“Mongolian culture, Mongolian wealth” strategic plan to be implemented

2021-03-04 12:18:26

Ulaanbaatar /MONTSAME/ Following decisions were made at the Cabinet meeting convened on March 3.

- The Cabinet resolved to approve and implement “Mongolian culture, Mongolian wealth” strategic plan and to improve legal environment and allocate required funding in the annual state budget. The Ministry of Culture formulated the draft with aims to develop cultural creative production by supporting the gifted talents with legislation, finance, infrastructure and technology and to create condition for Mongolians and their artworks being recognized at the global level.

 - Ministers were assigned to develop a draft law on the Unified Accumulation Fund. Establishing the fund will enable every citizen to benefit from natural resources equally. Moreover, it is of significance to shift into multi-pillar pension systems aside from putting the assets of pension insurance in mortgage loan, stock market and commercial banks and receiving loans for education, medical assistance and services from this fund.

- A feasibility study of ‘Science and Innovation Cluster Center” will be developed. The cluster center is planned to be established in the 12th khoroo of Bayanzurkh district. Joint research centers of universities and institutions in priority areas including biotechnology, nanotechnology and information technology will operate here, enabling more than 3000 researchers and scholars to work.

- A plan for industrial wastewater pretreatment was approved. The plan outlines various works, including creating a database by defining sources and characteristics of wastewater coming to the central wastewater treatment plant, supporting factories on having wastewater pretreatment facility and installing equipment as well as operating Khargia wastewater treatment plant normally until moving skin and leather processing plants and making amendments to laws and regulations related to water recycling, monitoring and coordination.    

- As of February 23, 2021, Mongolia has petroleum reserves for 39 days consumption, more specifically, A-80 fuel for 66 days, AI-92 fuel for 50 days, diesel fuel for 32 days and TS-1 aviation fuel for 22 days.  



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