Parliament approves resolution to ensure financial and economic stability during COVID-19

Politics
unurzul@montsame.gov.mn
2020-04-30 16:29:04

Ulaanbaatar/MONTSAME/. Yesterday, April 29, the plenary meeting of the Parliament approved a resolution on the measures to ensure financial and economic stability, prevent risks and make the digital transition in public services during the COVID-19 pandemic.


The resolution defines the direction of state policy and measures to be taken with a purpose to ensure financial and economic stability, prevent risks, and make the digital transition during the COVID-19 pandemic.


Moreover, it states to establish a healthy, reliable, transparent, open, publicly controlled, accessible and e-banking system, build a sound banking management system, reduce ownership concentration as well as transfer the bank into an open joint-stock company. It also reflects to improve the legal environment to supervise banks, inspect and take restructuring measures, continue the government's housing mortgage program, provide preferential financing to gold mining companies, and build required financial source with foreign and domestic market deals.


There were no MPs to question or speak on the draft resolution. The draft resolution was approved by majority of MPs who attended the plenary session.