Ulaanbaatar
Development Bank to Reduce Staff
Politics
Ulaanbaatar, December 24, 2025 /MONTSAME/. The Government of Mongolia is implementing a phased policy to optimize and streamline the structure and organization of state institutions while strengthening discipline and accountability.
In line with directives issued at a Cabinet session, First Deputy Prime Minister and Minister of Economy and Development, Enkhbayar Jadamba, has focused on improving governance at the Development Bank of Mongolia, reducing the volume of non-performing loans, enhancing special asset management, and strengthening transparency and oversight mechanisms.
Within this framework, the bank’s Board of Directors will convene on December 25, 2025, to discuss structural reforms, including reducing the number of departments from 10 to 6 and divisions from 25 to 16, cutting managerial positions by 40 percent, and downsizing staff from 145 to 99 employees. These measures are expected to result in savings of approximately two billion tugriks.
The Government maintains a policy of operating the
Development Bank with a small and professional team until its operations are
fully improved and stabilized. It has also officially instructed the
shareholder and the Board of Directors to ensure that the bank is managed by a
professional leadership team independent of political influence.
