1 MONGOLIA, ITALY ESTABLISH A STRATEGIC PARTNERSHIP WWW.MONTSAME.MN PUBLISHED:2025/12/03      2 MONGOLIA TO CHAIR CAREC PROGRAM IN 2026 WWW.QAZINFORM.COM  PUBLISHED:2025/12/03      3 GOLD PURCHASE BY MONGOLIA'S CENTRAL BANK DOWN 14.2 PCT WWW.XINHUANET.COM PUBLISHED:2025/12/03      4 OVERNIGHT TEMPERATURE DIPS TO MINUS 43 DEGREES CELSIUS IN W.MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/12/02      5 MONGOLIA, RUSSIA AGREE ON INTERREGIONAL COOPERATION UNTIL 2030 WWW.MONTSAME.MN PUBLISHED:2025/12/02      6 PRODUCTION OF KEY EQUIPMENT FOR MONGOLIA’S OIL REFINERY NEARS COMPLETION IN INDIA WWW.MONTSAME.MN PUBLISHED:2025/12/02      7 MONGOLIA AND CHINA STEP UP COOPERATION ON MEAT TRADE WWW.MONTSAME.MN PUBLISHED:2025/12/02      8 PRESIDENT KHURELSUKH WELCOMED BY PRESIDENT SERGIO MATTARELLA WWW.MONTSAME.MN PUBLISHED:2025/12/02      9 REAL ESTATE BROKERAGE FIRMS FACILITATE MNT 2.25 TRILLION IN PROPERTY SALES IN Q3 2025 WWW.MONTSAME.MN PUBLISHED:2025/12/02      10 TEAM MONGOLIA’S ATHLETIC PROWESS MAKES A SPLASH ON NETFLIX WWW.THEDIPLOMAT.COM PUBLISHED:2025/12/02      ЭМИЙН ЧАНАРЫН ХЯНАЛТЫН ҮНДЭСНИЙ ЛАВЛАГАА ЛАБОРАТОРИ ИРЭХ ОНЫ НЭГДҮГЭЭР УЛИРАЛД АШИГЛАЛТАД ОРНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/03     НИЙСЛЭЛД ТАВАН ДЦС, НЭГ ДУЛААНЫ СТАНЦ ЖИЛД 5.8 САЯ ГАРУЙ ТОНН ТҮҮХИЙ НҮҮРС ТҮЛДЭГ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/03     2026 ОНД НИЙСЛЭЛД 53.74 КМ АВТО ЗАМ ШИНЭЭР ТАВИНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/03     ТЭЭВРИЙН ХЭРЭГСЛИЙН ШИЛЖИЛТ ХӨДӨЛГӨӨНИЙГ ЦАХИМААР ХИЙДЭГ БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/02     МОНГОЛ УЛС КАРЕК ХӨТӨЛБӨРИЙГ 2026 ОНД ДАРГАЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/02     "ЗЭЭЛ ТӨЛӨӨД ӨГӨӨЧ, ҮНЭ НЭМЭЭД ӨГӨӨЧ ГЭЭД СУУЖ БАЙНА. ӨӨРСДӨӨ ЮУ ХИЙХ ВЭ ГЭДЭГ НЬ ТОДОРХОЙГҮЙ" WWW.GOGO.MN НИЙТЭЛСЭН:2025/12/02     ЧГД, СБД-Т ЧӨЛӨӨЛСӨН ТАЛБАЙД БАРИХ 3800 АЙЛЫН ОРОН СУУЦЫГ 2027 ОНЫ III УЛИРАЛД ДУУСГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/12/02     ИТАЛИ УЛСЫН ЕРӨНХИЙЛӨГЧ СЭРЖО МАТТАРЭЛЛА ИРЭХ ЖИЛ МОНГОЛД АЙЛЧИЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/02     ЕАЭЗХ-НЫ МОНГОЛТОЙ БАЙГУУЛСАН ХУДАЛДААНЫ ТҮР ХЭЛЭЛЦЭЭРИЙГ ИРЭХ ОНЫ ДУНД ҮЕЭС ХЭТРҮҮЛЭХГҮЙ БАТАЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/02     АВЛИГЫН АСУУДЛААР ГАДНЫН БАНКНЫ ХОРИГТ ОРСОН АХ, ДҮҮ ХОЁРЫН ОХИН КОМПАНИУД АЛТ, ГАЗРЫН ХОВОР ЭЛЕМЕНТИЙН ОРД ЭЗЭМШДЭГ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/02    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

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President of Mongolia and Governor-General of Australia Hold Official Talks www.montsame.mn

President of Mongolia Khurelsukh Ukhnaa and Governor-General of the Commonwealth of Australia Samantha Mostyn held an official meeting on September 5, 2025.
During the meeting, the two Heads of State reviewed the achievements in bilateral relations and cooperation over the past 50 years, expressing their commitment to further expand and enrich these ties with new content. They affirmed their intention to deepen cooperation across a wide range of sectors, including education, mining, and agriculture. Both sides praised the development of relations under the framework of an “Expanded Partnership” since 2007 and reaffirmed the mutual goal of elevating the relations of the two countries to the level of a “Comprehensive Partnership” in the near future.
President Khurelsukh noted that the current visit, taking place more than 30 years after the last Governor-General-level visit, marks a new chapter in bilateral relations. He highlighted Australia as an important “third neighbour” that shares the core democratic values of Mongolia, such as human rights, freedom, and a market economy, and as a close partner in the Indo-Pacific region. The President emphasized the symbolic role of the Oyu Tolgoi project and the “Mongolia–Australia Minerals Cooperation Program” in refining Mongolia’s legal and regulatory environment in the mining sector, expanding business cooperation, and strengthening human resource capacity. He underscored the importance of increasing Australian investment in Mongolia and implementing joint projects and programs.
Governor-General Mostyn stressed that Australia attaches great importance to its relations and cooperation with Mongolia, a country sharing common democratic values. She noted with satisfaction that people-to-people ties and exchanges have been strengthening year by year, and expressed her delight that young Mongolians educated in Australia are making valuable contributions to their home country’s development. The sides discussed expanding cooperation in education, gradually increasing scholarship quotas, aligning with the “President's Scholar 2100” Scholarship Program, facilitating Australian volunteer teachers to work in Mongolia, and implementing short- and medium-term training programs.
The two Heads of State agreed that, as nations with pastoral and farm-based livestock sectors, overcoming and addressing global challenges such as climate change, desertification, land degradation, and food security constitutes a shared objective. They discussed implementing joint projects and programs in this regard, including with the Australian Centre for International Agricultural Research. They also exchanged views on opportunities for effective cooperation within the National Movements of Mongolia, such as “Billions of Trees,” “Food Supply and Security,” and “Healthy Mongolian.”
The two sides noted their active collaboration and mutual support within the United Nations and other international organisations and expressed commitment to further strengthening regional and international cooperation. In this context, President Khurelsukh extended an invitation for Australia to participate at a high level in the 17th session of the Conference of the Parties (COP17) to the UN Convention to Combat Desertification, which will be held in Ulaanbaatar in 2026.

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The China-Russia Energy Pact: Reshaping Global Markets and Emerging Investment Opportunities www.ainvest.com

The China-Russia energy partnership has entered a new era with the formalization of the Power of Siberia 2 (PoS-2) pipeline, a $13.6–$34 billion infrastructure project that will transport 50 billion cubic meters (bcm) of natural gas annually from Russia's western Siberian fields to northern China via Mongolia. This development marks a seismic shift in global energy dynamics, as two of the world's largest economies deepen their strategic alignment to counter Western influence and diversify energy supply chains. For investors, the pact opens a corridor of opportunities in emerging markets, particularly in Mongolia, Russia, and China, where undervalued equities stand to benefit from infrastructure development, transit fees, and energy distribution.  
A Strategic Shift in Energy Geopolitics
The PoS-2 pipeline is more than a commercial agreement—it is a geopolitical recalibration. For Russia, the project offsets the collapse of European gas exports following the invasion of Ukraine and Western sanctions. European demand for Russian gas has plummeted, leaving Moscow scrambling to find alternative markets. China, meanwhile, seeks to reduce its reliance on volatile LNG imports and diversify its energy mix to fuel industrial growth. The pipeline's 30-year contract horizon ensures a stable revenue stream for Russia and a long-term supply buffer for China, while Mongolia's role as a transit hub could generate up to $1 billion annually in fees.  
This partnership disrupts traditional energy dynamics in two key ways:
1. Reduced U.S. LNG Influence: China's shift toward pipeline gas from Russia could cut U.S. LNG exports by 40 million tons annually, undermining the economic viability of U.S. shale projects.
2. European Energy Vulnerability: With Russia pivoting to Asia, Europe's reliance on costly LNG imports will intensify, exacerbating energy insecurity and inflation.  
Emerging Market Equity Opportunities
The pipeline's construction and operation create a web of investment opportunities across three countries:  
1. Mongolia: Transit Fees and Infrastructure Development
Mongolia's 960-kilometer segment of the pipeline is a critical linchpin. While the country's government has yet to confirm financing details, local firms are poised to benefit from construction contracts and long-term maintenance. Undervalued Mongolian equities include:
- Mongolian Pipeline Construction Firms: Smaller-cap companies like Mongolstroy and Altai Engineering could secure contracts for earthworks, pipeline laying, and ancillary infrastructure. These firms are currently underfollowed by analysts but have strong ties to state-backed projects.
- Logistics and Energy Distributors: Companies such as TransMongolia Logistics may profit from expanded transportation networks and gas distribution hubs.  
2. Russia: State-Owned Energy Giants and Regional Development
Gazprom, the state-controlled energy giant, is the linchpin of the project. While its shares are widely followed, investors should also consider smaller, sector-specific plays:
- Siberian Gas Processing Firms: Companies like SibGasTech and Yakutia Energy could benefit from increased gas production and processing needs.
- Regional Infrastructure Developers: Firms involved in Siberian road and rail upgrades, such as TransSiberia Rail, may see demand surge as the pipeline spurs economic activity in remote regions.  
3. China: Energy Security and Industrial Growth
China National Petroleum Corporation (CNPC) is central to the project, but smaller players in the energy distribution and logistics sectors are also positioned to gain:
- Pipeline Infrastructure Firms: Companies like Sinopipe and China Gas Pipeline Co. could secure contracts for the Chinese segment of the pipeline.
- Industrial Gas Users: Firms in energy-intensive sectors, such as Shanghai Steel Group and Beijing Petrochemical, may see reduced costs and supply stability from the pipeline.  
Risks and Uncertainties
While the project's strategic benefits are clear, investors must navigate several risks:
- Pricing Disputes: Russia's preference for oil-indexed pricing (potentially $265–$285 per 1,000 cubic meters) clashes with China's push for lower rates ($120–$130). A compromise will determine profitability for both sides.
- Financing Delays: The lack of clarity on who funds the Chinese and Mongolian segments could delay construction beyond 2030.
- Geopolitical Tensions: U.S. and European pressure to isolate Russia could complicate project approvals or financing.  
Conclusion: A New Energy Corridor for Investors
The China-Russia energy pact is a masterstroke of strategic diversification, with far-reaching implications for global energy markets. For investors, the pipeline represents a unique opportunity to capitalize on emerging market equities in Mongolia, Russia, and China—sectors that are currently undervalued but poised for growth as the project progresses. While risks remain, the long-term economic and geopolitical alignment between Beijing and Moscow suggests that this corridor will only deepen, offering a compelling case for those willing to navigate the complexities of energy geopolitics.  
By targeting undervalued players in pipeline construction, transit fees, and energy distribution, investors can position themselves at the forefront of this transformative shift. The Power of Siberia 2 is not just a pipeline—it is a blueprint for the future of Eurasian energy integration.

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Korean influencer dies in fall at Mongolian volcano www.chosun.com

A fatal accident occurred in Mongolia’s representative volcanic tourist site, where a famous South Korean travel influencer fell to her death.
The Ministry of Foreign Affairs announced on the 7th that Ms. A, a woman in her 20s, died in a fall at the Uran Togoo Volcano in Bulgan Province, Mongolia, on the 28th of last month.
Ms. A, who had approximately 90,000 followers and primarily operated through Instagram, was reported to have been on a business trip to northern Mongolia when the incident occurred.
A source from the Ministry of Foreign Affairs told TV Chosun, “Ms. A is presumed to have lost her balance and fallen while taking photos atop the volcano due to sudden strong winds, resulting in her death. We are investigating the exact circumstances in cooperation with local authorities.”
The Uran Togoo Volcano stands approximately 1,680 meters above sea level, with a crater diameter of 500–600 meters and a depth of 50–60 meters. The crater interior features grasslands and small ponds, and its unique terrain and geological value make it one of Mongolia’s representative volcanic tourist sites. Currently a dormant volcano, it is known as a trekking destination near the Khovsgol region, which attracts many South Korean tourists.

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MoU Signed with the Financial Services Authority of Kazakhstan www.montsame.mn

Chairman of the State Great Khural of Mongolia Amarbayasgalan Dashzegve and accompanying parliamentary delegation are paying an official visit to the Republic of Kazakhstan from September 4 to 7, 2025.
Within the framework of the visit, which aims to maintain the frequency of high-level exchanges, strengthen mutual trust, enrich the legal foundation of relations, and deepen cooperation at the national and regional levels, Chairman of the Financial Regulatory Commission (FRC) of Mongolia Jambaajamts Tundev and Chairwoman of the Astana Financial Services Authority (AFSA) of the Republic of Kazakhstan Evgeniya Bogdanova signed a Memorandum of Understanding.
The MoU provides for the exchange of information on cross-border financial activities and technical cooperation targeting companies offering fintech-based virtual asset services. The two sides will also collaborate in supporting safe and reliable operations of capital market, insurance, and fintech institutions, extending mutual assistance in financial supervision, and strengthening institutional capacity.
The Memorandum signed between the Financial Regulatory Commission of Mongolia and the Astana International Financial Centre marks a major step toward intensifying bilateral trade and economic cooperation, expanding business sector linkages, and consolidating ties.
The Astana Financial Services Authority is a member of the International Organization of Securities Commissions (IOSCO) and has established bilateral memorandums of cooperation with more than 40 financial regulatory bodies worldwide, working together in the field of financial supervision.

 

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PM Zandanshatar Meets President Putin at the Eastern Economic Forum in Vladivostok www.montsame.mn

Prime Minister of Mongolia, Zandanshatar Gombojav, held official talks with President of the Russian Federation Vladimir Putin on September 5, 2025, during the 10th Eastern Economic Forum in Vladivostok. 
President Vladimir Putin opened the official talks by underscoring his expectation that the participation of the Mongolian delegation in the Eastern Economic Forum would foster more active cooperation with Russia and other partner countries in the Asia-Pacific region. The volume of trade turnover between Mongolia and Russia increased by more than 17 percent compared to 2024, reflecting the increasing scale of bilateral cooperation. In addition, during a trilateral meeting in Beijing with the Heads of State of Mongolia and the People’s Republic of China, the leaders discussed cooperation in energy and infrastructure, agreed to advance major joint projects, and reaffirmed the strategic importance of Russia’s partnership with Mongolia, a neighboring and trusted ally.
Prime Minister Zandanshatar expressed his sincere gratitude to President Putin for supporting the construction of the Power of Siberia 2 gas pipeline through Mongolia and emphasizing the strategic significance for the region. Premier acknowledged that projects of such importance arise less than once in a century, referencing his discussion with Alexei Miller, Chairman of the Board of Directors of Gazprom, and drew upon the renowned Russian scientist Mikhail Lomonosov, recalling his words, “Russian power will grow with Siberia”.
PM Zandanshatar also highlighted the joint commemoration of the 85th anniversary of the Victory of Khalkh Gol in 2024, the 80th anniversary of the Victory in World War II, noting that these historic triumphs represent shared victories of Mongolia and Russia.

 

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Governor-General of the Commonwealth of Australia Samantha Mostyn Arrives for State Visit www.montsame.mn

At the invitation of President of Mongolia Khurelsukh Ukhnaa, Governor-General of the Commonwealth of Australia Samantha Joy Mostyn arrived in Mongolia on September 4, 2025, with a State Visit.
Governor-General Samantha Mostyn and her husband, Simeon Beckett, were received at Chinggis Khaan International Airport by Minister of Foreign Affairs Battsetseg Batmunkh and Ambassador Extraordinary and Plenipotentiary of Australia to Mongolia, Leo Zeng.
This marks the first visit of the Governor-General of Australia to Mongolia in 31 years. The visit is of significant importance to further expand and strengthen relations and cooperation with Australia, Mongolia’s key partner and Third Neighbour in the Indo-Pacific region.
During the visit, President Khurelsukh Ukhnaa and Governor-General Samantha Mostyn will hold official talks to confirm the agreement to elevate bilateral relations to the level of a “Comprehensive Partnership.” The two sides will exchange views on expanding cooperation in potential sectors such as politics, trade, investment, education, and agriculture, enhancing people-to-people ties, and deepening collaboration on regional and international platforms.
In addition, Governor-General Samantha Mostyn will review the implementation of Australian projects and programmes in Mongolia and meet with representatives of the business community.
Mongolia and Australia established diplomatic relations on September 15, 1972. Today, more than 22,000 Mongolian citizens reside in Australia.

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Lee, Mongolian president agree to bolster bilateral ties in phone talks www.koreatimes.co.kr

President Lee Jae Myung spoke by phone with Mongolian President Ukhnaa Khurelsukh on Thursday and discussed ways to further strengthen their strategic partnership, Lee's office said.
In their first conversation since Lee took office, the two leaders agreed to expand people-to-people exchanges and maintain close communication to deepen bilateral ties, presidential spokesperson Kang Yu-jung said in a written briefing.
Lee proposed "mutually beneficial" cooperation between Mongolia, rich in natural resources, and South Korea, which possesses advanced technologies, Kang said.
He also welcomed the opening of a memorial hall in Mongolia honoring Lee Tae-joon (1883-1921), a Korean independence activist who served as the physician to Mongolia's last khan, and expressed appreciation for the Mongolian government's support.
Khurelsukh, in turn, expressed gratitude for Lee's attention to migrant workers in South Korea, including those from Mongolia, according to Kang.

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Kazakhstan, Mongolia strengthen interparliamentary ties with new memorandum of cooperation www.qazinform.com

A delegation of the State Great Khural (Parliament) of Mongolia led by its Chairman Dashzegve Amarbayasgalan has visited Majilis, the lower chamber of the Kazakh Parliament, Kazinform News Agency reports.
At a meeting with the Majilis Speaker Erlan Koshanov, the sides discussed the issues of strengthening interparliamentary ties and signed a memorandum of cooperation.
Welcoming the high-profile guest, Koshanov said that Kazakhstan had always viewed Mongolia as an important partner in Asia. The country’s leadership and the people of Kazakhstan support political and economic as well as social reforms carried out on the initiative of Mongolian President Ukhnaagiin Khürelsükh.
Koshanov hailed rapid development of the Kazakh-Mongolian bilateral relations, highlighting fruitfulness of the Kazakh President’s last year visit to Mongolia.
“Thanks to the two countries’ leaders, our bilateral ties have moved to the level of strategic partnership, with 11 documents signed in various spheres. I am confident that the memorandum of cooperation between our parliaments, which we will sign today, will raise our partnership to a new level,” the Majilis Speaker said.
Speaking on Constitutional reforms and transformations taking place in Kazakhstan since 2022, Erlan Koshanov pointed out similarity of the two countries. Last year, elections to the State Khural were held in a mixed electoral system, with the representatives of five parties included into the composition of the Parliament.
The heads of parliaments also touched upon the issues of strengthening cooperation among parties and further work on such multilateral platforms, as the Interparliamentary Union and the OSCE Parliamentary Assembly.
For his part, Chairman of the State Great Khural noted enormous mutual interest in exchange of law-making experience in digitalization, AI development, ecology and agriculture.
“Kazakhstan is the first strategic partner of Mongolia in Central Asia. Today’s meeting focuses not only on interparliamentary relations. The agenda includes discussions on the development of interaction in political-economic, cultural-humanitarian and other spheres,” Dashzegve Amarbayasgalan said.
The parliamentarians also discussed the potential for the expansion of partnership in tourism, personnel training and technology development.
The meeting ended with signing a memorandum of cooperation between the Majilis of the Kazakh Parliament and the State Great Khural of Mongolia. As per the document, the parties undertake, within the framework of their competencies, to contribute to the strengthening and development of cooperation between the Republic of Kazakhstan and Mongolia in political, trade and economic, scientific and technical, socio-cultural, humanitarian and other spheres, as well as in the field of digitalization of economy, development and implementation of innovations. Besides, a memorandum of establishment of twin-city relations between the East Kazakhstan region and Khovd Province was signed.
The Mongolian delegation is also set to visit the Astana International Financial Center, KAZAKH INVEST National Company, Situation Center of the Ministry of Digital Development, Innovations and Aerospace Industry, Kazakhstan Garysh Sapary National Company and other institutions.  
Earlier it was reported that the Speaker of the State Great Khural (Parliament) of Mongolia, Amarbayasgalan Dashzegve, is set to pay official visit to Kazakhstan from September 4 to 7, 2025.
BY
Arailym Temirgaliyeva

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Total Assets of Banking Sector Rise by 15 Percent www.montsame.mn

Mongolia's banking sector remains relatively stable and continues to grow, with total assets increasing by 15 percent compared to the same period last year.
During the presentation of the Banking Sector’s Semi-Annual Review for 2025, Executive Director of the Mongolian Bankers Association, Amar Lkhagvasuren, highlighted that bank-issued loans continue to play a significant role in supporting economic recovery.
Moreover, newly issued loans to businesses have increased by 19 percent year-over-year. As a result, the share of non-performing business loans has declined, and both individuals and enterprises have begun shifting their funds into term deposits. Despite the depreciation of the Mongolian tugrug, public confidence in the national currency remains strong, which has contributed to a 15 percent increase in tugrug-denominated deposits.
Mongolia’s economy grew by 5.6 percent in the first half of this year. The agricultural sector has demonstrated a strong recovery, becoming the primary driver of economic growth. In contrast, the mining sector performed below expectations, which negatively impacted related sectors such as trade and transportation, thereby slowing overall growth. Additionally, the decline in commodity prices has led to a reduction in export volumes, placing pressure on the national currency.
Revenue from taxes on mining products has decreased by 12.3 percent, contributing to a decline in overall budget revenues. Recurrent expenditures continue to account for the majority of total government spending, and the fiscal balance currently shows a deficit of MNT 758 billion.
Senior Economist at the Banking and Finance Academy, Sosorbaram Chingel, emphasized, “When formulating the state budget, it is essential to carefully assess both internal and external risk factors, ensure coherence between fiscal and monetary policies, and support the real economy. Otherwise, we risk creating a system in which the recovery of one sector leads to the decline of others.”

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Zandanshatar Gombojav: Eurasian Market Open to Mongolia’s Agricultural Sector www.montsame.mn

“The Eurasian market, with a population of 183 million, is open to Mongolia’s agricultural sector. We have the opportunity to introduce our products there. The agricultural sector must continue to shoulder a significant share of the economic burden,” highlighted Prime Minister of Mongolia Zandanshatar Gombojav during his visit to Darkhan-Uul aimag, where he reviewed the operations of the Ministry of Food, Agriculture and Light Industry (MoFALI) and its affiliated agencies and met with officials.
Head of the Department for Coordination and Implementation of Crop Farming Policy of the MoFALI, D. Yesun-Erdene, noted that working capital and investment loans have been provided through commercial banks for crop production, food processing, and livestock farming. He added, “With the Government’s decision to subsidize 10 percent interest rates, a model integrating crop production and livestock farming has been created to develop food and agriculture into a backbone sector of the economy.”
Head of the Light Industry Policy Implementation Coordination Department, M. Dondogdorj, underlined that concessional loans are being extended to increase capacity and support the operations of wool, cashmere, and leather processing industries. “Within the framework of the ‘White Gold’ national movement, 6,000 tons of cashmere have been procured, enabling domestic producers to process about 70 percent of total raw materials. As a result, the production capacity of the wool, cashmere, and leather industries has doubled,” he emphasized.
Within the framework of the “Food Revolution” national movement, more than 2,525 individuals and enterprises engaged in crop production, livestock farming, and food processing industries have received concessional loans amounting to MNT 1.26 trillion. Consequently, 25 new food processing plants have been commissioned, 22 have been expanded, and 22 have upgraded their equipment. Last year, storage capacity increased by 15 percent, threshing facilities by 7 percent, and cultivated land by 13 percent. As a result of the program, producers have expanded their product range by 37 percent and created about 2,500 new jobs.
Prime Minister Zandanshatar underlined that relocating MoFALI to Darkhan-Uul aimag has proven to be a correct decision. He added, “Livestock farming, crop production, and small and medium enterprises must develop in an integrated manner. Agriculture played a key role in Mongolia’s 5.6 percent economic growth in the first half of this year. Since the agricultural sector generates the most employment, diversifying and further developing it will remain a priority goal of the Government.”

 

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