1 STATE SECRETARY D.DAVAASUREN RECEIVES EEC DELEGATES WWW.MONTSAME.MN PUBLISHED:2019/05/21      2 DEATH IN MONGOLIA’S STATE PALACE WWW.NEWS.MN PUBLISHED:2019/05/21      3 INDIAN PM WEARS MONGOLIAN DEEL DURING MEDITATION WWW.NEWS.MN PUBLISHED:2019/05/21      4 PACIFIC AIR FORCES COMMANDER VISIT TO MONGOLIA AFFIRMS GROWING PARTNERSHIP WWW.PACOM.MIL  PUBLISHED:2019/05/21      5 BUOYED BY MINING RECOVERY, BARLOWORLD LOOKS TO MONGOLIA FOR GROWTH WWW.M.MININGWEEKLY.COM PUBLISHED:2019/05/21      6 ASIAN FOLKLORE ARTISTS TO COMPETE IN MONGOLIA'S CAPITAL IN JUNE WWW.XINHUANET.COM PUBLISHED:2019/05/21      7 SPEAKER MEETS REPRESENTATIVES OF WORLD BANK GROUP WWW.MONTSAME.MN PUBLISHED:2019/05/21      8 MONGOLIA IMPORTS MNT 150 BILLION WORTH GLASSWARE ON AVERAGE WWW.ZGM.MN PUBLISHED:2019/05/21      9 30 THOUSAND PEOPLE PARTICIPATE IN ULAANBAATAR MARATHON WWW.MONTSAME.MN PUBLISHED:2019/05/20      10 MONGOLIAN MEAT PRICE TIME SERIES FORECAST WWW.MEDIUM.COM PUBLISHED:2019/05/20      “ЭРДЭНЭС МЕТАН” ХХК АВСТРАЛИЙН "JADE METHANE"-ТАЙ "МЕТАН ХИЙН ТӨСЛИЙН ХӨРӨНГӨ ОРУУЛАЛТЫН ГЭРЭЭ" БАЙГУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/05/21     МХЕГ: ШАХМАЛ ТҮЛШ ТҮҮХИЙ НҮҮРСНЭЭС 27 ДАХИН БАГА ТООСОНЦОР ЯЛГАРУУЛЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/05/21     ӨМНИЙН ГОВЬД 100 МЯНГАН ХҮНТЭЙ ХОТ СҮНДЭРЛЭНЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/05/21     АЖ ҮЙЛДВЭРИЙН САЛБАРЫН ӨСӨЛТӨД УУЛ УУРХАЙН САЛБАРЫН НӨЛӨӨ ӨНДӨР ХЭВЭЭР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/21     МОНГОЛ УХААНЫГ ЭНЭТХЭГИЙН БОЛОВСРОЛООР УСАЛНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/05/21     НӨАТ-ЫН СУГАЛААНЫ 80 САЯ ТӨГРӨГИЙГ ХОЁР АЗТАНД ХУВААЖ ӨГНӨ WWW.IKON.MN  НИЙТЭЛСЭН:2019/05/21     УУЛ УУРХАЙН САЛБАРЫН ОРЛОГО ЭХНИЙ УЛИРАЛД ЯМАР БАЙВ? WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/05/21     ПЕТРОВИС ГРУППИЙН ХОЁР КОМПАНИ ТОП 100 АЖ АХУЙН НЭГЖИД ДАХИН ДЭЭГҮҮР ЭРЭМБЭЛЭГДЛЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/05/21     “ТОП 100”-Д БАГТСАН УУЛ УУРХАЙН КОМПАНИУД 2018 ОНД 2.1 ИХ НАЯД ТӨГРӨГИЙН ТАТВАР ТӨЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/20     ТҮҮХИЙ НҮҮРС ҮНЭД ОРЖ, САЙЖРУУЛСАН ТҮЛШ ЭРЭЛТТЭЙ БАЙНА WWW.NEWS.MN  НИЙТЭЛСЭН:2019/05/20    

Mongolian SME fund scandal: demonstrators demand MP resignations www.news.mn

A demonstration took place outside the west gate of Mongolia’s State House, demanding the resignation of the MPs who allegedly received loans from the Small & Medium Enterprise Fund. The demonstrators are demanding that legal action be taken against those MPs who enabled friends and relatives to access funds.

In 2009, the Mongolian government expanded a fund to support small and medium enterprises (SME’s). This provided companies with low-interest loans at 3 percent interest for up to five years and contained 2 billion Mongolian Tugrik (roughly USD 780,000 at today’s exchange rate). The fund is reported to have dispersed loans, totalling nearly 700 billion tugrik, or several hundred million U.S. dollars. The fund was created in – and continues to be overseen by – the Ministry of Food, Agriculture, and Light Industry.

Last week, the chief prosecutor requested the State Great Khural (parliament) to revoke the parliamentary immunity of B. Batzorig’s, who runs this ministry – and, thereby the fund itself. However, the Khural, which is dominated by the MPP refused to do so.



Published Date:2018-11-15