July 2, 2018
S P O N S O R 

Mongolia to host 3000 delegates from 50 countries in the 2018 Disaster Risk Reduction Conference


From July 3 through 6, the Government of Mongolia will host the 2018 Asian Ministerial Conference on Disaster Risk Reduction (DRR) in Ulaanbaatar. The conference is being held in collaboration with the United Nations Office for Disaster Risk Reduction and the National Emergency Management Agency (NEMA). High-level officials and leaders from 50 countries, including the Deputy Prime Ministers, Members of Parliament, Ministers and Deputy Ministers, and approximately 3000 experts and professionals, will attend. The Asia Regional Plan for Implementation of the Sendai Framework for DRR 2015-2030 will be discussed and approved along with the Ulaanbaatar Declaration. NEMA announced that the Cabinet will lead two discussions on “Strengthening disaster resilient infrastructure and urban resilience” and “Increasing public-private partnership and investment for DRR”. ​

Keywords: UNISDR, disaster risk reduction (DRR), multilateral relations   Today /page 1/

Government debt totals 21.1 trillion MNT


In 2018, Cabinet is scheduled to complete payments of a total of 2.6 trillion MNT in principal bonds and 1.2 trillion MNT in bond interest payments. On June 29, the Minister of Finance announced that the Government reimbursed roughly 750 billion MNT for Dim Sum Bonds as well as domestically-issued principal bonds and interest repayments in June, on schedule. While the government debt totaled 22.7 trillion MNT at the end of 2017, the figure has decreased to 21.1 trillion MNT as of the first half of 2018.    ​

Keywords: bonds, government debt, repayment   Today /page 1/


Government expenditure projected to increase by 671 billion MNT


The Bank of Mongolia has released its June inflation outlook report. According to the report, the outlook for inflation remains stable. The Bank of Mongolia is aiming to maintain the rising inflation at the target of eight percent. As of May, inflation in Ulaanbaatar amounted to 6.6 percent while the nationwide inflation rate remained at 6.1 percent. Demand-pull inflation has been gradually increasing in conjunction with a continuing economic recovery. Analysts view that the inflation rate will stabilize at the target level in coming years. According to the report, government expenditure is projected to grow by five percent and Oyu Tolgoi investment is cited as a factor contributing to an improved economic outlook for 2019.​

Keywords: Bank of Mongolia, inflation, economic growth   The National Post /page 5/

online story  

Parliament approves resolution on accelerating Tavan Tolgoi project


The spring session of Parliament closed on June 29. During the closing session, Parliament discussed a draft resolution on several measures to accelerate the Tavan Tolgoi (TT) project and approved the resolution with 83.1 percent of the vote. Members of Parliament Z. Narantuya and D. Erdenebat suggested developing proposals to allocate 34 percent of Erdenes Mongol LLC shares to the public, and to restructure the company as a publicly owned entity. The Mongolian People’s Party Caucus in Parliament didn’t support the proposition.​

Keywords: mining, export, Cabinet proposal

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia