Mongolia News Summary for November 28, 2024
The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of Mongolia Strategy Center or its members.
Today's Stories
Politics
- MCCI Executive Director T.Duuren Detained by Anti-Corruption Agency
- Leaders Celebrate Constitutional Anniversary, Citizens March for Rights
- MPRP, DP, and Other Parties Passed a Law to Abolish Other Parties
- Despite Opposition from B. Enkhbayar, the Standing Committee Supports Delaying the Implementation of the 'Law on Political Parties'
- The president of MNCCI's candidate T. Duuren was detained by the IAAC, duration of detention is unclear
Economy
- Signed a Product Sharing Agreement for Methane Gas Exploration with Australia's "UJS" Company
- Foreign Exchange Reserves Reach 4.9 Billion USD
- The "Shunkhlai" Open Bond Preliminary Order Has Begun
- 50% of Youth Housing Down Payment Can Be Financed by Loan Guarantee Fund
- Supplied 164 Million USD in Two Days
- Millennium Challenge Account Mongolia: Job Vacancy Announcement
- Donald Trump Threatens US's Two Neighboring Countries with High Import Tariffs
- Selection for New CEO of the Stock Exchange Canceled
- MN TOWER: A New Space for Your Business in the City's A Zone
- The processing of accumulated applications for the mortgage program will take 40-55 months
- MN TOWER: A New Space for Your Business in the City's A Zone
Diplomacy
Infrastructure
- "UBTZ" LLC: We are focusing on increasing the coal reserves of the power plants
- Construction of 4C Category Airports in the Altai Tavanbogd and Buur Lake Region to Begin
- H.Nyambaatar Follows N.Altankhuyag's Example by Taking on Debt to Fund Road Repairs and Housing Projects
- Due to Rusty Water, the 4.8 km Main Water Pipeline in Yarmag has been Renovated
Society
Environment
- Agreed to increase climate finance to up to USD 300 billion annually
- Renewable Energy Projects Undertaken in the Western Region
- The World Will Be Unable to Manage Plastic Waste in 10 Years
- COP 29: Agreement to Increase Climate Finance to $300 Billion Annually for Developing Countries
- S. Amarsaikhan: The Winter Will Be Colder and Precipitation Will Be Higher
Health
- International Organizations to Support Health Sector
- T.Munkhsaikhan: Stopped Insurance Funding for Hospitals with Contract Overruns
- T.Munkhsaikhan: Stopped funding for hospitals over budget
Politics
MCCI Executive Director T.Duuren Detained by Anti-Corruption Agency
Published: 2024-11-27 | Translated from: news.mn
The Extraordinary XXII Congress of the Mongolian National Chamber of Commerce and Industry (MCCI) will be held tomorrow, November 28. During this meeting, a by-election will be held to elect a new President of the Chamber. However, MCCI Executive Director T.Duuren, who was a candidate for the Chamber's President, was detained today by the Anti-Corruption Agency (ACA). He recently posted on his social media page, "I have been suddenly summoned on baseless charges and will be detained for 30 days. Although I am not physically present, I express my desire to participate in the Chamber's by-election." Last year, T.Duuren ran for the election but withdrew his candidacy at the last moment. Graduated from Delhi University in India in 1999 with a degree in finance and marketing, he previously held the position of Deputy Director for Food Production at UFC Group and was appointed MCCI Executive Director in 2019, a position he was reappointed to last year. Regarding his candidacy in this election, he expressed on social media, "The by-election is short-term. The Chamber is not a baton for large companies to pass around. It is not a stepping stone for someone to enter politics. The state and business sectors must regain their balance. Otherwise, we will be sucked into Communism and face collapse. Please support." As soon as the MCCI presidential election was announced, information appeared on social media and in some media outlets accusing T.Duuren of "losing 5 million USD from MCCI's account by investing it in the nut business."
Leaders Celebrate Constitutional Anniversary, Citizens March for Rights
Published: 2024-11-27 | Translated from: unuudur.mn
The entire Constitution reflects the policy of the Mongolian people and government. Yesterday marked the 100th anniversary of the proclamation of the Republic and the adoption of the modern Constitution. Speaker of the Parliament D. Amarbayasgalan, Deputy Speaker Kh. Bulgantuya, and members of the State Great Hural hoisted the national flag of Mongolia and laid flowers at the D. Sukhbaatar statue. An honorary session of the Parliament was also held at the State Palace. At the start of the session, the original of the Constitution was ceremoniously brought by the Secretary-General of the Parliament, B. Baasandorj. President U. Khurelsukh, Prime Minister L. Oyun-Erdene, and other top state officials, as well as diplomatic representatives residing in Mongolia, attended. President U. Khurelsukh stated, "As a result of the heroic struggle of our brave and patriotic ancestors, the 1911 revolution for national independence took place in the year of the Metal Pig, fulfilling the fervent aspirations and struggles of the Mongolian people to restore their sovereign state. This laid the groundwork for strengthening independence and establishing the foundations of the people's revolution. This historic event was a force of national unity, where nobles, lamas, and commoners all united in the spirit of patriotism. The unyielding struggle for independence continued without interruption for 13 years, culminating in the victory of the people's revolution on July 11, 1921, and later, on November 26, 1924, the first Great Khural of Mongolia convened, adopting the Constitution and proclaiming the Republic to the world. The policy to draft and enact the Constitution was pursued during the time of the Bogd Khanate of Mongolia, with the task of preparing a draft Constitution initiated under the directive of Prime Minister T. Namnansuren in 1914. In September 1924, a commission for drafting the Constitution, led by Prime Minister B. Tserendorj, was established and worked to this end. Although the Soviet Russia of the time, the Comintern, and their agents exerted pressure during the process of drafting and adopting the new Constitution, scholars argue that the first Constitution as a whole was a reflection of our people's aspirations and governmental policy. Historical documents conclude that the first Constitution was drafted based on the project by Prime Minister T. Namnansuren and incorporated suggestions by leaders such as Prime Minister D. Bodoo and J. Tserendorj, and was adopted under the leadership of revolutionary leaders. When evaluating the past, we must always remember the danger of relying on party ideology, embellishing, or distorting history. We all know the complex and challenging geopolitical conditions of the early 20th century, especially the attitudes of our two neighbors toward Mongolia's independence. At 16:10 on November 26, 1924, the Constitution comprising six chapters and 50 articles was adopted. Thus began the history of our modern democratic state, which must never be forgotten," he said. He also highlighted that providing political rights to women and granting them the right to vote and be elected made Mongolia the first country in Asia to do so, as noted by scholars. Speaker D. Amarbayasgalan announced that on November 21, the Parliament adopted a resolution to honor the Constitution, which officially took effect yesterday.
MPRP, DP, and Other Parties Passed a Law to Abolish Other Parties
Published: 2024-11-27 | Translated from: itoim.mn
Regarding the Law on Political Parties, it mandates that political parties must align their rules, programs, and organizations with the Law on Political Parties and have them approved by the Supreme Court by the end of this year. According to the law, parties are obliged to amend their rules and have them approved by the Supreme Court before January 1st of next year. However, the government meeting has supported postponing this deadline until 2028. Today, representatives of political parties reported that the implementation of the Law on Political Parties should be postponed. Political parties have proposed to postpone the implementation of the enforcement rules of the Law on Political Parties until 2028. B. Batbaatar, leader of the Civil Courage Green Party, stated that currently there are 37 political parties operating in Mongolia. He emphasized the necessity to amend the enforcement rules of the Law on Political Parties, which will be discussed in the State Structure Standing Committee. He deemed it essential to postpone the registration of political parties, especially since 2024 is an election year. He noted that right after the elections, the issue of party registration arises. On July 7, 2023, when this law was passed, the three parties in parliament passed a law that suited their interests, blocking other parties from conducting activities, forming alliances, and working for the country. B. Jargalsaikhan, leader of the Republican Party, expressed his concerns, stating that as soon as they gained power, they started to pass laws and regulations to belittle others, dictating what to say and how to speak. He pointed out that citizens form parties through unification and association, not through state resolutions and decisions. He argued that it is necessary to review the Election Law and the Law on Political Parties, questioning what harm the numerous parties on the streets have caused. He insisted they merely critique societal issues and advocated for postponing the enforcement of the law to allow for thorough discussion during this period.
Despite Opposition from B. Enkhbayar, the Standing Committee Supports Delaying the Implementation of the 'Law on Political Parties'
Published: 2024-11-27 | Translated from: isee.mn
Today, in a meeting of the Standing Committee on State Structure, the majority of members supported the discussion of a draft law to amend the law governing the implementation of the revised Law on Political Parties, proposed by the government. The revised Law on Political Parties was supposed to come into effect on January 1st, 2025, but the government proposed to postpone its implementation to August 2nd, 2027. In other words, the proposal suggests implementing the law after the 2027 Presidential election. If the law were to come into force on January 1st next year, parties with and without seats in the parliament such as MPP, DP, and HUN would have to hold a Congress to amend their rules and elect new leaders in accordance with the revised law. Additionally, smaller parties may not meet the criteria set by this law, leading to their dissolution. Therefore, some members have criticized the decision to postpone a crucial provision. To prevent L. Gantumur and T. Dorjkhand from being replaced and to maintain the stability of his government, MPP Chairman L. Oyun-Erdene has begun efforts to delay the implementation of the revised law. According to sources, Prime Minister L. Oyun-Erdene met with members of the Standing Committee on State Structure, seeking their support for the law amendment. In this way, the committee's chairman, J. Bat-Erdene, led the discussion and guided the members to support the debate on whether or not to amend the law. During the meeting, Chief Cabinet Secretary Ch. Uchral stated that political parties without parliamentary seats submitted several justified requests to the Mongolian government, asking for the law's implementation to be postponed. According to the parties, they support the law initiated and approved by the President in principle. The law will contribute to the institutional development of political parties and promote a new culture in society. Therefore, measures are planned to ensure transparency in accounts, digital registration, clear involvement in activities, clarification of NGO statuses, establishment of policy research institutions, and evaluation of programs. All of these will be implemented from next year. However, they ask to delay the registration of new amendments and the implementation of provisions related to programs. Parliamentary and local elections have passed, and the parties claim they do not have the time to gather proposals for rule changes from members at all levels. The law also requires party branches to maintain a 40% quota for women, which the parties find nearly impossible to achieve. MP B. Enkhbayar expressed concerns about the delay: "For years now, we have been actively discussing political party reform and financing issues. The Law on Political Parties was one of the major reforms to bring life to the 2019 constitutional amendments made by the previous parliament. It was a good law, based on international best practices and models. It took us two years to formulate it. I also worked on this task force. It was a progressive, forward-thinking reform. All parties with and without parliamentary seats should stand firm on implementing these reforms. I understand the political nuances and why there is a push to delay, but just before this, our leader Buyan Jagaa came and gave a speech. As far as I remember, when I was a child, you were the party chairman. I have never known anyone in the Republican Party besides you. I don't even know where the party meetings are held. Was this person elected as party leader for life? Some people have remained party leaders for life. At the end of life, it's sad to see great potential wasted on negative associations. It's unclear what is happening with the major parties. There is an ugly term, 'gun dog,' used to describe those who are manipulated by major parties to carry out nefarious deeds. At life's end, one should leave a positive legacy for their children. What have you done by trading dignity for 30 years? Money is exchanged for state loans with no time limit. Elections become a trade of public faith for money. Such parties should be reformed. I believe MPP, DP, and HUN can hold their congresses without issues. There should be no fear or retreat due to time constraints. Both sides need to reflect and make decisions. Voters have matured. Major reforms should not be delayed due to minor interests."
The president of MNCCI's candidate T. Duuren was detained by the IAAC, duration of detention is unclear
Published: 2024-11-27 | Translated from: isee.mn
The regular meeting for electing a president at the Mongolian National Chamber of Commerce and Industry (MNCCI) is scheduled for tomorrow, November 28, 2024. According to unofficial information, many candidates, including T. Duuren, are running for the president of the chamber. However, there is news that T. Duuren, who is being discussed as a candidate for the MNCCI presidency, has been detained by the Independent Authority Against Corruption (IAAC). It is unclear whether he has been detained for 48 hours or for 30 days, as no official information has been provided by the relevant legal authorities. T. Duuren, who is running for the presidency of the MNCCI, stated on his Twitter account regarding this issue, "I was suddenly called in on unfounded charges and now I am to be detained for 30 days. Though not in person, I declare my desire to participate in the chamber's supplementary election. I believe the extent of government involvement in a non-governmental organization's election is a form of oppression. I hereby announce that I continue my candidacy." "I was suddenly called in on unfounded charges and now I am to be detained for 30 days. Though not in person, I declare my desire to participate in the chamber's supplementary election." "I believe the extent of government involvement in a non-governmental organization's election is a form of oppression. I hereby announce that I continue my candidacy."
Economy
Signed a Product Sharing Agreement for Methane Gas Exploration with Australia's "UJS" Company
Published: 2024-11-27 | Translated from: isee.mn
Following the decision of the Government of Mongolia, the rights to establish a Product Sharing Agreement with “UJS” LLC for the exploration area of methane gas in the Central Coal Seam XXXVI were granted to the Mineral Resources and Petroleum Authority. As per this decision, the Director of the Mineral Resources and Petroleum Authority, L. Bayarmandal, and the Executive Director of "UJS" Company, Mehmed Ridwan Karpuz, signed the agreement. The signing ceremony was attended by State Secretary of the Ministry of Industry and Mineral Resources S. Javkhlanbaatar, Head of the Petroleum Policy Implementation and Coordination Department of the Ministry of Industry and Mineral Resources Ch. Khishigdalai, Head of the Environmental Assessment and Audit Department of the Ministry of Environment and Climate Change Ch. Khandtsuren, Head of the Petroleum Products Division of the Mineral Resources and Petroleum Authority B. Tuvshinjargal, and Head of the Petroleum Exploration Division E. Munkh-Ireedui. Representatives from the relevant ministries and agencies, as well as the Australian Ambassador Katie Smith, representative of the American-Mongolian Chamber of Commerce Chris Milville, and representatives of the European-Mongolian Chamber of Commerce, G. Batzul and N. Tsedev, also attended. In his opening remarks, the head of the Mineral Resources and Petroleum Authority, L. Bayarmandal, stated, "Since the Central XXXVI area is closest to the city, it is highly anticipated that by identifying and extracting methane gas reserves from the coal seam, we can contribute significantly to reducing raw coal usage and air pollution by using ecologically clean fuel in the future. Therefore, for the sake of sustainable environmental development, regional, and national common interests, we have always supported and worked closely with the enterprises operating in this sector." He also expressed his pleasure that "at a time when the Government of Mongolia aims to transition to green energy, the exploration agreement with "UJS" Company is advancing to the product sharing stage with significant progress." Mehmed Ridwan Karpuz, the Executive Director of "UJS" Company, emphasized, "The Central XXXVI area is not only close to the city but also located in a region rich in coal, making it highly probable to discover and produce methane gas from the coal seams. If the exploration work is successful, we will be able to create a new source of green energy supply for Ulaanbaatar city in the future." Currently, in Mongolia, four companies have signed product sharing agreements for coal seam methane gas exploration in six areas and have been conducting continuous exploration since 2018. Australia’s "UJS" company has now become the seventh company to sign a Product Sharing Agreement with the Government of Mongolia.
Foreign Exchange Reserves Reach 4.9 Billion USD
Published: 2024-11-27 | Translated from: montsame.mn
According to the Bank of Mongolia, the official foreign exchange reserves of Mongolia exceeded 4.9 billion USD as of November 25 this year, increasing by 38.8 million USD or 0.8 percent since the beginning of the year and maintaining a stable level. This level is sufficient to cover 5.1 months of the country's import needs. The increase in reserves was primarily influenced by improved inflows of USD into Mongolia, such as through export revenue and foreign direct investment. Specifically, export revenue reached 13.4 billion USD by the end of October, an increase of approximately 800 million USD compared to the previous year. Of the total exports, 55 percent is coal, 19.8 percent is copper concentrate, and 6 percent is gold exports. The export of mineral products in the mining sector is expected to continue growing by the end of the year. International credit rating agencies such as Fitch and Moody's have upgraded Mongolia's credit rating outlook to a stable B. With the improvement in the country's credit rating, the ratings of commercial banks have also improved, enabling them to attract affordable business and green loans from the international market. Additionally, with major projects to be implemented by the government, there is anticipation of increased investment directed towards Mongolia. Official sources have indicated that foreign exchange reserves are expected to exceed 5 billion USD by the end of the year.
The "Shunkhlai" Open Bond Preliminary Order Has Begun
Published: 2024-11-27 | Translated from: ikon.mn
The "Shunkhlai" Open Bond Preliminary Order Has Begun Shunkhlai LLC, a subsidiary of Shunkhlai Holding with 31 years of history and one of Mongolia's TOP-100 enterprises, has started offering the "Shunkhlai" open bond to investors. The Mongolian Investment Rating Agency LLC has rated Shunkhlai LLC's domestic credit rating as "A stable," indicating a low-risk investment grade, which is currently the highest domestic rating. Furthermore, the "Shunkhlai" open bond's annual interest rate of 17% is notable as it matches the bank deposit rate of 18.7%. The issuer's parent company, Shunkhlai Holding, is a major driving force in Mongolia's economy, comprising over 60 companies in the sectors of beverages, fuel, media communications, real estate, automotive, retail, and finance. Shunkhlai LLC operates 109 fuel distribution stations and independently supplies 20% of Mongolia's fuel market, making it one of the leaders in its industry. Information: golomtcapital.com/page/Bond/shunkhlai Order: trader.golomtcapital.com Bond Advisor: 8665-1177, 8665-4422, 8083-6622, 8888-9183 Warning: Media outlets (Television, Radio, Social Media, and Websites) are reminded that they must cite their source (ikon.mn) when fully or partially using our information in any form.
50% of Youth Housing Down Payment Can Be Financed by Loan Guarantee Fund
Published: 2024-11-27 | Translated from: gogo.mn
In today's government meeting, the policy to support youth development and housing for young families was discussed. The Government of Mongolia has designated 2025 as the Year of Youth Support. Within this framework, the Minister of Culture, Sports, Tourism, and Youth, Ch. Nomin, and the Minister of Family, Labor, and Social Protection, L. Enkh-Amgalan, presented on the medium-term strategy for youth development and the policy and strategy for housing young families, respectively. The mortgage loan program has been implemented since 2013. During this period, it sharply stimulated demand without increasing supply, leading to increased housing prices in the market, and involved individuals with high income capable of paying down payments, rather than targeting its intended group. An application waiting line of over two years has formed for the program’s loans. Solving the accumulated applications would take 40-55 months. Minister L. Enkh-Amgalan noted that as rapid solutions failed to meet the required supply, prices rose, benefiting only the vendors. Recommendations were proposed, such as financing 50% of the down payment from the Loan Guarantee Fund, and creating a housing down payment savings account at banks specifically for accumulating young people's down payments to support young households. It was assigned to Minister Ch. Nomin to present and have the "Youth Development Support Strategy Plan 2025-2029" approved at the next government meeting.
Supplied 164 Million USD in Two Days
Published: 2024-11-27 | Translated from: montsame.mn
The Bank of Mongolia supplied a total of 164.0 million USD to commercial banks over two days of the previous week through the spot trading of its regular foreign currency auction. Specifically, on November 19, 87.0 million USD was supplied, and on November 21, 77.0 million USD was supplied at different exchange rates, respectively. In November, the central bank has supplied a total of 363 million USD to commercial banks through foreign currency auctions. Commercial banks have not submitted proposals to purchase foreign currency through swap and forward transactions. Explanation: Trading at different rates refers to a transaction where the successful banks' proposals are fulfilled at the exchange rate proposed by them.
Millennium Challenge Account Mongolia: Job Vacancy Announcement
Published: 2024-11-27 | Translated from: ikon.mn
Millennium Challenge Account Mongolia: Job Vacancy Announcement MILLENNIUM CHALLENGE ACCOUNT MONGOLIA (MCA MONGOLIA) JOB VACANCY ANNOUNCEMENT WATER SECTOR SUSTAINABILITY SPECIALIST MCA Mongolia has announced a job vacancy for the position of Water Sector Sustainability Specialist. This position will support the implementation of activities aimed at ensuring the long-term stability of water supply through collaboration with other specialists on the project, focusing on policy, regulation, and institutional reforms in the water sector. The Water Sector Sustainability Specialist will assist the Director of the Water Sector Sustainability Project in supporting institutional changes, ensuring coherence, and closing evaluations. Key Responsibilities: - Participate in developing and implementing wide-ranging technical assistance and capacity-building activities necessary for implementing policy, regulation, and institutional reforms directed at agencies involved in water supply to ensure long-term stability. - Work closely with other project team members to implement essential sustainability initiatives, foster information exchanges, enhance the financial and operational capacities of water utilization organizations, implement partnerships programs, conduct pre-treatment and monitoring of industrial pollution, and change public awareness and practices regarding the value of water resources and the cost of water services. - Support all processes involved in project planning, implementation, and closure. Specifically, assist the Director and team in developing and implementing project closure plans, conducting completion analysis, and preparing reports. - Oversee project progress and achievements, review and accept deliverables from advisors and contracted consultants, and support the Project Director by identifying and mitigating potential issues and risks to ensure effective project management. - Maintain close coordination with consultants, contractors, implementing agencies, and other stakeholders. - Support the Project Director in coordinating budget management, contract administration, and procurement activities in compliance with MCA Mongolia's rules and procedures. - Develop and implement strategies for collaboration with private sector and donor organizations, expanding the scope and benefits of programs implemented through the compact agreement. Professional Requirements: - Education: Master’s degree in water supply, waste treatment and services, water resources, environmental management, engineering, or related public policy fields. - Work Experience: At least five (5) years of experience in implementing domestic or international projects and programs. - Skills and Experience in detailed project planning, implementation, procurement, contract management, risk management, monitoring and evaluation, and project closure. - Experience in public communication using media and social networks to support the implementation of sub-activities required to improve public understanding of the value and real cost of water services. - Experience in improving policies, legislation in water supply, utilization, and public utilities, and management of water usage organizations is advantageous. - Experience and skills in effectively communicating with a broad spectrum of stakeholders, including governmental, civil society, and international organizations. Language Skills: - High proficiency in written and spoken Mongolian and English (ILR Level 3 or above). - Ability to draft and review official documents, communication, project/tender documents in both English and Mongolian, including memorandums, official letters, reports, analyses, scopes of work, technical specifications, contracts, and other necessary documents. Essential Skills for the Position: - Well-organized, results-oriented approach, translating compact agreement strategies and objectives into specific work plans. - Work cohesively with team members and relevant stakeholders, building trustful and partner relationships toward common goals. - Anticipate potential challenges and propose effective solutions. - Conduct specialized discussions in Mongolian and English on technical topics. - Proficient in Microsoft Office and professional software relevant to specific positions. - Rapidly understand current issues and make informed decisions based on analysis. - Manage workload effectively, organize and plan work efficiently. - Develop and analyze information and statistical data necessary for decision-making in executing one's own and others' work. CONTACT: Submit an English version CV, cover letter, diploma copy, and other relevant documents via email to hr@mca-mongolia.gov.mn (indicate the job title clearly). No fees or payments are required at any recruitment stage, including application, interviews, report preparation, or training. For recruitment-related queries, contact 7711-1710 during office hours. Only candidates selected for the first round will be contacted. Notice: Media organizations (TV, Radio, Social, and Web pages) must mention the source (ikon.mn) when using our information in any form, fully or partially.
Donald Trump Threatens US's Two Neighboring Countries with High Import Tariffs
Published: 2024-11-27 | Translated from: ikon.mn
After being elected as the President of the United States, Donald Trump announced that he would impose a 25% tax on all goods imported from Canada and Mexico. He stated on his social media page, "I plan to impose a 25% tariff on all goods entering the US from Mexico and Canada. This tax will be in effect until the flow of drugs, particularly fentanyl, and illegal migrants is stopped. Both Mexico and Canada have the ability to easily solve this persistent problem." Trump also pledged to add another 10% to all existing tariffs on goods from China, the main competitor of the US. He believes that this approach will revive the US industrial sector and increase employment. However, some experts warn that such a policy risks increasing the cost of living for Americans. During a press conference, Mexican President Claudia Sheinbaum mentioned that she is preparing to write a letter to the new US President about how to jointly solve the unified challenges facing both countries. She added, "The tariffs imposed on each other will put our mutual business at risk," warning that it could lead to increased unemployment and inflation in both countries. Canadian Prime Minister Justin Trudeau informed reporters that he had a phone conversation with Trump following his announcement. "We discussed some challenges that we can solve together. The conversation was very productive. We understand that we need to work together to solve certain issues, and we will do so," said Trudeau. Canada's opposition is demanding that Trudeau take measures to prevent potential risks that could arise before Trump takes office. For example, if Trump's new administration begins forcibly deporting illegal immigrants, the influx of migrants heading to Canada could increase dramatically. Following Trump's announcement, Ontario Premier Doug Ford, a Canadian opposition politician, stated on social media, "The federal government needs to seriously address the border issue between our two countries." Alberta's governor Daniel Smith also expressed concern about Trump's announcement. She is a member of the same opposition Conservative Party. "As the largest exporter of oil and natural gas to the US, we want to work with the new administration to enhance US and Canada's energy security," she wrote. However, some observers believe that Trump's threats are unlikely to be realized and may just be pressure intended to bring the neighbors to the negotiating table.
Selection for New CEO of the Stock Exchange Canceled
Published: 2024-11-27 | Translated from: gogo.mn
Acting CEO of the MSE, J. Tsogtbayer Last month, Finance Minister B. Javkhlan announced that the management team of the "Mongolian Stock Exchange" JSC would be openly selected. The supervisory board of the company was entrusted with the task of organizing the announcement of the open selection for the management team. It is considered that by selecting the company's management team through an open international selection process, it will be possible to build a human resource base with good international experience and skill. The invitation for the open selection will be posted on the Stock Exchange's website within this year. It will also be announced through domestic and international news agencies to ensure the participation of many candidates. Therefore, the selection for the CEO has been reannounced. As the company's operations expand, the need for human resources with good international experience and at an international professional level has increased. There is a need to reform the MSE's infrastructure, expand the market, increase liquidity, enhance efficiency and revenue from the company's operations based on international best practices, maintain sustainable growth, improve the quality of products and services, and keep infrastructure risks at an appropriate level.
MN TOWER: A New Space for Your Business in the City's A Zone
Published: 2024-11-27 | Translated from: ikon.mn
MN TOWER - VALUABLE LOCATION
MN TOWER - FAVORABLE PAYMENT TERMS
MN TOWER - PROMINENT SPACE
MN TOWER - READY BUSINESS WITH 10-15% ANNUAL RENTAL RETURN
MN TOWER - SERVICE CENTERS
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For business partners, punctuality is a sign of attention and respect for the work being done. Success and failure both depend solely on time allocation. Since it is in the city's A zone, you can manage your work just by walking through Ulaanbaatar's traffic.
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MN TOWER - PROMINENT SPACE:
For entrepreneurs competing in the business sector and those striving to build their careers, having a workspace that is well-located, comfortable, and close to all necessities is the most crucial factor.
Therefore, location may be the most important thing when making your choice. A favorable office to work in is not only about furniture and atmosphere but also about considering numerous factors such as ventilation and building design. Hence, we offer you a high-grade office built to European standards.
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By ensuring employee satisfaction and comfort, work efficiency increases.
MN TOWER - READY BUSINESS WITH 10-15% ANNUAL RENTAL RETURN:
Esteemed guests, you can choose from premium 31-400m2 office and service spaces located in the profitable business area of west Freedom Square in Ulaanbaatar, with the chance to earn a net rental return of 10-15% annually.
MN TOWER - SERVICE CENTERS:
MN TOWER has service premises on floors 1-6, meeting your business needs with Golomt Bank, Unitel, TOM N TOMS, "OMNI CAPITAL" LLC, Notary, “CU”, electronics stores, beauty clinic, salon, a high-class “Mongolian hot pot” restaurant, and various retail and service businesses like tenant studios and photo studios all in one place.
Address: Chingeltei District, 5th Khoroo, MN TOWER, 20th floor, Ulaanbaatar Properties LLC
Facebook: www.facebook.com/Ubpropertiesll
Phone: 77009919-2
Website: mntower.mn
Notice: Media outlets (Television, Radio, Social, and Web pages) must cite the source (ikon.mn) when using our information in any form, fully or partially.
The processing of accumulated applications for the mortgage program will take 40-55 months
Published: 2024-11-27 | Translated from: ikon.mn
The Government of Mongolia has declared 2025 as the Year of Youth Support. As part of this initiative, the Minister of Culture, Sports, Tourism, and Youth Affairs, Ch. Nomin, and the Minister of Families, Labor, and Social Protection, L. Enkh-Amgalan, presented the mid-term strategy for supporting youth development and the policy and strategy for housing young families during a government session. The mortgage loan program has been implemented since 2013. During this period, the program has stimulated an increase in demand without increasing supply, which has caused housing prices in the market to rise. Unfortunately, it has not targeted its intended groups, instead including individuals with high incomes and the ability to pay an advance. A queue of over two years has formed for mortgage loan applications, and it is projected to take 40-55 months to process the accumulated applications. Minister L. Enkh-Amgalan stated that if processing occurs quickly, the construction supply will not match demand, leading to a price increase that would benefit only sellers. Suggestions included financing 50% of the advance payment from the Loan Guarantee Fund and encouraging youth's advance payment savings by establishing housing advance payment savings accounts in banks, which would support young households. The "Youth Development Support Strategy Plan 2025-2029" was instructed by Minister Ch. Nomin to be presented and approved at the next government session, according to the Government's Information and Public Communication Office. Warning: Media organizations (Television, Radio, Social, and Web pages) must cite their source (ikon.mn) when using our information in any form, in whole or in part.
MN TOWER: A New Space for Your Business in the City's A Zone
Published: 2024-11-27 | Translated from: gogo.mn
MN TOWER - VALUABLE LOCATION
MN TOWER - FAVORABLE PAYMENT CONDITIONS
MN TOWER - PRIME SPACE
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MN TOWER - SERVICE CENTERS
Located on the west side of Freedom Square in Chingeltei District, MN TOWER is only 1 km away from the center of Ulaanbaatar city, adjacent to government offices, ministries, departments, and major organizations. It is a strategic location that saves your precious time and expands your business's reach. For business partners, punctuality is a sign of focus and respect for the work being done. There is even a saying that both success and failure depend only on time management. Being in a prime city A zone, you have the opportunity to complete your work merely by walking through the bustling streets of Ulaanbaatar. MN TOWER - FAVORABLE PAYMENT CONDITIONS:
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For entrepreneurs competing in the business sector and those striving to build their careers, the most crucial factor is an environment that is conveniently located, comfortable, and close to everything you need. That is why the most important thing when making your choice might be the location. A pleasant office to work in involves not only furniture, desks, and chairs but also considering many things such as office environment, ventilation, and building infrastructure. Therefore, we offer you a high-standard European office. You can select up to 1000 square meters of space, with the ability to customize partitions as you wish, and conduct your operations in any field of office services. There is no need to conduct business meetings or agreements elsewhere; MN TOWER, with its high-grade office, represents the face of your business and signifies the success of your organization. Increasing employee satisfaction and comfort will enhance work productivity. MN TOWER - A READY BUSINESS WITH 10-15% ANNUAL RENTAL RETURN
Dear clients, choose from premium 31-400m2 office and service spaces located in the lucrative business area of Ulaanbaatar on the west side of Freedom Square, and enjoy a 10-15% annual net rental income. There is no need to conduct business meetings or agreements elsewhere; MN TOWER, with its high-grade office, represents the face of your business and signifies the success of your organization. Increasing employee satisfaction and comfort will enhance work productivity. MN TOWER - SERVICE CENTERS:
MN TOWER is equipped with service centers from the 1st to 6th floors, catering to the needs of you and your colleagues for a successful business. It hosts a variety of services all in one place, including Golomt Bank, Unitel, TOM N TOMS, “OMNI CAPITAL” BBSB, Notary, "CU", electronics stores, beauty clinics, salons, and the top-class “Mongolian hot pot” restaurant, as well as tenants like a gallerist studio and more. Address: Chingeltei District, 5th khoroo, MN TOWER, 20th floor, Ulaanbaatar Properties LLC
Facebook: https://www.facebook.com/Ubpropertiesll/
Phone: 77009919-2
Website: https://mntower.mn/
Diplomacy
DARKHAN-UUL: The Governor of the Province Met with Representatives of the European Union
Published: 2024-11-27 | Translated from: montsame.mn
The governor of Darkhan-Uul province, B. Azjargal, met today with Pierre Roberto Remitti, Executive Director of the Global Covenant of Mayors for Climate and Energy, and other officials. During the meeting, the parties discussed climate change and the work done under the Friendship Project in Darkhan-Uul province, as well as future actions. They exchanged views on reducing the risks of climate change, natural disasters, and social and economic inequality in cities, towns, and settlements. The governor highlighted the many initiatives undertaken in Darkhan-Uul province. For instance, thanks to the renovation and strengthening of flood protection dams and channels, Darkhan-Uul has been protected from flood risks for the past two years. The province has also introduced eco-friendly electric buses to public transport for the first time in the country. The successful policy of not expanding the informal settlement areas, which are significant sources of soil and air pollution, has been in place for the last 10 years and has set a benchmark nationally. In the framework of the governor's action plan, the dismantling of at least one coal-fired boiler chimney per year was initiated, with one chimney taken down last year. This year, two more steam boilers are planned to be dismantled. The governor emphasized the implementation of concrete measures at the provincial level to combat global climate change challenges. He noted the crucial role of the Friendship Project, funded by the European Union. The Global Covenant of Mayors for Climate and Energy operates on a regional level worldwide. From Mongolia, Ulaanbaatar and Darkhan cities are participating. Pierre Roberto Remitti affirmed the need to incorporate more provinces and cities into the organization for active participation. He expressed satisfaction that Darkhan could learn from other cities and contribute practices that other cities worldwide might study. At the conclusion of the meeting, Governor B. Azjargal wished success to the international forum and study visit on exchange of best practices taking place in Darkhan tomorrow. He expressed gratitude to the Friendship Project for providing many opportunities to create a climate-resilient city. He is confident that many new initiatives to reduce climate change will emerge from tomorrow’s forum, which will be reflected in the governor's action program.
Infrastructure
"UBTZ" LLC: We are focusing on increasing the coal reserves of the power plants
Published: 2024-11-27 | Translated from: ikon.mn
Amidst the intensifying cold of winter, we inquired about how the coal transportation to the capital's power plants (DCS) is being organized from B. Udambuyana, the head of UBTZ's "Ulaanbaatar" station. He stated, "The 'Ulaanbaatar' station of UBTZ plays a crucial role in supplying electricity and heat to 1.6 million people in the capital. This station transports on average 300-350 wagons, or 15,000-25,000 tons of coal daily from Baganuur and Shivee Ovoo mines to the 3rd and 4th Thermal Power Plants. Just today, we have prepared 267 wagons and sent them for coal loading at Baganuur and Shivee Ovoo. To ensure the reliable operation of the power plants during the peak winter demand, UBTZ is giving special attention and organizing the energy coal transportation from November 5th of this year to March 1st of next year according to a strict schedule. As a result of the uninterrupted and reliable organization of coal transportation by UBTZ, DCS-3 and DCS-4 now have coal reserves sufficient for 18-24 days," he answered. To clarify, in addition to the "Ulaanbaatar" station, other stations of UBTZ are responsible for organizing the coal transportation for major cities such as Darkhan and Erdenet. Source: "UBTZ" LLC Notice: Media organizations (Television, Radio, Social and Web pages) must mention their source (ikon.mn) when using our information in any form, either entirely or partially.
Construction of 4C Category Airports in the Altai Tavanbogd and Buur Lake Region to Begin
Published: 2024-11-27 | Translated from: isee.mn
The regular meeting of the government convened on November 27, 2024, during which the following issues were discussed and decided. A government resolution was issued regarding measures to be implemented to increase the flow of tourists and receive visitors throughout all four seasons. Specifically, it was decided to: - Investigate and decide on reducing flight ticket prices by up to 40% compared to summer prices, and increase the number and frequency of domestic flights to align with tourists' weekend trips, securing the schedule; - Operate the airports in Khovd, Mörön, Choibalsan, Dalanzadgad, Deglii Tsagaan, and Chinggis with 3C, 4C, and 4D categories, and initiate the construction of 4C category airports in the regions of Altai Tavanbogd and Buur Lake; - Extend the visa-free period for tourists arriving from the Republic of Korea, and increase the number of countries eligible for visa-free entry according to appropriate regulations; - Activate cross-border tourism activities; - Enhance the operations of ports such as Tsagaannuur, Borshoo, Artsuur, Khankh, Ereentsav, Khavirga, Sumber, Shiveekhuren, and Gashuunsukhait to international standards, and extend working hours to support travel programs, facilitating agreement and related negotiations with neighboring countries; - Implement on-the-spot visa issuance for tourists entering Mongolia through border checkpoints and establish a special pathway for group tourists; - Elevate events such as Lunar New Year, "Khokh Suvd," "Mazaalai" snow and ice festival, "Thousand Horses of the Steppe," and "Nomadic Winter" to international standards and organize them at a high level; - Establish sanitary facilities for tourists at appropriate locations according to standards and address the challenges in developing tourism as stipulated in the resolution, assigning responsibilities to the relevant government members and officials.
H.Nyambaatar Follows N.Altankhuyag's Example by Taking on Debt to Fund Road Repairs and Housing Projects
Published: 2024-11-27 | Translated from: isee.mn
N. Altankhuyag, during his term as Prime Minister, accumulated a debt of $1.5 billion through the "Chinggis" bond and $600 million through the "Samurai" bond. When questioned by journalists on how these debts would be repaid, former Prime Minister N. Altankhuyag stated, "Our children will repay the bond debts." Essentially, a bond is a "debt certificate" left to future generations. To potentially pay off current bond debts, road usage fees are reportedly being quadrupled. In 2024, Mayor H. Nyambaatar issued a domestic bond worth 500 billion MNT and a closed foreign bond worth $500 million. Of the 500 billion MNT domestic bond, 300 billion was loaned to the "Boereljüütiin Power Plant" project, 150 billion was spent on repairing roads in Ulaanbaatar, and the remaining 50 billion was used to finance the "Tuul-1" collector. Despite warnings to treat bond money cautiously, N. Altankhuyag used a significant portion for road construction, leading to criticism in the press at the time, "May the road he built for $200 million not wash away in just two rains." Similarly, following in N. Altankhuyag's footsteps, Mayor H. Nyambaatar used 150 billion MNT from the domestic bond to repair Ulaanbaatar's roads this fall. The criticized road work, known as "brodyr," was funded by the bond. Sources suggest that the "Road Fund" might have been used as collateral to raise the bond. Thus, next year, the road usage fee in Ulaanbaatar might quadruple, increasing taxes on vehicles based on engine displacement: vehicles with up to 2001 cubic cm could see taxes rise from 24 MNT per cm³ to 96 MNT per cm³, vehicles with 2001-3001 cc engines from 27 MNT per cm³ to 108, and vehicles over 3001 cc from 33 MNT per cm³ to 132. Meanwhile, the "Baganuur Power Plant" project might be stalled with the Boereljüütiin plant advancing in its place. The 300 billion MNT domestic bond was reportedly given as a loan to "Golomt Bank" for the Boereljüütiin Power Plant project led by D. Bayasgalan. Initially planned for 300 MW, the Boereljüütiin plant was expanded to 600 MW after the political delay of the Baganuur plant, which was planned to be 700 MW. Many suspect D. Bayasgalan's involvement in stalling the Baganuur project, given that journalists from Eagle TV, which he owns, aired a negative program alleging that building the plant would lead to Chinese settlements and increased military influence. The "Baga Nuur Power" LLC had signed a concession agreement in 2015 to build the Baganuur power station, with a total project cost of $1.2 billion. Under the Build-Operate-Transfer scheme, Mongolia would take over the station for free after 25 years with no additional government guarantees required. Moreover, in November 2024, Mayor H. Nyambaatar issued a closed $500 million bond for Ulaanbaatar city at a 7.75% interest rate. This debt is due for repayment by August 2027. The foreign bond will finance the Seulbe district development and housing in ger (tent) districts. Mayor Nyambaatar explained the reasoning, saying, "We had two options for foreign bonds: open market presentation or a time-suited closed bond. An open market would require waiting until next year, along with amending the 'Debt Management Law' and adjusting the budget. Additionally, a Ulaanbaatar bond contributes to foreign currency reserves, so we opted for a closed bond at 7.75% over three years for $500 million." Investors include BlackRock, purchasing $100 million, and Finco, buying $200 million of the bond. The city will repay with a 7.78% interest rate by 2027. BlackRock is a U.S. multinational investment firm, ranked No. 229 in the Fortune 500, criticized for investments in industries and regions with ethical concerns. If verified, Finco, a New York-based financial services and software development company, purchased $200 million of the city's bond. The expression "easy to say, hard to do" applies here. H. Nyambaatar might repeat N. Altankhuyag's "putting the country into debt" story by indebting Ulaanbaatar's population. If the $500 million foreign bond isn’t repaid by 2027, future generations will inherit it, with potential rises in road use taxes and electricity fees to service domestic bond debts.
Due to Rusty Water, the 4.8 km Main Water Pipeline in Yarmag has been Renovated
Published: 2024-11-27 | Translated from: gogo.mn
In the Yarmag area, specifically across the territories of the 23rd and 24th subdistricts of Khan-Uul district, the main 4.8 km clean water pipeline has been completely renovated using rust-free pipes. There were numerous complaints from the residents of these subdistricts in Khan-Uul district about the emergence of rusty water. As a result, the project to renovate the clean water pipeline of the Yarmag region is being carried out in phases. This year, the 4.8 km clean water pipeline, which covers the 23rd and 24th subdistricts of Khan-Uul district, has been fully renovated, and clean water has been delivered to consumers through the new pipeline. Over 500 buildings and structures in the area receive their clean water from this source. Moreover, it is necessary to regularly maintain and clean the internal plumbing networks of apartment complexes and buildings around Yarmag, as well as those managed by housing offices. This will completely resolve the issue of rusty water. MEDIA AND PUBLIC RELATIONS DEPARTMENT OF THE ULAANBAATAR CITY GOVERNOR'S OFFICE
Society
To Attract Tourists, "Khukh Suvd" and "Mazaalai" Snow and Ice Festivals to be Organized
Published: 2024-11-27 | Translated from: gogo.mn
At today's cabinet meeting, the government passed a resolution on measures to be implemented to increase the flow of tourists and receive visitors throughout all four seasons. The resolution includes: - Studying and resolving the issue of reducing flight ticket prices by up to 40% compared to summer rates, increasing the number and frequency of domestic flights according to tourists' weekend trips, and confirming schedules. - Operating airports such as Khovd, Murun, Choibalsan, Dalanzadgad, Deglii Tsagaan, and Chinggis at 3C, 4C, 4D classifications, and initiating the establishment of a 4C classified airport in the Altai Tavan Bogd, Buir Lake area. - Extending the visa exemption period for tourists from South Korea and increasing the number of countries eligible for visa-free entry according to the relevant regulations. - Activating border tourism activities. - Enhancing the operations of border crossings such as Tsagaannuur, Borshoo, Ar Tsuur, Khankh, Ereentsav, Khavirga, Sumber, Shiveekhuren, and Gashuunsukhait to an international level and studying and resolving the issue of extending working hours and negotiating with neighboring countries to operate on weekends. - Providing short-term visas to tourists entering Mongolia through border crossings and creating special lanes for group tourists. - Organizing events such as Tsagaan Sar: the Lunar Calendar's Spring First Month Celebration, "Khukh Suvd," "Mazaalai" Snow and Ice Festival, "Talin Tumen Aduu," "Winter of Nomads" at an international level. - Establishing public restroom facilities in appropriate locations according to standards to address issues in developing tourism. The resolution tasks relevant government members and officials with implementing these measures to address challenges in tourism development.
Environment
Agreed to increase climate finance to up to USD 300 billion annually
Published: 2024-11-27 | Translated from: gogo.mn
President U. Khurelsukh participated in the high-level meeting of world leaders on climate change issues at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change, held in Baku, Azerbaijan. The 29th session of the Conference of the Parties to the UNFCCC, the agreements and conventions related to its implementation, and the meetings of the two main permanent committees of the Convention were held simultaneously in Baku from November 12-24. The closing plenary session of the 29th Conference of the Parties took place on the morning of November 24, where decisions on the main issues were presented and adopted. For instance, an agreement was reached to increase the amount of climate finance for developing and least developed countries up to USD 300 billion annually. The parties also agreed to support efforts to gradually increase the amount of climate finance with the involvement of both the public and private sectors to USD 1.3 trillion by 2035. UN Secretary-General António Guterres stated that this agreement was essential to keep global warming at 1.5 degrees Celsius but "hoped to achieve larger outcomes regarding financing and reducing the damages caused by climate change." Countries also agreed on the provisions of rules to regulate the global carbon market. Source: President's Office
Renewable Energy Projects Undertaken in the Western Region
Published: 2024-11-27 | Translated from: montsame.mn
The Government of Mongolia, in collaboration with the Asian Development Bank (ADB), is implementing new renewable energy source projects to increase renewable energy in the western region. This includes connecting solar and wind power plants with a capacity of 40.5 MW to the Altai-Uliastai energy system, as well as constructing and commissioning energy storage stations. The 5 MW solar power plant in Uliastai has supplied 18 million kWh of electricity in two years. Additionally, there are 10 MW solar power plants operating in Govi-Altai aimag's Yesunbulag soum, a 0.5 MW hybrid system in Altai soum, and a 10 MW solar plant in Murun, Khuvsgul, producing continuous energy. Moreover, the heat supply of the kindergarten I building in Jargalant soum, Khovd aimag, was addressed by installing a 135 kW ground-source heat pump system, reducing coal consumption and carbon emissions. Coordinator engineer B. Sugaraa provided insights into the projects. According to him, solar power stations are being constructed and commissioned with concessional funding from ADB, as part of the government and Ministry of Energy's initiative to increase renewable energy sources in provinces distant from the central energy system. This initiative has become the second largest energy source, producing 17.2 million kWh of electricity annually to supply clean energy to the residents of the western region. He was asked to explain the technology used in utilizing geothermal energy in the western region, and the significance of these new energy sources. Generally, the ground becomes warmer as you go deeper, becoming hotter at depths of 2-3 kilometers, which can provide an additional 2-5 degrees Celsius of warmth. However, the ground cannot generate or store heat by itself, so the heat must be extracted. This is achieved by placing bodies that can absorb heat deep underground, where they absorb the heat, turn into liquid, and boil at a certain temperature, which depends on the pressure of heat extraction. Compressed heat at 40-50 degrees is used for building heating. Initial costs and investments are high, but this technology replaces traditional fossil fuels, with significant importance in environmental conservation. The technology is being refined with experiments in the western region. Beyond the western region, ADB and the Government of Mongolia are jointly implementing a "Large Capacity Storage for Energy Network Use" project in the capital city. The project, with a total cost of USD 114.95 million, is broken down as follows: USD 100 million concessional loan from ADB, USD 3.0 million aid from ADB, and USD 11.95 million from the Government of Mongolia. This large capacity storage project aims to prevent electricity restrictions for around 20,000 households in the capital during peak loads. The "Large Capacity Storage for Energy Network Use" project coordinator M. Naranbat stated that 51.1 million kWh of electricity had been supplied to the central energy system through the Songino substation from December 2023 to October 2024. The project is planned to be fully operational by December of the current year. The energy storage system with an 80 MW/200 MWh capacity will be installed and operational in the territory of the 32nd khoroo, Songinokhairkhan district.
The World Will Be Unable to Manage Plastic Waste in 10 Years
Published: 2024-11-27 | Translated from: itoim.mn
If countries do not agree to limit their production, the world will be unable to manage its plastic waste in ten years, relevant officials have warned. During negotiations in Busan, South Korea, last week on stopping plastic waste, Norway's Minister of International Development, Anne Beathe Tvinnereim, stated, "The world now needs leadership and good news. Researchers have detected microplastics in placenta samples, and plastic has been found in human arteries related to heart attacks and strokes. Additionally, plastic is contained in human testicles and semen, proving that plastic is everywhere. "The plastic crisis is a 'threat' to human health, biodiversity, and the climate," she said. Talks to reduce plastic waste began on Monday and will continue until the first of next month. "Of course, we need to increase recycling and waste management, but if we don’t reduce production and use, we won’t be able to cope with plastic waste in ten years," Tvinnereim emphasized. Plastic consumption is set to triple globally by 2060, with the largest increases expected in sub-Saharan Africa and Asia. Plastic waste is also projected to triple by 2060, with half being landfilled and less than five percent recycled. In many countries, single-use plastics are banned. Uncertainty around the negotiations is being exacerbated by the U.S. position. The U.S., one of the largest plastic producers, recently announced it would support an agreement to limit production. However, the possibility of Donald Trump returning as U.S. President in January adds uncertainty to the situation.
COP 29: Agreement to Increase Climate Finance to $300 Billion Annually for Developing Countries
Published: 2024-11-27 | Translated from: ikon.mn
The 29th Conference of the Parties (COP 29) to the United Nations Framework Convention on Climate Change, along with its implementation agreements, treaties, and the main sessions of the two permanent committees of the Convention, was simultaneously held in Baku, Azerbaijan, from the 12th to the 24th of this month. The 29th Conference of the Parties (COP 29) took place under the theme "Unity for a Green World." During this conference, Mongolia's President U. Khurelsukh participated in a high-level meeting of world leaders on climate change. The closing plenary of the 29th Conference of the Parties was held on the morning of November 24, where decisions were presented and approved on core issues. In particular, an agreement was reached to increase climate finance for developing countries and least developed countries to up to $300 billion annually. It was agreed that both the public and private sectors would effortfully support increasing climate finance, intending to raise it step by step to $1.3 trillion by 2035. UN Secretary-General Antonio Guterres stated that this agreement was essential to maintaining global warming at 1.5 degrees Celsius, though expressing hope for more substantial outcomes in resolving major issues and mitigating the adverse impacts of climate change. Countries also reached an agreement on regulatory clauses for the global carbon market, as informed by the Presidential Office. Attention: Media organizations (Television, Radio, Social Media, and Websites) must ensure to cite the source (ikon.mn) when using our information in any form, whether fully or partially. Please be aware of this requirement!
S. Amarsaikhan: The Winter Will Be Colder and Precipitation Will Be Higher
Published: 2024-11-27 | Translated from: itoim.mn
Deputy Prime Minister S. Amarsaikhan provided information regarding the winter conditions. He stated, "In preparation for spring, we held a virtual meeting with the leadership of 21 provinces to exchange information on specific issues. The risk of a dzud is high nationwide. As of today, we have conducted performance evaluations regarding essential issues for getting through the winter, such as reserves of hay and feed, wells, fences, and shelters that are imperative at the provincial and local level. Currently, 87 percent of winter preparations have been completed. However, a high percentage of preparations does not guarantee safety. There are cases where winter preparations are insufficient due to the risks of dzud, precipitation, and adverse weather conditions. In conducting a risk assessment for dzud nationwide, the provinces of Bayan-Ulgii, Uvs, Khovd, Govi-Altai, Zavkhan, Bayankhongor, Omnogovi, and Dornogovi have high risks this year due to being affected by drought. In particular, the risk level is very high in Arkhangai, Bayan-Ulgii, Govi-Altai, Zavkhan, Sukhbaatar, and Tuv provinces, and the dzud situation is severe or above average nationwide. This year, compared to previous years, the cold will be more severe, and precipitation is expected to be higher. Therefore, we have started appointing rapid response teams to work in 21 provinces and 330 soums to ensure readiness at the provincial and local levels, to make the new cooperative movement's activities more efficient, to provide proposals and recommendations for future actions, to assess the dzud situation and potential conditions on-site, and to take necessary measures as needed. From today, the emergency headquarters under the National Emergency Management Agency (NEMA) will be on 24-hour standby.
Health
International Organizations to Support Health Sector
Published: 2024-11-27 | Translated from: unuudur.mn
The Ministry of Health, WHO, and UN agencies collaborated to organize a meeting and discussion on "Winter Preparedness and Response in the Health Sector." The Minister of Health highlighted at the start of the conference that they are pursuing a policy of preventing diseases and early detection before citizens fall ill. For example, early detection programs targeting groups such as newborns, schools, those with cancer, and workplaces have been organized. The situation of winter preparedness, pressing issues, needs, seasonal flu outbreaks, dzud (harsh winter), air pollution, and socio-economic consequences, along with plans to ensure readiness, were discussed with international organizations and representatives from different sectors. UNICEF, UNFPA, the Japan International Cooperation Agency (JICA), the Mongolian Red Cross Society (MRCS), and the World Bank identified in which areas they will provide support and agreed to work without overlap. Strengthening local resource mobilization was emphasized by N. Bolormaa, Secretary General of the MRCS. Additionally, Tapan Mishra, UN Resident Coordinator, underlined that this health meeting plays an essential role in coordinating intersectoral activities and mentioned that joint efforts are needed not only based on what can be done but also by assessing needs and planning actions for the short, medium, and long term.
T.Munkhsaikhan: Stopped Insurance Funding for Hospitals with Contract Overruns
Published: 2024-11-27 | Translated from: itoim.mn
The Health Insurance General Office has halted funding from November 21 to December 10 for treatments that can be postponed at hospitals with contract overruns. Health Minister T. Munkhsaikhan made an announcement regarding this matter. Health Minister T. Munkhsaikhan stated: "It is true that the health insurance fund is under financial strain. The fund has limited resources, thus contracts for providing care and services have been made with hospitals within those limits. Major state hospitals are experiencing contract overruns." For example, hospitals such as the Mongolia-Japan Hospital, State 3rd and 1st Central Hospitals, and the National Trauma and Orthopedic Research Center are facing contract overruns. However, there is no suspension of urgent and necessary care and services at these hospitals due to contract overruns. Only treatments for chronic illnesses, such as spa treatments or chronic fatigue, have been deferred to the next year as per the contract, advising those hospitals to continue providing their services accordingly. Because the flu outbreak season is starting again, there is a high risk of infection and spread in hospitals. Therefore, these supplemental services should be provided after the flu season has ended according to the new arrangements. In general, as the ministry of health, a policy-defining organization, it is our legal and primary duty to make decisions in accordance with current conditions. According to the Minister and the Health Insurance General Office, hospitals will continue to provide emergency care and services as usual. However, the health insurance will temporarily not apply for chronic diseases and other conditions needing hospital care. Especially as hospitals like the Mongolia-Japan Hospital, the State 3rd and 1st Central Hospitals, and the National Trauma and Orthopedic Research Center have contract overruns, insurance will not cover these until funding from next year's budget begins.
T.Munkhsaikhan: Stopped funding for hospitals over budget
Published: 2024-11-27 | Translated from: itoim.mn
The General Agency of Health Insurance has suspended funding for treatments that can be postponed at hospitals over their budget limit from November 21 to December 10. Health Minister T. Munkhsaikhan made a statement regarding this. Health Minister T. Munkhsaikhan stated, "It is true that the health insurance fund is in a difficult situation. Since the fund has limited resources, it has made contracts with hospitals to provide services within those limits. There is an overrun in contracts at major state hospitals. For instance, hospitals such as the Mongolia-Japan Hospital, the National Trauma and Orthopedic Center, and the Third and First State Central Hospitals are over their contract limits. However, this does not mean urgent necessary services and treatments have been stopped at these hospitals due to contract overruns. Instead, treatments for chronic diseases, such as spa treatments or chronic fatigue that can be admitted according to the contract, have been deferred to the next year. They are asked to provide these services then. With the start of the flu season, the risk of infection and spread is high in hospitals. Therefore, these services should be provided after the flu season ends. In general, as a policy-making body, the Ministry of Health is tasked with making necessary decisions considering the current situation, which is our lawful responsibility. According to the Minister and the Health Insurance Agency, hospitals will continue to provide emergency services as usual, but health insurance will not temporarily cover chronic and other non-essential treatments. Due to contract overruns at frequently visited hospitals such as the Mongolia-Japan Hospital, the National Center for Traumatology and Orthopedics, and the Third and First State Central Hospitals, it seems they will not provide coverage until the next year's budget begins.
Member discussion