March 7, 2018

Sponsor logo

Members of Parliament call for action on Cabinet policy         


Several parliamentarians, led by MPs S. Byambatsogt and L. Enkh-Amgalan,  submitted an official inquiry to Prime Minister U. Khurelsukh, underlining the urgent need to expedite the implementation of actions outlined in policy and legal documents, such as the Government Action Plan and the Sustainable Development Vision 2030, in order to assist herders in provinces facing difficult weather conditions. The inquiry requested an official response from the Prime Minister regarding the Industrialization 21:100 program approved by Cabinet and its plan for the development of value-added goods production and the processing of livestock raw materials. 

Keywords: government action plan, Prime Minister U.Khurelsukh   Daily News /page 1/


Mongolia's economic policy and competitiveness  assessed       

Summary: According to the Economic Policy and Competitiveness Research Center (EPCRC), green development policy is not only about having a positive impact on the environment but also on economic growth. The EPCRC estimated that if Mongolia spends four percent of its GDP on green development, the employment rate would increase by 23 percent by 2030 and the poverty rate, which is currently at 30 percent, could fall to 10 percent. The EPCRC believes that a focus on green development would not only help increase household income but would also reduce the CO2 emission rate by 46.6 percent. The center suggests that the economic fluctuation that has been observed in Mongolia since 2000 could be stabilized by a proper green development policy mechanism. The EPCRC conducts independent surveys using economic models developed by the Millennium Institute to analyze the effects of green economies.
Since 2010, the Government of Mongolia has been building the basis for strengthening a green economy, and according to state, private, and international stakeholders, the government has been actively engaged in supporting green development. Currently, the Government of Mongolia is working on integrating green development concepts into legislation and regulations. State procurement is now focused on green development and amendments to the Law on Procurement are being developed. In addition, the government hopes to set green development criteria for the development and implementation of bigger state-funded projects. The green development initiatives and efforts of Mongolia's commercial banks are well acknowledged internationally, and several days ago an international sustainable funding association rated Mongolia and its commercial banks as progressive. The Green Climate Fund has confirmed that it will be allocating  145 million USD in financing to Mongolia's green development projects.        

Keywords: Mongolia's economic policy and competitiveness  assessed          The Official Gazette /page 11/


PDAC highlights  

Summary: During the Prospectors & Developers Association of Canada (PDAC) Convention, Minister of Mining and Heavy Industry D. Sumiyabazar stated that Mongolia remains a country with great opportunities for investors to succeed. He noted that the Mongolian people are pursuing sustainable development by benefiting from its enormous natural resources,  and that the Mongolian government is committed to  establishing long-term and mutually beneficial cooperation with investors. He said, "The Government of Mongolia possesses a number of big mining projects, and we are working towards putting these on a stream, attracting more investment and implementing an effective and modern wealth management fund."  

Keywords: IPO, Canada, stock exchange      Today /page B1/

online story  

Ministry of Agriculture reports on FMD outbreaks  

Summary: According to the Ministry of Food, Agriculture and Light Industry (MoFALI), a total of 694,000 livestock animals have perished in 2018. Since January 2018,  4,468 animals were impacted by foot and mouth disease (FMD) outbreaks, and 3,268 animals have been eradicated. According to the National Emergency Management Agency, 30 outbreaks of FMD have been confirmed in 27 soums in 11 provinces, largely in Dornogobi, Dundgobi, Bulgan and Tuv provinces. The epicenters of the outbreaks are currently under quarantine. As reported by Century News, expenses for veterinary services in Mongolia have been gradually increasing. In 2001, 3.4 billion MNT was spent on efforts to combat FMD outbreaks and total expenses rose to 28.3 billion MNT in 2016, with 8.7 billion MNT spent on vaccinations alone. MoFALI stated that of the 7.1 million doses of vaccines ordered for purchase from the Russian Federation this year, 500,000 doses have already been purchased. The remaining vaccines will be imported by  April 20.

Keywords: foot and mouth disease, agriculture, NEMA

Facebook Twitter LinkedIn Website

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia