Some MPs of the Economic Standing Committee, asked questions whether the International Monetary Fund has advised to improve Oyu Tolgoi agreement and to make up budget revenue through raising tax on gold, and whether estimation of dollar exchange rate in the budget bill, equaling MNT2538, was projected realistically.

According to the answers of the working group, IMF has given instruction to keep the currency exchange rate stable and to make up budget revenue not depending on mining. MP Ts.Davaasuren made a proposal to improve activities in Oyu Tolgoi and Tamsag mines and transmit income from the mines through the Bank of Mongolia, when distributing the income to relevant organizations. Majority of MPs of the standing committee supported the proposal.

The Cabinet will focus on economic recovery and increasing growth in the short term, solving debt repayments, increasing the stability of the banking system, attracting more investment and providing care for the elderly.

T.Enkhtuvshin, governor of Dornogovi has signed a cooperation agreement with E.Batzaya, director of ‘Desert Solar Power Waun’ LLC to construct the new power plant. The company is to begin construction work on the 30 mwt facility in May and plans to complete work by the end of the year.

The new power plant could potentially provide clean energy to households and to create 30-40 jobs.

Sainshand is the provincial capital of Dornogovi and an important town on the Trans-Mongolian railway. For many years it was planned to establish an 'industrial hub' in the vicinity for processing Mongolia's abundant raw materials. Currently, Sainshand is the proposed site of Mongolia's only oil refinery.

According to Minister of Labor and Social welfare, it is not clear yet, how much per cent out of all children will get child allowance, as the survey to define family livelihood level has just finished awaiting its results.

The Budgetary Standing Committee will discuss all proposals and conclusions of the standing committees before the second discussion of the budget bills at the plenary meeting.

Moreover, she said that the one of the ways to diversify the Mongolia's mining and animal husbandry-oriented economy is development of tourism sector.

Mongolia took part in ITB Berlin 2015 International tourism trade fair as an official partner with an aim to promote Mongolia abroad and jointly organized an International Silk Road Conference on Nomadic Tourism and Sustainable Cities in Ulaanbaatar in 2016 with the World Tourism Organization (UNWTO) and the World Cities Scientific Development Alliance (WCSDA).

In this connection, the Minister highlighted the significance of the conference, which gathered about 300 representatives from UNWTO Silk Road program member states, UNWTO affiliate members and Sister Cities International.

As Italy is famous for ancient history, culture, architecture and literature, it is one of the Silk Road Member States which receive the largest number of tourists each year. For instance, from Mongolia, about 8500 tourists traveled to Italy, whereas, Mongolia received over 3000 tourists from Italy last year.

Furthermore, Minister D.Ouynkhorol expressed her interest to cooperate with Italy towards training tourism event organizers, developing water tour in the Lake Khuvsgul, establishing temporary accommodation complex to enable safe and comfortable travel in the region, developing brand name products titled “Travels of Marco Polo”, promoting Mongolia in Italy, increasing the number of mutual travels, and signing MOU on cooperation of tourism development between the Governments of the two countries.

In turn, Ms. Dorina Bianchi, Deputy Minister of Culture and Tourism of Italian Republic agreed on signing MOU as well as informed that Italy is ready to open Mongolian representative office of tourism in Rome to promote Mongolia in Italy. “Opening of the representative office in Rome will have a great significance to strengthen the promotion of Mongolia” she said. Moreover, Ms. Dorina Bianchi expressed her willingness to develop tourism near the Lake Khuvsgul, open tourism center of Italy in Mongolia as well as to jointly organize exhibitions of the Great Empires of the two countries. Tourism in Italy is being developed in two areas, sports and nature.