The government has signalled a major shift in the management of state assets as part of its five-year development plan for 2026–2030. The draft resolution setting out the plan was submitted to Parliament on October 30, and Prime Minister G.Zandanshatar presented the development strategy to the public on November 9. After the presentation, Ministers answered journalists’ questions, including how the government plans to close the door to corruption and theft in state companies.
S.Byambatsogt, Chief Cabinet Secretary, said the government’s first priority is to stop theft by making state-owned enterprises transparent and more efficient. “If financial agreements, reports and bids are open and transparent, the opportunities for theft at state companies will be removed”, describing transparency measures already under way. He noted that between 2010 and 2025, 581 of 586 Erdenes Tavan Tolgoi contracts were made public, and that work is in progress to publish five international contracts.
S.Byambatsogt said legal reform is also essential. The government has submitted a draft law on state and local-owned companies and a draft law on state public property to Parliament; if adopted, these laws will create the legal framework for major reforms and greater public participation in ownership. An international audit of Erdenes Tavan Tolgoi was also carried out last week to introduce international management practices and move the company toward a transparent, publicly accountable joint-stock form.
As part of this programme, S.Byambatsogt said the government will present a policy paper during the autumn parliamentary session proposing partial privatization (10–51%) of selected state enterprises, including MIAT, the State Bank, TPP-3 and state electricity distribution companies. He said the aim is to reduce direct state competition with the private sector, improve governance, and widen public oversight through shareholding and openness.

Published Date:2025-11-11