfully held under the legal framework, and it was praised by domestic and foreign observers and international organizations. Historically, Mongolia has consistently aimed to contribute to international peace, security, and sustainable development. Along these lines, Mongolia has established diplomatic relations with all UN member countries, striving to strengthen friendly relations and cooperation with all countries worldwide. Mongolia adheres to a "peace-loving, open, independent, multi-pillared" foreign policy, respecting the diverse values stemming from history, culture, civilization, religion, national fundamental interests, and development paths of countries. Hence, our country firmly observes the principles of the UN Charter regarding the non-use of force against any country's territorial integrity and sovereignty. We aim to resolve disagreements and conflicts through diplomatic dialogue, unity instead of hostility, integration instead of division, actively contributing to global peace and security. We urge all nations and peoples of the world to work together for the attainment of peace, sustainable development, and the well-being of humankind. May eternal heaven bless humanity forever, and may the world live in peace. Thank you for your attention.”

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U. Khurelsukh: We will steadfastly support the strengthening of the UN's leading role and coordination in world affairs

Published: 2024-09-26 | Translated from: ikon.mn

The complete speech delivered by the President of Mongolia, U. Khurelsukh, at the General Debate of the 79th session of the United Nations General Assembly is presented below. President of Mongolia, U. Khurelsukh: "Honorable President of the Assembly, Distinguished Secretary-General, Esteemed guests and delegates, Ladies and gentlemen, First of all, I extend my heartfelt congratulations to Philemon Yang, President of the 79th session of the UN General Assembly, and wish the session every success. Whenever I participate in the General Assembly, I always enjoy visiting the sculpture "Consciousness" by a renowned Mongolian artist located in the UN headquarters' gardens. Each visit to this sculpture evokes a deep awareness and contemplation about our responsibilities to humanity's history and future generations. This profound sculpture symbolizes the historic moment when the countries of the world adopted the "Sustainable Development 2030 Agenda" and the Paris Agreement on climate change. This time, this splendid work appeared to stand solemnly, as if questioning us about the commitments we made for future generations. Regrettably, as the deadline to evaluate the implementation of these documents approaches, our efforts, achievements, and results remain insufficient. To assess this realistic situation and energize the implementation of the agenda, UN Secretary-General Antonio Guterres initiated and organized the "Summit on the Future" two days ago. At this high-level summit, discussions focused on the policies, goals, cooperation directions, and scope concerning sustainable development, science, technology, innovation, youth, and government reforms. I am pleased to note Mongolia's active participation in the development of documents such as the "Future Contract," "Declaration on Future Generations," and the "Global Digital Compact," which were adopted at the summit. Now, to realize these proposals, we need to strive hard, and countries should work together. It is encouraging that the heads of states, governments, and representatives deeply understand the necessity of cooperation and are expressing their views and positions at this respected podium. Honorable guests and delegates, Today's human life is rapidly changing with technological advancements and digital development, evolving interdependently across the globe. However, narrow interests, extreme ideologies, distrust, misunderstanding, and disrespect continue to exist, leading to conflicts, armed clashes, and wars in many parts of the world, increasing geopolitical tensions. Mongolia considers strengthening multilateral cooperation, respecting international law, and the UN Charter as the primary means to ensure international peace and security. Dialogue, mutual understanding, and trust are viewed as the foundation for global stability, peace, and coexistence. To establish peace, combat climate change, protect public health, reduce economic inequality, and uphold justice, the international community is rightfully required to find solutions aligned with the era's changes and rhythms and engage in creative cooperation. This year, presidential and parliamentary elections were held in more than 60 countries worldwide, marking a major election year for almost half the world’s population. It is pleasing to note that Mongolia also successfully conducted its regular parliamentary elections within the legal framework, earning praise from both domestic and international observers and organizations. Over the years, Mongolia has consistently sought to contribute its share to the international community's efforts for global peace, security, and sustainable development. Within this framework, Mongolia has established diplomatic relations with all UN member states and aims to foster friendly relations and cooperation with all countries worldwide. As a country pursuing a "peace-loving, open, independent, multilateral" foreign policy, Mongolia respects the diversity of perspectives rooted in the history, culture, civilization, religious beliefs, and national interests of the world’s nations, and seeks to shape international relations on a multilateral principle. Therefore, our country adheres unwaveringly to the principle of non-use of force against the territorial integrity and sovereignty of any nation as stipulated in the UN Charter. We firmly uphold diplomatic dialogue over conflict, unity over hostility, collaboration over division, and cooperation for global peace and security among the world's countries and peoples. We, Mongolians, have long valued and sought to resolve issues through harmony and dialogue. Historically, the Great Mongol Empire utilized political and diplomatic methods, such as sending and receiving envoys, establishing treaties, and pursuing peace with both allies and adversaries, emphasizing peaceful resolutions. This historical evidence, the "Gerege," an antecedent to the modern diplomatic passport, was used for the first time in inter-state relations by our ancestors in the XIII century. The historic "Gerege" is preserved as a historical artifact at the UN headquarters today, and former UN Secretary-General Kofi Annan praised it in 2000 as a valuable gift to the international community from the Mongols, signifying the wisdom we can learn from our ancestors. The ideals of peace and coexistence cherished by our ancestors serve as a foundation for the progressive ideas underpinning our efforts to maintain peace and stability today. The current geopolitical tensions, war's blaze, the resurgence of nuclear threats, and the potential resurgence of such issues are causing great concern to humanity. The global effort to prevent the proliferation, disarmament, and complete elimination of nuclear weapons and the expansion of nuclear-weapon-free zones must not be in vain. Mongolia has contributed to removing the nuclear threat and has declared its nuclear-weapon-free status recognized internationally, confirming its continued adherence to anti-nuclear policy and action. Our country calls on all nations to work together to ensure peace, stability, and especially a world free from nuclear threats, proposing to convene a special session at the UN on this issue. Honorable President of the Assembly, Mongolia highly values the role and contribution of UN peacekeepers, the "blue helmets," who selflessly strive for global peace and security, working in increasingly challenging and complex environments. We must never forget the over 4,370 UN peacekeepers, military and police personnel, and civilians who lost their lives in duty execution. As a relatively small nation, Mongolia has dispatched over 20,000 peacekeeping troops to global hotspots over the past 20 years, contributing significantly to world peace and security. Under the UN Security Council's Women, Peace, and Security program, we aim to increase effective female participation in peacekeeping operations, with women currently representing 11% of our peacekeepers. I am confident that the UN Peacekeeping Agency and other troop-contributing countries will fully support this initiative. Honorable President of the Assembly, esteemed guests and delegates, Recent years have seen rapid developments in information and communication technology, significantly influencing daily life and potentially altering civilization's future. International discussions on information, communication technologies, and artificial intelligence are gaining momentum, with our recent adoption of the "Global Digital Development Compact" marking a well-timed, vital step. Our country aims to keep pace with information technology development by actively participating in relevant UN resolutions, documents, and other international legal discussions. The UN General Assembly made an important move by adopting a resolution in March, urging member states to ensure the reliability and security of artificial intelligence for the first time. To accelerate implementing the sustainable development goals, global nations are focusing on policies supporting economic diversification, energy, and digital transitions. Efforts are underway to reduce adverse climate change impacts, enhance adaptive capacities, and improve access to essential social services, especially education, health, employment, and food security. Conversely, the global debt accumulation has reached unprecedented levels. Developing countries' debt service payments now exceed their borrowing, further constraining the fiscal space to implement sustainable development goals. Mongolia fully supports the international community's efforts to reform the global financial system fundamentally, as suggested in the UN Secretary-General's "Our Common Agenda" initiatives, ensuring only debt sustainability. Honorable guests, delegates, In the early years of the twenty-first century, the ideological and systemic conflict that divided the world became history, traditional military threats receded, and attention shifted to non-traditional threats such as climate change, pandemics, terrorism, cybercrime, and refugee issues. However, this situation has radically changed in recent years, with traditional threats resurfacing, negatively impacting global security and sustainable development. In other words, with the overlap and expansion of traditional and non-traditional threats, the world urgently needs to focus and strengthen its cooperative efforts. Particularly, global warming and climate change have extended beyond the natural, climatic, and economic spheres, exacerbating social vulnerability issues and resource conflicts, and spurring migration, causing numerous direct and indirect threats and risks. If these conditions persist, humanity might not face a choice between development and non-development, but rather between existence and non-existence. Therefore, we must thoroughly assess the situation, adopt smart solutions based on current advances, implement new technologies, share good practices, and collaborate effectively to overcome the issues and challenges arising from climate change. We, Mongolians, are descendants of nomads, cherishing our unique culture and traditions. The essence of nomadic civilization lies in protecting and sustainably benefitting from nature while preserving the natural order, embodying the green development concept. Consequently, Mongolia has considerable traditional wisdom and initiatives concerning the green development future, emphasizing environmental conservation, proper utilization of natural benefits, and protection. To support the implementation of sustainable development goals, Mongolia is successfully executing national programs aligned with its "Vision-2050" long-term development policy, such as "One Billion Trees," "Food Supply and Security," "Healthy Mongolian Citizen," and "Digital Mongolia." These are seen as our contributions to implementing sustainable development goals at international and regional levels. Furthermore, announcing 2026 as the "International Year of Pastures and Nomadic Pastoralism" based on Mongolia's initiative was approved by the UN General Assembly, and preparations are underway to host the 17th Conference of Parties to the UN Convention to Combat Desertification in Ulaanbaatar in 2026. We are confident of receiving the support and cooperation of the international community and member countries. Honorable President of the Assembly, Our country, with its unique location in Central Asia and extreme climate, lacks sea access, and we have paid special attention to issues faced by landlocked and similar countries, contributing towards addressing common challenges and making our voice heard globally. During 2023-2024, Mongolia, alongside Austria, is co-chairing the intergovernmental committee preparing for the UN's Third Conference of Landlocked Developing Countries (LLDCs) and successfully conducted discussions on the draft of the final document with member states. The draft operational program to be adopted at the conference in Botswana in December includes specific goals and initiatives guiding LLDC development for the next decade, marked by innovative content. We, therefore, call upon high-level participation and creative discussions on proposals for successfully implementing the conference's operational program from LLDCs, transit countries, all UN member states, and development partners. Honorable President of the Assembly, The UN's IV World Conference on Women in Beijing in 1995 declared, "Women's rights are human rights, and human rights are women's rights," establishing a significant goal for eliminating gender barriers worldwide. We Mongolians have long cherished a culture and tradition of respecting and honoring women. Our history is filled with influential women participating in our nation's social and political affairs. This good tradition and cultural heritage continue to strengthen and develop, with Mongolia remaining a leading Asian nation in promoting gender equality. Mongolia's first constitution was the first in Asia to ensure equal rights and the right to vote and be elected for women. This year, we celebrated the centennial anniversary of the establishment of the Mongolian Women's national organization. Crossing this historical milestone, we introduced legal and policy reforms in 2023 to increase women's participation in social and political decision-making processes. As a result, recent parliamentary elections saw women elected to 25.4% of the total members, surpassing the Asian average of 21.2%. Moreover, Mongolia successfully hosted the Global Women's Summit this August in Ulaanbaatar, in cooperation with the UN, under the theme "For a Green Future." The summit brought together leaders from government, international organizations, and female pioneers from five continents in social, economic, and cultural fields. During the summit, many creative proposals and experiences for enhancing women's roles and contributions within sustainable development goals were shared, and the "Ulaanbaatar Declaration for a Sustainable Future" final document was adopted. Mongolia will continue to actively work on the agenda set by the Global Women's Summit and on promoting gender equality and empowering women. Honorable President of the Assembly, esteemed guests and delegates, The UN General Assembly is the most significant and respected platform for promoting the ideals, desires, and aspirations for global peace, security, human well-being, and development. Mongolia has consistently supported member states' aspirations and efforts to reform the UN Security Council into a fair, inclusive, transparent, effective, democratic, and accountable system. We will steadfastly support strengthening the UN's leading role and coordination in world affairs. Our country believes that any international challenges, misunderstandings, and disagreements should be resolved through mutual understanding, trust, respect, and dialogue, within the framework of international law. Therefore, we call upon the leaders of states and governments, distinguished delegates, to demonstrate exceptional leadership and contribute to strengthening trust, mutual respect, and cooperation among nations. May eternal peace and tranquility prevail over the blue sky, and may humanity be blessed forever. Thank you for your attention."

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Infrastructure

H. Nyambaatar: Construction of the Inner-city Highway Begins in 2025

Published: 2024-09-26 | Translated from: montsame.mn

New construction projects are underway to build new roads and bridges from Yarmag in Khan-Uul District to the city center. An example of this is the opening of the 2.8 km road and bridge from Naadamchdyn Road to Energy Street. During this event, Mayor H. Nyambaatar provided information on upcoming infrastructure works in Ulaanbaatar, including the construction of new roads scheduled for 2025. He stated, "The opening of the new Yarmag bridge is reducing the load on the old bridges of Sonsgolon and Yarmag. Next year, a bridge will be constructed starting from the northern end of Energy Street, crossing north of Kharkhorin, connecting Peace Avenue with Naadamchdyn. Also, Ulaanbaatar will begin the inner-city highway project. A six-lane, 33 km highway along the northern bank of the Tuul River from Bayanzurkh checkpoint to Darkhan highway is planned out. The budget will be approved by the city council this December." “By overcoming many existing issues, these projects will alleviate congestion. Temporary measures like limiting car numbers and regulating traffic are not sufficient solutions. Administrative, legal decisions will be made, with investments in second-level roadways or ring roads, metro systems, and special BRT bus lanes being planned according to the agenda,” he added. From the experience of countries that have reduced traffic congestion, ring roads or second-level highways within the city are common solutions. Therefore, in 2025, Ulaanbaatar will begin the construction of its first second-level highway. Before this, all current first-level roads are planned to be renewed by June 1, 2025. Additionally, a consulting tender has been announced for connecting a semi-circular ring road to the Tuul highway, the UB city administration's development planning division reported.

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Kh. Nyambaatar: Highway Construction to Begin in 2025

Published: 2024-09-26 | Translated from: isee.mn

Today, the 2.8 km road and bridge structure from Naadamchdyn Road to Energy Street was opened to traffic. During the event, city mayor Kh. Nyambaatar provided information on the construction developments in Ulaanbaatar and the new roads to be built in 2025. Specifically, Mayor Kh. Nyambaatar stated, "Next year, we will begin constructing a bridge structure starting from the northern end of Energy Street, passing north of Kharhorin, and connecting Peace Avenue to Naadamchdyn. Additionally, we will initiate the construction of a highway within Ulaanbaatar itself. A project design has been developed for a 33 km, 6-lane highway running alongside the northern bank of the Tuul River from Bayanzurkh toll gate to the Darkhan highway. Preparations are underway to approve the budget for these projects through the City Council this December. Overcoming numerous challenges to accomplish these tasks will lead to congestion reduction. Temporary measures like number restrictions and traffic regulations won't solve traffic jams. Administrative and legal decisions are being made, and investments in a secondary highway level, including a ring road, metro, and dedicated BRT lanes, will be executed according to the plan."

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PHOTO: The "New Yarmag Bridge" capable of accommodating 23,000 cars per day will open today

Published: 2024-09-26 | Translated from: isee.mn

The construction work of the bridge that will connect Yarmag Road with the First Neighborhood began last year. The construction is being undertaken by three companies: 'Motor Service' LLC, 'Tuul's Bridge Ocean' LLC, and 'Terguun Sarul Zam' LLC, with the road construction work being done by 'Total Inj' LLC. Three sections of the bridge are planned within the project, with the first bridge being 36.7 meters long. This section is being built over a branch of the Tuul River, the next bridge is 391.5 meters long, and the third bridge is 54.8 meters long and is being constructed over the Dund River. The new bridge connecting Yarmag Road to TEC-4 is set to open today. With two lanes in each direction, it is estimated to accommodate 23,000 vehicles per day.

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Bridge Opening Today Connecting Yarmag's "Nomin" Store with "TETS-IV" Road

Published: 2024-09-26 | Translated from: gogo.mn

The six-lane, two-way road and bridge structure, connecting Yarmag's "Nomin" store with the "TETS-IV" road on Energy Street, will open for traffic at 14:00 today. In this context, Mongolia's Prime Minister L. Oyun-Erdene, the Mayor of the city and Governor of Ulaanbaatar Kh. Nyambaatar, and other relevant officials worked at the location. The construction of this bridge began in 2022, and the road work started in August 2023. Today, the roadway section was opened to traffic. The pedestrian pathways, bicycle lanes, and lighting work will be completed within this year. The road and bridge structure is 2.84 km long, from Yarmag's road to the "TETS-IV" road. Mayor Kh. Nyambaatar stated: "We plan to construct key roads in four stages by 2027, such as the first section of the street connecting Naadamdchid street with Peace Avenue, the railway underpass of the Geological Central Laboratory, the second section of the street connecting Naadamdchid street with Peace Avenue, and the new Yarmag road. The first section of the street connecting Naadamdchid street with Peace Avenue is this bridge structure and road that is opening today." Furthermore, they will build the road from Energy Street to Peace Avenue. This road intersects with Energy Street and is planned to be about 1.6 km long with 6 lanes of asphalt concrete pavement. Currently, the feasibility study has been completed, and preparations to start the road construction are underway. Around 16,000 vehicles travel from Yarmag to the city center during peak hours. When these four infrastructure projects are implemented, the traffic load of vehicles traveling from the Yarmag area to the city center will be reduced by half," he added. The following tasks were completed in the construction of the 2.84 km long road and bridge structure: - 13 plot units affected by the road strip were cleared; - 000 cubic meters of soil stripping was performed; - 000 cubic meters of embankment filling was established; - Two layers of load-bearing geo-grid were laid on the embankment; - 8000 meters of stone curb were installed; - 20000 cubic meters of crushed stone base were established; - 8 thermal pipes with diameters between 800mm and 1000mm were renewed and placed in an access conduit at 3 points; - 510 meters of clean water pipe were placed in an access conduit. Press, Information, and Public Relations Department of the City Government (NUBHA)

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Six-lane, 33 km Expressway Along the North Bank of the Tuul River to Connect Nalaikh and Darkhan

Published: 2024-09-26 | Translated from: ikon.mn

Today, plans for upcoming improvements in the road sector of Ulaanbaatar city were revealed. Specifically, the design and project for the first city center expressway in the middle of the city, a six-lane, 33-kilometer road along the north bank of the Tuul River, have been approved. The budget for this will be included in the capital's budget for 2025, confirmed in December. Meanwhile, a tender for consultant services for the ring expressway has been announced. The city's first expressway will stretch from the end of the Nalaikh road, continue along the north bank of the Tuul River, and join the Darkhan expressway. The newly constructed road will have interchanges and exits along its route. Once the Tuul expressway is operational in 2025, it will transition to a toll road model. Over the next four years, the state budget and bonds will provide an investment of 30 trillion MNT in the capital. These funds will be used to connect all bridges, improve road standards, build the 33-kilometer expressway along the Tuul River, connect the city center to the Khushig Valley via tunnel, purchase public transport buses, and improve the quality and accessibility of metro, LRT/special bus road transport, and public transport. The upgrade of Ulaanbaatar's roads to a unified level is expected to be completed by June 1, 2025, and will not be renewed for the next 10 years. Traffic congestion will not be resolved through temporary measures such as vehicle number limitations or traffic regulation. The installation of public transport systems, including metro, LRT/light rail transit, and BRT/special bus road transport, is proceeding according to the development and investment plans, announced the leaders of Ulaanbaatar city and the Prime Minister today. Warning: When using our information in any form (television, radio, social media, or websites), please ensure to credit the original source (ikon.mn).

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Environment

U.Khurelsukh: If Global Warming Continues, Humanity Will Face the Choice of Existence or Non-Existence

Published: 2024-09-26 | Translated from: itoim.mn

We present the full speech given by the President of Mongolia, Ukhnaagiin Khurelsukh, at the General Debate of the 79th session of the UN General Assembly. "Distinguished President of the General Assembly, honorable Secretary-General, esteemed guests and delegates, ladies and gentlemen, First of all, I would like to extend my heartfelt congratulations to Mr. Philemon Yang Tahn, President of the 79th session of the UN General Assembly, and wish the session great success. Whenever I participate in the General Assembly sessions, I am always drawn to the sculpture "Conscience" created by a renowned Mongolian artist that stands in the UN headquarters' garden. Each time I visit this sculpture, I am reminded of the deep responsibility, conscience, and dignity we must uphold before the history of humanity and the future generations. This deeply meaningful sculpture was created as a symbol of the historical time when the nations of the world adopted the "2030 Agenda for Sustainable Development" and set the goals of the Paris Agreement on climate change. During my recent visit, this magnificent work seemed to be standing silently, demanding accountability for the goals and promises we have made for the future generations. Regrettably, as we approach the time to evaluate the implementation of these documents we have adopted, our efforts, achievements, and results remain inadequate. The UN Secretary-General, António Guterres, has initiated and organized a "Summit of the Future" to reassess the current situation, reinvigorate the implementation of programs, and intensify our activities. During this summit, held just two days ago, we discussed and determined our policy goals and cooperation framework on sustainable development, science, technology, innovation, youth, and governance reform. I am pleased to note that Mongolia actively participated in formulating documents such as the "Pact for the Future," the "Declaration on Future Generations," and the "Global Digital Compact." It is now time for us to diligently strive to implement these initiatives collaboratively with the countries of the world. I am pleased to see that heads of state and government and their representatives are deeply aware of this and are expressing their views and positions from this honored platform. Distinguished guests and delegates, Human life is evolving rapidly and interdependently with the advancement of technology and the digital age. However, narrow interests, extreme ideologies, distrust, misunderstanding, and disrespect mean that conflicts, armed conflicts, and wars persist in many parts of the world, and geopolitical tensions are increasing. Mongolia considers strengthening multilateral cooperation based on international law and the UN Charter as a key way to ensure international peace and security. Dialogue, mutual understanding, and trust are seen as the foundation of global stability and peaceful coexistence. To establish peace, combat climate change, protect public health, reduce economic inequality, and establish justice, the international community must propose intelligent solutions, experience the changes and tempo of our times, and conduct creative cooperation. This year is a great year of choices, with presidential and parliamentary elections held in over 60 countries and nearly half of the world's population casting their votes. It is also pleasant to note that Mongolia successfully held its regular parliamentary election within the legal framework, which was highly praised by domestic and international observers and organizations. Mongolia has always aimed to contribute to the international community's efforts for global peace, security, and sustainable development. As part of this effort, Mongolia has established diplomatic relations with all UN member states and strives to strengthen and develop amicable relations and cooperation with all countries of the world. As a country adhering steadfastly to a "peace-loving, open, independent, multi-pillar" foreign policy, Mongolia respects the history, cultures, civilizations, religions, and national fundamental interests of all nations, and seeks to build international relations based on a multipolar principle. Therefore, Mongolia strictly adheres to the principle of the UN Charter against the use of force against the territorial integrity and independence of any country. We aim to resolve disputes and conflicts through diplomacy rather than conflict, unity rather than hostility, and cooperation rather than division. We call on the nations of the world to work steadfastly together for global peace and security. The Mongolian people have a history of seeking peace and resolving issues through dialogue. For centuries, the Great Khans of Mongolia employed political and diplomatic methods such as sending and receiving envoys, signing treaties, and negotiating with both neighboring and distant countries, allies and adversaries. This remains a core principle of Mongolia's foreign policy today. The historic "gerege," which served as the forerunner of the modern diplomatic passport, is a testament to this. It is preserved at the UN headquarters as a valuable historical artifact. In 2000, UN Secretary-General Kofi Annan stated that the 'gerege' is a precious legacy from the Mongols to the global community. The wisdom of our ancestors has much to teach us today. Our ancestors' ideals of maintaining peace and harmonious coexistence convey a progressive notion that serves as the foundation for the current efforts to protect world peace and stability. In today's world, geopolitical tensions are deepening, wars are raging, and the threat and danger of nuclear weapons are resurging. This greatly concerns humanity. The efforts of countries to prevent the proliferation, reduction, and elimination of nuclear weapons should not be in vain. Mongolia has made tangible contributions by establishing and recognizing a nuclear-weapon-free status and continues to commit to a policy and activities free of nuclear weapons. Our country calls on all nations to work together to ensure peace and stability and, in particular, to create a world free from nuclear threats. We propose organizing a special conference on this issue within the framework of the UN. Distinguished President of the Assembly, Mongolia greatly values the role and participation of UN peacekeepers, the 'blue helmets,' who courageously serve for global peace and security without regard for their lives. We have made tangible contributions to this mission. Due to various factors, including international terrorism, extremist acts, and the growing number of refugees, the blue helmets are undertaking more complex tasks in increasingly challenging circumstances. In the past, over 4,370 UN peacekeepers, soldiers, police, and civilian staff have lost their lives while performing their duties—something we must never forget. Despite having a relatively small population, Mongolia has sent more than 20,000 peacekeeping troops to global hotspots over the last 20 years, contributing to peace and security for humanity. Under the UN Security Council's Women, Peace, and Security program, Mongolia is aiming to enhance the effective participation of women in UN peacekeeping operations. Currently, 11% of our peacekeepers are women. I am confident that the UN Peacekeeping Department and other troop-contributing countries will fully support this initiative. Distinguished President of the Assembly, esteemed guests and delegates, In recent years, the rapid development of information and communication technology has significantly influenced human daily life and may fundamentally alter the course of civilization. In response, the international community has intensified discussions on information and communication technology and artificial intelligence. Our recently adopted "Global Digital Compact" is a timely and crucial step forward. Mongolia strives to keep pace with the development of information technology and actively participates in international resolutions, documents, and discussions on this matter, attaching great importance to them. In March of this year, the UN General Assembly adopted a resolution urging member states to ensure the reliability and security of artificial intelligence, marking a significant milestone. To accelerate the implementation of sustainable development goals, countries must pursue policies to support economic diversification, energy and digital transitions, mitigate the negative impacts of climate change, enhance resilience, and improve access to basic social services like education and healthcare. They focus on employment, food supply, and safety. On the other hand, global debt accumulation has reached unprecedented levels, with the debt service payments of developing countries exceeding their loan intake, narrowing the fiscal space for achieving the sustainable development goals. Mongolia fully supports the international community's efforts to not only ensure debt sustainability but also fundamentally reform the global financial system. Distinguished guests and delegates, In the early years of the 21st century, ideological differences, system conflicts, and traditional military threats that divided the world became history, while climate change, pandemics, terrorism, cybercrime, and refugee issues became the focus of attention. However, this situation has dramatically changed in recent years, with traditional threats resurfacing and negatively impacting global security and sustainable development. In other words, the simultaneous and overlapping nature of traditional and non-traditional threats requires the world's nations to pay special attention and strengthen their collaborative efforts. Particularly, global warming and climate change have extended beyond the realm of nature, meteorology, and the economy, exacerbating sensitive social issues, resource disputes, and migration, creating numerous direct and indirect dangers and risks. If this situation continues for an extended period, the choice for humanity may not be between development and stagnation but between existence and non-existence. We must, therefore, carefully assess the situation, introduce smart solutions and new technologies to address the challenges posed by climate change, share best practices, and work together. The Mongolian people are descendants of nomads, and we continue to preserve and cherish this unique cultural heritage and tradition. The core of our nomadic civilization is precisely the green development philosophy of cherishing and protecting nature, wisely enjoying its benefits, and preserving and protecting the balance between humans and nature. This means that we Mongolians have a wealth of traditional knowledge and initiatives regarding green development. Therefore, as part of implementing sustainable development goals, Mongolia successfully implements national movements and programs such as "Vision-2050," "One Billion Trees," "Food Supply and Security," "Healthy Mongolian," and "E-Mongolia." These can be considered our contributions to achieving the sustainable development goals at the international and regional levels. Moreover, the UN General Assembly adopted the resolution "Proclaiming 2026 as the International Year of Pastoralism and the Pastoral Livestock Sector" initiated by Mongolia. We are preparing to host the 17th Conference of Parties to the UN Convention to Combat Desertification in 2026 in Ulaanbaatar. We are confident that the international community and all member states will support and collaborate with us. Distinguished President of the Assembly, Given Mongolia's unique location on the high plateau of Central Asia, with its harsh climate and lack of access to the sea, we have paid special attention to the issues of similar countries. We have actively participated in defending our interests and articulating our voice globally. During 2023-2024, Mongolia co-chairs with Austria the Intergovernmental Committee preparing for the Third UN Conference on Landlocked Developing Countries (LLDCs), successfully discussing the draft outcome document with member states. I am pleased that the Program of Action draft, to be adopted at the conference in Botswana this December, includes specific goals and measures to guide the development of LLDCs for the next decade. We call on LLDCs and transit countries, as well as all UN member states and development partners, to participate at a high level and actively discuss and present ideas to successfully implement the Program of Action at the Third UN Conference on LLDCs. Distinguished President of the Assembly, In 1995, the Fourth World Conference on Women in Beijing declared that women's rights are human rights and vice versa, setting a major global goal to eliminate obstacles to gender equality. Mongolians have long cherished women, with a tradition of respecting Mongolian queens and women who have historically played key roles in governance and social affairs. This wonderful tradition and cultural heritage are continually evolving, establishing Mongolia as a leader in gender equality in Asia. Mongolia was the first in Asia to ensure women's equality and voting rights by adopting the First Constitution, and the 100th anniversary of the establishment of the Mongolian women's national organization is being celebrated this year. On the historic milestone of this anniversary, legal and policy revisions were made in 2023 to increase women's participation in social and political decision-making. As a result, in the recent parliamentary election, women elected made up 25.4% of all members, surpassing the Asian average of 21.2%. In August of this year, Mongolia successfully organized the World Women's Conference in Ulaanbaatar with the theme "For a Green Future," in collaboration with the UN. Leaders from government, international organizations, and female leaders in social, economic, and cultural fields from all five continents gathered to propose creative ideas and share experiences, with a focus on increasing women's participation and contribution in the economy, environment, climate change, food security, education, sport, culture, and the arts within the sustainable development goals framework. The conference concluded with the adoption of the "Ulaanbaatar Declaration for Sustainable Future," which I am pleased to highlight. Mongolia will continue to actively work on the outcomes of the World Women's Conference and in the field of gender equality and women's empowerment. Distinguished President of the Assembly, esteemed guests and delegates, The UN General Assembly is the most important and honorable platform to convey the ideas and aspirations for world peace, security, and the well-being and development of humanity. Mongolia has consistently supported the aspirations and efforts of member states to reform the UN Security Council into a more equitable, inclusive, transparent, efficient, democratic, and responsible system. We will also steadfastly support strengthening the primary role and coordination of the UN in global affairs. Our country believes that all international difficulties and misunderstandings should be resolved through mutual understanding, mutual trust, mutual respect, and dialogue while adhering to international legal norms. Therefore, I call on all heads of state, esteemed delegates, and representatives to provide exceptional leadership and make a tangible contribution by building trust, mutual respect, and cooperation among the nations of the world for global peace, security, and sustainable development. May eternal peace and harmony prevail in the world and among humanity. Thank you for your attention."

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Expressing Special Attention to Environmental and Green Development Cooperation with Mongolia

Published: 2024-09-26 | Translated from: montsame.mn

During his participation in the general debate of the 79th session of the United Nations General Assembly, the President of Mongolia, U. Khürelsükh, received Achim Steiner, Administrator of the United Nations Development Programme (UNDP). President U. Khürelsükh expressed his satisfaction with the cooperation being developed with the UNDP and emphasized Mongolia's commitment to accelerating the implementation of the Sustainable Development Goals. He expressed steadfast support for the cooperation underway between Mongolia and the UNDP in many areas such as good governance, desertification, climate change, green transition, energy transition, empowering women, gender equality, and protecting the interests of landlocked developing countries. UNDP Administrator Achim Steiner supported the proposals and initiatives put forward by the President of Mongolia and expressed his intention to expand cooperation with Mongolia, particularly paying special attention to collaboration in environment and green development. He especially highlighted the "White Gold" program, initiated by the President of Mongolia, aimed to bring animal-derived raw materials into economic circulation and produce value-added export products, and discussed the possibilities of cooperation within the framework of this program. Furthermore, it was noted that the World Women's Summit, organized in Ulaanbaatar under the auspices of the President of Mongolia this past August, had been a timely and successful conference that addressed common issues of women worldwide, initiated broad and practical discussions, and gained recognition as a significant event. The main ideas of the "Ulaanbaatar Declaration for a Sustainable Future" adopted by the summit were reflected in the documents approved by the "High-Level Meeting on Future Issues" held in New York. President Khürelsükh expressed his satisfaction with the support and collaboration extended by the UNDP in organizing the World Women's Summit in Mongolia.

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Illegal mining operations discovered and halted using drones

Published: 2024-09-26 | Translated from: ikon.mn

Illegal operations involving heavy machinery for mineral extraction have been uncovered. As part of the "Eco-2024" initiative, the Police Department of the Selenge Province, in collaboration with the Ecological Police Department, conducted an inspection in the Khuder district, exposing groups of individuals using heavy machinery for unlawful mineral extraction at three locations. Equipment involved in the illegal operations included 10 excavators, 4 portable residences, 4 traditional Mongolian yurts, and two Zil-131 trucks, which have been removed from the area pending further investigation. The inspection site presented significant natural obstacles such as mountains, waters, and forests, making access by vehicles challenging. To counter these difficulties, the police employed advanced technology, including geographical maps from satellite data and drones like the "DJ Matrice 350" equipped with thermal sensors and motion detectors, to locate the damaged sites and machinery affected by illegal activities, thus preventing and halting such crimes. Regulations concerning such offenses in Mongolia fall under Article 24.2 of the Special Part of the Criminal Code, stipulating penalties including fines ranging from 5.4 to 27 million Mongolian tögrög, or imprisonment from 1 to 5 years for individuals; while legal entities may face suspension of certain activities and fines between 20 to 120 million tögrög. Source: Ecological Police Department Warning: Media organizations (Television, Radio, Social and Web pages) must cite this source (ikon.mn) when using our information in any form, in whole or in part.

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Illegal Mining Activities Detected by Drone

Published: 2024-09-26 | Translated from: gogo.mn

The Ecological Police Department, in collaboration with the Selenge Province Police Department, conducted a joint inspection as part of the "Eco-2024" initiative in the territory of Khuder soum of the province. Individuals were found illegally mining minerals using heavy machinery in three locations, and the police seized 10 excavators, 4 portable houses, 4 Mongolian yurts, and 2 Zil-131 vehicles, which were being used for the illegal operations, and have organized an investigation. The inspection was carried out in an area surrounded by mountainous terrain, rivers, and thick forests, which made it difficult for vehicles to access. Therefore, the police used advanced technologies such as satellite imagery, thermal and motion detection with “DJ Matrice 350” drones, to determine the areas and locations of the illegally altered land and equipment. This initiative is part of efforts to prevent and stop such crimes. Legal regulations for this type of crime are outlined in Article 24.2 of the Special Part of the Criminal Code of Mongolia. Individuals who commit crimes by illegally searching, exploiting, or extracting minerals are subject to fines ranging from 5.4 to 27 million Tugriks or imprisonment from 1 to 5 years. Legal entities may have their rights to engage in certain activities revoked and are subject to fines ranging from 20 to 120 million Tugriks. The Ecological Police Department, as part of the "Eco-2024" initiative, conducted a joint inspection with the Selenge Province Police Department in the territory of Khuder soum. Groups of individuals using heavy machinery to illegally mine minerals in three locations were detected, and their operations were shut down, with the seizure of 10 excavators, 4 portable houses, 4 Mongolian yurts, and 2 Zil-131 vehicles for investigation. This inspection was conducted in an area with difficult access for vehicles due to surrounding mountains, rivers, and forests. Therefore, the police utilized advancements in technology such as satellite imagery and “DJ Matrice 350” drones equipped with thermal sensors and motion detectors to identify the altered land and equipment locations and stopped such criminal activities. Regulations of this type of crime are outlined in Article 24.2 of the Special Part of the Criminal Code of Mongolia. Those caught illegally searching, exploiting, or extracting minerals face fines between 5.4 and 27 million Tugriks, or imprisonment from 1 to 5 years. Companies can have their operational rights revoked and face fines from 20 to 120 million Tugriks.

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Innovation

8 Types of Incentives for IT Companies Registered in Virtual Zones

Published: 2024-09-26 | Translated from: montsame.mn

According to the Law on Supporting the Information Technology Industry, IT companies are eligible for the following incentives: - Grant for financing the costs of patenting IT products domestically and internationally; - Compensation for social insurance payments made by IT manufacturers registered in virtual zones; - Full or partial grant for financing the costs of international quality and standard certification of IT products aimed at export; - Grant for the remaining share if 60% or more of the total cost of artificial intelligence projects and activities is financed by own funds; - Awards and incentives for patent holders who have created products and services based on advanced technology; - Offering loan guarantees; - One-time support equal to up to 70% of the research and development costs for domestic IT startups for products and services registered for export and intellectual property; - Offering concessions on financing a certain percentage of the interest on loans taken to implement IT product and service projects, as reported by the Communications and Information Technology Authority.

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Implementing Cloud Computing Infrastructure in Government Agencies to Save Budget

Published: 2024-09-26 | Translated from: montsame.mn

Minister of Digital Development, Innovation, and Communications Ts. Baatarkhuu has received Ms. Mara K. Warwick, the Director of the World Bank for Mongolia, China, and South Korea, and Tae-hyun Lee, the World Bank's Resident Representative in Mongolia, along with representatives of the "Smart Governance-2" project team. At the beginning of the meeting, Ts. Baatarkhuu mentioned that the Ministry's role in innovative issues has increased according to the new government's structure and responsibilities, which will clarify its priorities. Specifically, they are preparing to present several new legislative proposals about artificial intelligence, drones, and space law. He stated, "In the United Nations' biennial E-Government Development Index, Mongolia has moved up 28 places this year, ranking 46th out of 193 countries. According to the Cyber Security Index published by the International Telecommunications Union, it has advanced 17 places. We believe that the 'Smart Governance-2' project will contribute to our country's digital economic development." Ms. Mara K. Warwick noted that "The World Bank has recently changed its priority to digital development. Therefore, it will not only support investments but also localize the world's best practices. In other words, it will provide all necessary support for Mongolia to collaborate with international organizations." The "Smart Governance-2" project of the World Bank is planned to be implemented between 2023 and 2027, organizing over 40 projects and activities within three objectives. Specifically, it will create a digital transformation environment, improve infrastructure, and prepare and capacitate human resources to develop the digital economy. In doing so, it plans to create at least 3,000 jobs based on digital technology, improve the quality and accessibility of state e-services, and conform them to human-centered, citizen-friendly service standards. In addition, cloud computing infrastructure will be implemented in government agencies to save budget. The Ministry of Digital Development, Innovation, and Communications announced that the digital skills of 13,000 targeted citizens will be increased by 30%, with 60% of them being women.

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Health

SOS: The Tragedy of the Healthcare Sector

Published: 2024-09-26 | Translated from: news.mn

In Mongolia, the sectors in dire need of reform are healthcare and education. Recently, issues surrounding the education sector have captured public attention. Specifically, the sector is facing a shortage of human resources, and the measures taken to address this have divided society. However, this problem is not confined to just one sector. The next looming crisis is in the healthcare sector. Since the WHO declared the global spread of COVID-19 in 2020, Mongolia has started paying attention to its long-neglected healthcare system. Despite the investments made in healthcare, real issues remain unresolved. In the past four years, an investment of 833.7 billion MNT has been made in the healthcare sector, with 57% allocated for infrastructure, 36% for equipment, and 7% for major repairs. There are over 4,500 healthcare institutions operating in Mongolia, with approximately 14,000 doctors and over 56,000 healthcare workers serving the population's health, according to the Minister of Health. According to statistics, female doctors comprise 77.3% (11,585), while male doctors account for 22.7% (3,394). Of the doctors, 66% work in Ulaanbaatar city, and 34% work in rural areas. In terms of hospital type, 39.3% of doctors work in private hospitals, 19.8% in provincial and district general hospitals, regional diagnostic and treatment centers, and the National Center for Public Health, 16.9% in family and soum health centers, 13% in other healthcare institutions, and 11% in specialized hospitals and centers. However, based on real life rather than statistics, the healthcare sector has been experiencing a long-standing shortage of human resources. There is a nationwide shortage of specialized doctors, which has been discussed for years but remains unresolved. As a result, citizens have grown accustomed to the negative consequences. The number of patients per doctor has exceeded reasonable limits. For example, a district specialist doctor is supposed to see 10-20 patients a day but is seeing around 40, leading to an unsustainable workload, according to official sources. Moreover, when there is no doctor available for a specific examination, there is no substitute, causing citizens to wait for hours. Announcements on Facebook and ad sites are filled with "Professional doctor wanted" ads. However, due to a lack of responses, these ads are renewed weekly. This situation is partly due to the low salaries of doctors and partly due to the heavy workloads. STATISTICS: MONGOLIAN DOCTORS EARN 71 TIMES LESS THAN THE WORLD AVERAGE There are many cases of doctors who have worked in their profession for many years opting to go to South Korea for labor jobs to support their families. As of 2022, the average salary of doctors nationwide is 1.3 million MNT or 370 USD per month, which totals to 4,440 USD annually. By 2024, the average salary is expected to rise to 1.4 million MNT or 411 USD per month, equaling 4,942 USD annually. In comparison, the average annual salary of doctors in other countries is much higher: - Switzerland: General doctors earn 116,000 USD annually, equivalent to a monthly salary of 33 million MNT. - Ireland: General doctors earn 90,000 USD annually, with specialists earning 143,000 USD. - Canada: General doctors earn 107,200 USD annually, with specialists earning 161,000 USD. - Germany: General doctors earn 214,000 USD annually, with specialists earning 222,000 USD. - USA: General doctors earn 299,000 USD annually, with specialists earning 329,000 USD. The country with the highest doctor salary is Luxembourg, with an annual salary ranging from 378,000 to 352,000 USD. In Mongolia, a doctor's annual salary does not even reach 5,000 USD. Over 70% of healthcare sector employees are in debt in some form. As of 2022, 42% of doctors are renting, 35% live in gers, 5.5% in someone else's side room, and 17.5% own their own apartment. Beginning April 1st of this year, the salary of doctors and medical staff was increased by 10%, and the salary of general service workers was increased by 20%. The allowance for rural areas will be increased to 40% in soums and 20% in provinces and remote districts of Ulaanbaatar like Baganuur, Nalaikh, and Bagakhangai, according to the sector's minister. Additionally, some doctors and medical staff working in zoonotic disease centers will receive a conditional increase of 30%. However, as prices increase daily in Mongolia, it is imperative to not only retain current staff but also to consider new graduates. Medical students and young doctors are increasingly uninterested in working and living in Mongolia. Most of them plan to work abroad after graduation. Continuing to work in their profession in Mongolia seems very difficult for them. Despite abundant job opportunities, when they consider the working conditions and salaries, it's insufficient to sustain their living. Therefore, they prefer working where their efforts are valued. GRADUATES' FEAR: WORKLOAD, SALARY Some graduating students have been planning over the last two years to study or work abroad after graduation. The reason is that working in Mongolia does not meet their basic living needs, and they refuse to compromise their health for low pay. Every year, an average of 4,455 students graduate in medicine. However, these graduates are not entering the job market. Despite the number of graduates, the healthcare sector faces a human resource shortage, which is tragic. As previously mentioned, Mongolia has made significant investments in healthcare since the pandemic. However, real issues remain unresolved. A single healthcare sector head draws a salary many times that of a doctor and has a private business, while citizens wait for hours at the doctor's door, exhausted. As the education sector suffers from a lack of teachers, and the minister attempts to manage with temporary 45-day courses, the healthcare sector, which directly impacts lives and health, is also understaffed, putting citizens at risk of financial, time, life, and health losses while waiting at hospital doors, according to Minister T. Munkhsaikhan. As a sector minister, it is crucial to pay special attention to this issue, or a fate more tragic than that of the education sector awaits us.

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Engineer T. Batmunkh Claims Currency Found at His Home Was Saved for Medical Treatment Abroad

Published: 2024-09-26 | Translated from: isee.mn

During a recent search conducted by the Criminal Police at the workplace and private residence of T. Batmunkh, the Chief Engineer of "Erdenet Corporation," a substantial amount of U.S. dollars and antique items were discovered. These findings were part of an investigation into T. Batmunkh, who had previously been involved in a case regarding the acquisition of a "Lexus-570" vehicle, registered to "Erdenet Corporation," through suspicious means. It was reported that T. Batmunkh explained the large sum of foreign currency found at his residence as money he had saved for medical treatment abroad. This investigation is still ongoing. In the interim, T. Batmunkh continues to fulfill his duties as Chief Engineer of "Erdenet Corporation." Furthermore, an antique snuff box, previously owned by the revered Gobi saint D. Danzanravjaa, was recovered and is being held as evidence in the investigation. We will keep you updated on the outcome of this case as more information becomes available.

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The Initiative to Supply Affordable, High-Quality Medicines to Begin Next Month

Published: 2024-09-26 | Translated from: gogo.mn

Minister of Health T. Munkhsaikhan is currently on a working visit to South Korea. The Ministry aims to improve the quality and safety of human medicines used in Mongolia and is working towards supplying high-quality and effective medicines at reasonable prices. As part of this effort, the Ministry announced that it is actively engaging in negotiations with manufacturers from countries recognized by the World Health Organization for their high level of pharmaceutical regulation and oversight. During the visit, Minister T. Munkhsaikhan held several meetings with leading pharmaceutical companies. For instance, the Embassy of Mongolia in South Korea organized an extended meeting with the leadership of the Korean Pharmaceutical and Bio-Pharmaceutical Manufacturers Association and its affiliated manufacturers. During this event, Minister T. Munkhsaikhan introduced the participants to the policy measures the state will implement in the healthcare sector, particularly in the pharmaceutical supply sector, and held specific bilateral meetings with some manufacturers. The Ambassador of Mongolia to the Republic of Korea, S. Sukhbold, and other officials participated in these meetings. Negotiating medicine prices with manufacturers will enable the supply of highly effective medicines at affordable prices, which is crucial for reducing the state's expenditure on medicines and improving the quality of medical services. Initially, the plan involves providing discounted prices from the Health Insurance Fund for medicines used in the healthcare services for hospitalized patients in state health institutions and creating conditions to import certain widely used medicines into Mongolia through public-private partnerships.

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Sports

World Wrestling Federation Ranking Points Tournament to be Held in Mongolia

Published: 2024-09-26 | Translated from: ikon.mn

The United World Wrestling Federation (UWW) has announced the schedule for major competitions to be held next year. Previously, it was announced that the World Championships for Adults will be held in Zagreb, Croatia, from September 13 to 21 next year. Schedule for World Championships for all ages: - U17 World Championships: Athens, Greece (July 28-August 3)
- U20 World Championships: Sofia, Bulgaria (August 18-24)
- U23 World Championships: Novi Sad, Serbia (October 20-26)
- Veterans World Championships: Budapest, Hungary (October 7-12)
Additionally, four ranking points tournaments were announced. To simplify the schedule, the UWW has decided not to change the organizers of the ranking tournaments until 2027. Schedule for the 2025 ranking points tournaments: - 1st Ranking Series: Zagreb, Croatia (February 5-9)
- 2nd Ranking Series: Tirana, Albania (February 26-March 2)
- 3rd Ranking Series: Ulaanbaatar, Mongolia (May 29-June 1)
- 4th Ranking Series: Budapest, Hungary (July 17-20)
For the Olympic year of 2028, the ranking points tournaments will be held in Zagreb, Croatia, and Budapest, Hungary. Additionally, next year's Asian Championships will be held in Amman, Jordan, from March 25 to 30. Disclaimer: Media organizations (Television, Radio, Social, and Web pages) must credit the source as (ikon.mn) when using our information in any form or part.

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Arts

Behind the Scenes: The Film Council rejects "Becoming a Bear" for Oscars Participation

Published: 2024-09-26 | Translated from: isee.mn

On September 24, 2024, the Mongolian National Film Council convened to select a film to participate in the Academy Awards ceremony in the United States. Among the contenders were “Becoming a Bear” directed by P. Zoljargal and “Driver of the Silent City” by J. Sengedorj. However, the council decided not to select any film for this year. Essentially, the Mongolian National Film Council resolved not to send any Mongolian films to the preliminary selection stage of the Oscars this year. Director P. Zoljargal expressed his frustration regarding this decision. He stated, "As soon as the Mongolian National Film Council announced the selection, in August, I submitted a request for 'Becoming a Bear' to represent Mongolia at the 97th Oscars ceremony. On the 24th of this month, I was informed that it could not participate in the preliminary selection. 'Becoming a Bear' meets all the criteria. I view the decision of the Mongolian National Film Council not to accept or tolerate the true voice depicted in 'Becoming a Bear' as an act of censorship." Some sources from the Mongolian National Film Council explained their reason for not selecting the film. According to them, "The film participating in the Oscars should highlight Mongolia’s unique features, advantages, and enhance its reputation. However, 'Becoming a Bear', with its theme about hibernating like a bear due to winter smog, portrays Mongolia negatively to foreign countries. Therefore, the council decided to abstain from selecting any film this year. The council consists of 11 members who vote secretly after viewing the films. The majority did not support selecting a film, so it was decided accordingly." Specifically, every country is allowed to submit one film to the preliminary selection for the "Best International Feature Film" category at the Oscars, representing their nation. The above discussions explain the controversial decision made by the council.

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Today's Stories

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Politics

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Economy

Bank of Mongolia: Rise in Imports is Concerning

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Credit Rating Opens New Opportunities for Government and Private Sector

Credit Rating Opens New Opportunities for Public and Private Sectors

B.Lkhagvasuren: If the price of electricity for consumers increases by 30% and heating by 50%, inflation is expected to rise by 0.7-1%

Credit Rating Opens New Opportunities for the Government and Private Sector

Implementing policies aimed at sustaining economic recovery

Energy Losses Will Lead to Constraints on Businesses

By the end of this year, inflation is expected to rise by 6.5% and real income by 17%

Hong Kong overtakes Singapore as the leading financial center in Asia

Over One Trillion Tugriks Loaned for Mortgages This Year

Credit Rating Opens New Opportunities for Government and Private Sector

Diplomacy

U.Khurelsukh: Let's Create a World Free of Nuclear Threats

Mongolia's Balanced and Dynamic Foreign Relations

The President of Mongolia Calls for Cooperative Efforts to Strengthen Global Peace and Security

President of Mongolia Khürelsükh Meets with UNDP Administrator

A. Guterres: Mongolia is Becoming a Bridge of Understanding Between Countries

South Korea: No Penalty for Undocumented Residents Who Return Within the Specified Period

Japanese Military Ship Passes Through Taiwan Strait for the First Time

Discussed Opportunities for Active Cooperation in Tourism and Culture

U. Khurelsukh: Our country believes that any international difficulties and misunderstandings should be resolved within the framework of international law

U. Khurelsukh: We will steadfastly support the strengthening of the UN's leading role and coordination in world affairs

Infrastructure

H. Nyambaatar: Construction of the Inner-city Highway Begins in 2025

Kh. Nyambaatar: Highway Construction to Begin in 2025

PHOTO: The "New Yarmag Bridge" capable of accommodating 23,000 cars per day will open today

Bridge Opening Today Connecting Yarmag's "Nomin" Store with "TETS-IV" Road

Six-lane, 33 km Expressway Along the North Bank of the Tuul River to Connect Nalaikh and Darkhan

Environment

U.Khurelsukh: If Global Warming Continues, Humanity Will Face the Choice of Existence or Non-Existence

Expressing Special Attention to Environmental and Green Development Cooperation with Mongolia

Illegal mining operations discovered and halted using drones

Illegal Mining Activities Detected by Drone

Innovation

8 Types of Incentives for IT Companies Registered in Virtual Zones

Implementing Cloud Computing Infrastructure in Government Agencies to Save Budget

Health

SOS: The Tragedy of the Healthcare Sector

Engineer T. Batmunkh Claims Currency Found at His Home Was Saved for Medical Treatment Abroad

The Initiative to Supply Affordable, High-Quality Medicines to Begin Next Month

Sports

World Wrestling Federation Ranking Points Tournament to be Held in Mongolia

Arts

Behind the Scenes: The Film Council rejects "Becoming a Bear" for Oscars Participation

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