A new regulation on 'Green Bond' approved to boost green finance in Mongolia
A major step forward has been taken to help Mongolia tackle its environmental challenges, with a new regulation approved by the Board of the Financial Regulatory Commission (FRC) to help grow green finance in the country.
Food and beverage services only open for take out and delivery until 24 June
In connection with the increasing rate of daily COVID-19 infections in Mongolia, Governor of the Capital City and Mayor of Ulaanbaatar D.Sumiyabazar issued an ordinance to intensify preventative measures against the pandemic.
YOGA in times of Covid
Today, the world stands at a crossroads and the humanity is facing a transformative phase in the wake of Covid pandemic.
Latest COVID-19 Household Response Phone Survey results released
While Mongolia has taken early and decisive measures to prevent the inflow and outbreak of COVID-19, household-level shocks caused by COVID-19 can be long-lasting and disproportionally hit the poor and vulnerable the hardest, creating an urgent need for timely data collection to help monitoring and mitigating the socio-economic impacts of the shock.
Inflation rate reaches 6.2 percent in May 2021
As reported by the National Statistics Office, the nation's inflation was at 6.2 percent by May 2021. The inflation rate was 6.1% in May 2018, 8.0% in May 2019, 3.3% in May 2020 and reached 6.2% in May 2021, increased by 2.9 percentage points from the same period of previous year. The increase was mainly due to 13.1 percent price increase in food and non-alcoholic beverages, and a five percent price increase in housing, water, electricity, gas, and fuels.
Manual on reporting suspicious transactions published
A manual on Reporting Suspicious Transactions for financial and non-financial professional service providers and intermediaries was published by the Financial Regulatory Commission (FRC). The contents of the manual include the following:
Cultural division to be established in each aimag of Mongolia
The cabinet held its regular weekly meeting on June 16. At the meeting, the government made amendments to its resolution on restructuring aimags’ governors’ offices to change the Education and cultural department as Educational Department and Cultural Division.
Ministry of Finance promoting transparency and efficiency initiatives
Within the framework of the ‘Ertech Mongol’ program (meaning ‘Early Mongolian’ in Mongolian), the Civil Service Council of Mongolia is organizing a series of meetings and discussions with government ministries to implement civil service reform in public sectors, define partnerships and planning between government ministries and agencies, and to avoid gaps in the reform framework.
Study reveals some investigators of corruption cases experience external influence
The independence of investigators is critical to the successful investigation of corruption and establishing social justice.
Public-private dialogue on Sustainable Food System in Mongolia held
On June 15, representatives from the public-private sector discussed about the Sustainable Food Systems in Mongolia at the State Palace in Ulaanbaatar. Representatives of major private companies working in the food sector gathered to discuss about the challenges and solutions in the food and agricultural value chains, exports, public-private partnerships, sectoral policies and potential policy changes for the improvement of the sector.
EU, World Vision providing nutrition packages to vulnerable children and families
The European Union and World Vision are providing nutrition packages to the most vulnerable children and their families in Ulaanbaatar and Bayan-Ulgii and Uvurkhangai provinces affected by the impact of COVID-19.
Inception Meeting for MASAM II Project Held
The Globe International Center (GIC) has been implementing the project, The Mainstreaming Social Accountability for Improved Transparency and Participation in Mongolia, or the MASAM II project.
‘A Greener Future for Ulaanbaatar’ – Mayor of Ulaanbaatar addresses IFC Sustainability Exchange 2021
Sumiyabazar Dolgorsuren, Governor of the Capital City and Mayor of Ulaanbaatar, spoke about his inspirations and the city’s sustainable development plans during a virtual event — International Finance Corporation Sustainability Exchange 2021—this month.
Mongolia’s 3x3 basketball success and achievements highlighted
Hong Kong has announced that it will be hosting 3x3 basketball World Tour Masters with a hefty budget of USD 1.2 million. Since 3x3 basketball game was included as part of the Olympic basketball programme, starting with the Olympic Games Tokyo 2020, it has been gaining worldwide attention to become a fast-growing urban sport in a myriad of countries.
Ceremony organized to ring the bell for 'Invescore Bond' offer commencement
The 'Invescore NBFI' JSC, included in Mongolian Stock Exchange Top-20 index, is issuing the 'Invescore Bond', which is highest amount of debt instrument offered in the history of private sector, and the ringing the bell ceremony for Tranche 1 organized at the Mongolian Stock Exchange on June 14.
Weekly review of parliamentary activities for June 7-11
June 8, 2021. MP J.Chinburen represented the State Great Hural (Parliament) of Mongolia at the IPU’s virtual meeting of parliaments, organized as a side meeting to the United Nations High-Level Meeting on HIV/AIDS. The meeting was held under the theme of “The role of parliaments in addressing inequalities to end AIDS by 2030”.
Golomt Bank’s ‘Golden Key’ Foundation supporting ‘Heart Will Not Forget’ project
Golomt Bank’s “Golden Key” children’s foundation has continued to support the “Heart Will Not Forget” project for the second year in a row and established a memorandum of cooperation to become an official partner.
Digital transformation in education to save MNT 1 billion annually
An event to launch digital transformation in educational sector was launched on June 11, Friday with Minister of Education and Science L.Enkh-Amgalan, Minister of Finance B.Javkhlan and officials and specialists from the Education Ministry, schools and kindergartens across the country in attendance.
Open Letter issued in observation of World Day Against Child Labor
International Labor Organization, UN Resident Coordinator’s Office in Mongolia, Ministry of Labor and Social Protection, Mongolian Employers’ Federation, Confederation of Mongolian Trade Unions, National Human Rights Commission of Mongolia and Delegation of the European Union to Mongolia, have issued the joint open letter calling for actions to eliminate all forms of child labor in Mongolia.
IAAC reviews presidential election candidates’ anti-corruption policy
Candidates from the three parliamentary parties made their election promises and participated in the Presidential Election of Mongolia. Election promises outline the following activities to be initiated and implemented in the fight against corruption.