The Subcommittee on Tourism Development of the State Great Khural (Parliament) heard a briefing on concessional loans aimed at supporting the tourism sector at its meeting on May 5, 2026.

The presentation was delivered by Batchimeg V, Head of the Tourism Policy and Coordination Department at the Ministry of Culture, Sports, Tourism, and Youth. She noted that a total of MNT 250 billion in concessional financing has been allocated for the sector this year. In this framework, enterprises have submitted loan applications totaling MNT 2 trillion to 10 commercial banks. Currently, loan requests from 198 enterprises amounting to MNT 404 billion are under review by the banks.

She added that the line ministry is required to conclude monitoring agreements for loans exceeding MNT 500 million. To date, 28 enterprises have submitted requests to sign such agreements, of which 13 have been finalized while 15 remain under review. Overall, loan approvals totaling MNT 86 billion have been granted to 42 enterprises, with MNT 5.9 billion disbursed so far.

According to the Press and Public Relations Office of the State Great Khural, the Minister of Culture, Sports, Tourism and Youth, the Governor of the Bank of Mongolia, and representatives of the Ministry of Finance met last week with executives of the 10 commercial banks. They agreed to establish a supervisory working group by order of the central bank governor, amend the general financing agreement, and publicly disclose information on enterprises that have signed monitoring agreements or received loans.

Published Date:2026-05-06