1 GTJAI ASSISTS STATE BANK OF MONGOLIA IN COMPLETING A US$100 MILLION REG S BOND TAP ISSUANCE WWW.ACNNEWSWIRE.COM PUBLISHED:2026/05/12      2 BATSUMBEREL N. ELECTED MPP DEPUTY CHAIRMAN WWW.MONTSAME.MN PUBLISHED:2026/05/12      3 JICA TWO-STEP LOAN PROJECT DELIVERS LONG-TERM FINANCING TO MONGOLIAN SMES WWW.MONTSAME.MN PUBLISHED:2026/05/12      4 UN HIGH COMMISSIONER FOR HUMAN RIGHTS VOLKER TÜRK VISITING MONGOLIA WWW.GOGO.MN PUBLISHED:2026/05/12      5 ‘CLIMATE REFUGEES’ FLEEING RED DUST WWW.UBPOST.MN PUBLISHED:2026/05/12      6 NATIONAL RESILIENCE STRATEGY TO BE DEVELOPED, APPROVED FOLLOWING PRESIDENTIAL DIRECTIVE WWW.MONTSAME.MN PUBLISHED:2026/05/12      7 BOOK EXCHANGE PROGRAM LAUNCHED WITH U.S. LIBRARY OF CONGRESS WWW.MONTSAME.MN PUBLISHED:2026/05/12      8 CHINA-MONGOLIA MEGA RAILWAY PROJECT ENTERS CRITICAL PHASE WWW.CHINADAILY.COM.CN PUBLISHED:2026/05/12      9 MONGOLIA’S FOREIGN TRADE TURNOVER REACHES USD 10.5 BILLION WWW.MONTSAME.MN PUBLISHED:2026/05/12      10 ASIATIC WILD ASS RETURNS TO EASTERN MONGOLIA AFTER 65-YEAR ISOLATION FROM LANDSCAPE FENCING WWW.GOODNEWSNETWORK.ORG PUBLISHED:2026/05/12      СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ САЛБАРТ АНХ УДАА ӨРСӨЛДӨӨНТ СОНГОН ШАЛГАРУУЛАЛТ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     АТГ: ШААРДЛАГА ХАНГААГҮЙ КОМПАНИД 6.5 ТЭРБУМЫН САНХҮҮЖИЛТ ОЛГОСОН ХЭРГИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     Б.БАТЦЭЦЭГ: БРАЗИЛ, ИСПАНИ, КЕНИ УЛСАД ЭЛЧИН САЙДЫН ЯАМАА НЭЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     “ХАО ГАН” КОМПАНИ МОНГОЛ РУУ 6.5 САЯ ТОНН ЖИМС, ХҮНСНИЙ НОГОО ЭКСПОРТОЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     МОНГОЛ, БНХАУ-ЫН ХАМТАРСАН ҮЙЛДВЭРЛЭЛ, ХУДАЛДААНЫ ЧӨЛӨӨТ БҮСИЙГ ХӨГЖҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     НИЙТИЙН АЛБАН ТУШААЛТАН ХАХУУЛЬ АВСАН ХЭРГҮҮДИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     "РИО ТИНТО"-Д МЕНЕЖМЕНТИЙН ТӨЛБӨРИЙГ БУУРУУЛАХ СОНИРХОЛ АЛГА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/05/12     МАНАЙ ТӨРИЙН БАЙГАА ЦАРАЙГ ЗАСГИЙН ХЯНАГЧ, ЯАМНЫ БЭЛТГЭСЭН ЭМГЭНЭЛ ХАРУУЛАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/12     "2033 ОН ГЭХЭД 23 КМ УРТ ҮЕРИЙН ХАМГААЛАЛТЫН ДАЛАНГ ШИНЭЭР БАРИНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     "МОНГОЛ УЛС НЭН ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ АВАХ БОЛОМЖ ХУМИГДАЖ БАЙНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Govt in talks with IMF to settle 2019 mortgage program financing www.zgm.mn

Ministry of Construction and Urban Development (MCUD) is aiming to reduce mortgage loan down payment to 25 percent from 30. The down payment reduction is expected to increase the number of households capable of repaying mortgage loan to about 31,000 according to an official close to the matter. A supply and demand study, conducted amongst the 152 khoroos (smallest administrative unit of Mongolia) of Ulaanbaatar, shows that around 252,000 households are interested in applying for mortgage program, of which only 13,000 households meet the criteria. According to the MCUD, over 33,000 accommodations are currently ready for sale in Ulaanbaatar city. 2018 State Budget allocated around MNT 120 billion for the mortgage program. Also, mortgage lenders are expected to pump MNT 220 billion to the program through interest payments this year. In other words, around MNT 340 billion can be financed for the program in 2018, highlighted the Minister of Finance Khurelbaatar Chimed.

Govt and BoM financed MNT 156 billion in 2018 
However, the financing of the new mortgage loan program is yet to be settled. The MCUD has presented a draft bill on transferring he program to the Government within the next month. The bill is now being reviewed by the Ministry of Finance and will take effect starting from January 1, 2019 if approved. Additionally, the International Monetary Fund staff team led by Geoff Gottlieb is currently visiting Mongolia until next week for the fifth review of Extended Fund Facility program. Thus, the Government is taking the opportunity to hold talks with the IMF team on the financing of the new mortgage program, as well as salary raise. Ministry of Finance refused to clarify details of the meetings as sides are yet to reach a final decision. Concerning the financing of mortgage program, several options are in discussion; for instance, if the program is transferred to the Government, a new regulation will come into effect. But if the Bank of Mongolia (BoM) continues to pilot the program, the current regulation will stay intact. In June, mortgage lending totalled MNT 82 billion, of which 42 percent was sourced from the program and 58 percent from commercial banks’ capital. The BoM monthly grants MNT 16 billion, and Ministry of Finance - MNT 10 billion for the program, adding up to MNT 156 billion in the first half of this year.



Published Date:2018-08-03