“- The new flyover will ensure traffic safety, avoiding meeting of railway crossing with auto road and will lower road load by improving passing capacity of roads. The flyover is planned to be constructed in 2017-2019” said Governor of the Capital S.Batbold.

The project’s total cost of USD42.38 million will be funded with a soft loan from the People’s Republic of China. Ambassador Xing Haiming said “During PM J.Erdenebat’s recent visit to China, the two countries have agreed to cooperate in ‘Belt and Road' program and this project is a part of the agreement. The flyover will be an actual work visible to people. The construction project relates to ‘Road and Belt' and ‘Road to Development’ project suggested by Mongolia. Therefore, a preferential loan is being granted by the Chinese Government and I pledge that we will complete the project with high quality within the duration indicated in the contract, involving leading construction company of our country” said the Ambassador.
B.Ooluun

The Deputy Prime Minister signified the cooperation in the legal sector at the beginning of the meeting and expressed his gratitude towards the establishment of working groups to settle current issues on border relations, as well as to educate and professionalize Mongolian students.

Russian Minister Vladimir Kolokotsov is paying a visit to Mongolia at the invitation of Minister of Justice and Home Affairs S.Byambatsogt. Within the framework of his visit, a cooperation agreement between the Mongolian Ministry of Justice and Home Affairs and Russian Ministry of Internal Affairs was renewed and signed today.

After his meeting with the Deputy PM, Mr. Vladimir Kolokotsev met with Parliament Speaker M.Enkhbold.

On behalf of Mongolia, Speaker M.Enkhbold made requests to sign cooperation documents against terrorism, facilitate residency permit required for Mongolians traveling to Russia and stop conflicts between the public and law enforcers without giving much trouble.

Mr. Vladimir Kolokotsev said "We've made a protocol of cooperation in December 2016 and I'm grateful that we now signed the cooperation agreement today. The agreement includes many important issues such as the fight against drug abuse".

As for your request, It is noteworthy that the citizens are enjoying mutual visa-free travel between both countries. We will further support legitimate travel. However, we are strongly against illegal residency or immigration. The Russian Federation has the highest number of immigrants after the United States. As there is currently a fear of terrorism and organized crime throughout the world, special immunity would be difficult. But some resolutions may be possible. Aside from that, we share the same view and these will be presented to the higher officials" responded Mr. Vladimir Kolokotsev, Minister of Internal Affairs of Russia.

B.Tugsbilig

BA, part of airline group IAG, is seeking to limit the damage to its reputation and has apologised to customers after hundreds of flights were canceled over a long holiday weekend.

The airline provided a few more details of the incident in its latest statement on Wednesday. While there was a power failure at a data center near London's Heathrow airport, the damage was caused by an overwhelming surge once the electricity was restored, it said.

"There was a total loss of power at the data center. The power then returned in an uncontrolled way causing physical damage to the IT servers," BA said in a statement.

"It was not an IT issue, it was a power issue."

Investigations were continuing into the cause of the power surge, it added.

BA had already spoken of an "exceptional power surge" in a statement on Monday, which had been so strong that it rendered the back-up system ineffective.

BA Chief Executive Alex Cruz has also rejected criticism from trade union GMB that the outage could have been avoided had it not decided to outsource IT staff to India.

IAG Chief Executive Willie Walsh, who had been silent in the media in the immediate aftermath, admitted the fiasco had damaged BA's brand but denied that its IT centres were too old.

"We invest billions in new equipment. If investment is required, we make the investment," Walsh was quoted as saying by the Times newspaper.

Experts have questioned how a power surge in one location could knock out both a main IT system and a back-up system.

Rival airline Ryanair has said it has IT systems in three different locations to minimise the risks of a similar outage.

"It is unfortunate that an established airline such as British Airways has proven to be so vulnerable," said Nadejda Popova, a travel project manager at Euromonitor.

"It's shown that they have poor risk management - this was an illustration of what not to do."

(Reporting by Alistair Smout in London and Victoria Bryan in Berlin; Editing by Keith Weir)

After taking comments from several parliament members, the State Great Khural /Parliament/ voted for dismissing J.Batsuuri from the position of Minister of Education, Culture, Science and Sports with 64.3 percent approval.

Parliament Speaker M.Enkhbold reminded the cabinet to appoint an acting minister within this week.
Prime Minister J.Erdenebat submitted a request to dismiss Minister of Education to the Speaker on May 30.

J.Munkhbat, Head of Cabinet Secretariat will serve as acting Minister of Education until the new Minister takes office. Prime Minister J.Erdenebat is expected to introduce his proposal for the Minister of Education, Culture, Science and Sports after he arrives in Mongolia from Russia, attending the St. Petersburg International Economic Forum. 
B.Amarsaikhan

The Premier will deliver remarks at the opening session of the forum, attend an extended meeting and meet with his counterparts from Serbia and India to discuss bilateral ties. Also, chairman of Council of the Eurasian Economic Commission, acting head of the Republic of Buryatia, Russia and other Russian delegates will pay courtesy calls on the Mongolian PM.

Furthermore, Prime Minister J.Erdenebat is set to participate in the signing of bilateral documents between Mongolia and Russia, such as rendering humanitarian assistance from Russia to Mongolia and cooperating in public communications as well as in the energy industry between the energy ministries of Mongolia and Russia.

B.Amarjargal

Delegates of Mongolia, headed by Deputy Minister of Labor and Social Protection S.Mungunchimeg attended the forum. The Mongolian delegates, composed of representatives from the Ministry of Labor and Social Protection, Ministry Justice and Home Affairs, Ministry of Finance, Ministry of Health, Ministry of Education, Culture, Science and Sports and Agency of Family, Children and Youth Development, reported on the Government policy and measures taken in regard to children’s rights protection, strengthening national system, improvement of legal environment, education, health and social welfare of children and answered to questions by the Committee members.

The members appreciated Mongolian efforts in renewing the legal environment by passing new and revised laws on Children’s right, Children’s Protection and Domestic violence as well as having paid attention to realize recommendations on ensuring children’s rights by the committee during the last discussion. Conclusions and recommendations regarding the report of Mongolia will be officially issued by the Committee on June 08.

The International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB), Japan, Korea and the People’s Bank of China (PBoC) launched the rescue effort on May 24.

The IMF agreed to disburse around $434 million in funding as part of a three-year programme, while the World Bank, ADB, Japan and Korea also contributed budgetary support, bringing the total financing package to around $5.5 billion. The PBoC agreed to extend a swap arrangement with the Bank of Mongolia.

“The authorities’ programme aims to stabilise the economy, restore confidence, and pave the way to economic recovery,” the IMF said in a statement.

Growth in Mongolia rocketed after 2010, driven by high commodity prices and a mining boom financed in large part by investment from China. The economy became the fastest growing in the world, with GDP growth peaking at 17.3% in 2011.

Since then, falling commodity prices and a slowdown in the Chinese economy have left the economy battered and the government’s budget, which ballooned during the boom, looking seriously overstretched. Growth was just 1% in 2016.

IMF deputy managing director Mitsuhiro Furusawa says fiscal consolidation is a “critical element” of the programme. The IMF is urging the creation of an independent fiscal council and implementation of a “sizeable” fiscal adjustment, targeted to limit the impact on the most vulnerable people.

The government is also working on a new central bank law, which is “envisaged to strengthen the governance and independence of the Bank of Mongolia,” Furusawa says.

The programme aims to lend support to the banking sector, improve the supervisory and regulatory framework, and strengthen anti-money laundering rules. Structural reforms are pitched at improving the “business environment” and helping the economy diversify away from the minerals sector.

The ADB said the outlook for Mongolia is improving, forecasting growth of 2.5% in 2017 and 2% in 2018 as large mining investments come online. “Strengthening the management of natural resources revenue remains a major challenge,” the organisation said in a report in April.

Fitch, the ratings agency, says the financing arrangement should put the economy on a “more stable footing”, though it notes there will be challenges in hitting budget targets, and medium-term debt sustainability is still contingent on the success of the mining projects. Mongolia’s current rating is B– with a stable outlook.

“The support package and stronger market confidence should ensure that Mongolia can meet its external obligations over the next few years, and should support greater stability of the Mongolian tugrik,” Fitch said in a statement on May 28.