1 MONGOLIAN CURRENCY STRENGTHENS AGAINST USD, YUAN WWW.XINHUANET.COM.CN  PUBLISHED:2018/02/21      2 MONGOLIA IMPORTED 19,000 TONS OF GASOLINE AND 81,000 TONS OF DIESEL FUEL IN JANUARY WWW.AKIPRESS.COM  PUBLISHED:2018/02/21      3 MONGOLIA-ARGENTINA VISA-FREE AGREEMENT COMES INTO FORCE WWW.XINHUANET.COM.CN  PUBLISHED:2018/02/21      4 SHIFTING FROM MINING DEPENDENCE TO TOURISM-DRIVEN ECONOMY WWW.THEUBPOST.MN PUBLISHED:2018/02/21      5 MONGOLIA SAYS CAN BUILD POWER PLANT TO SUPPLY OYU TOLGOI MINE WWW.MINING.COM  PUBLISHED:2018/02/21      6 ASPIRE MINING : REIGNITES COKING COAL FLAME IN MONGOLIA WWW.4-TRADERS.COM PUBLISHED:2018/02/21      7 WORLD BANK GIVES USD 400 MILLION TO SUPPORT MONGOLIAN SMES WWW.MONTSAME.MN PUBLISHED:2018/02/21      8 COMMODITY PRICES SEE SOME INCREASES IN EARLY FEBRUARY WWW.GOGO.MN PUBLISHED:2018/02/21      9 PUTIN SIGNS LAW ON EXTENSION OF CAPITAL AMNESTY FOR RUSSIAN BUSINESSES WWW.RT.COM PUBLISHED:2018/02/21      10 TOP20 INDEX RAISES BY 0.44 PERCENT WWW.MONTSAME.MN PUBLISHED:2018/02/20      НИЙСЛЭЛД 365 БАРИЛГА ОФФИСЫН ЗОРИУЛАЛТААР АШИГЛАГДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/02/21     ӨНӨӨДӨР “ОЛОН УЛСЫН ЭХ ХЭЛНИЙ ӨДӨР” ТОХИОЖ БАЙНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/02/21     МОНГОЛ УЛС АНХ УДАА МЭРГЭЖЛИЙН ДУГУЙН БАГТАЙ БОЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/02/21     АЮУЛГҮЙ БАЙДАЛ, ГАДААД БОДЛОГЫН БАЙНГЫН ХОРОО 24 АСУУДАЛ ХЭЛЭЛЦЭЖ, 10 ХУУЛЬ БАТЛУУЛЖЭЭ WWW.CHUHAL.MN НИЙТЭЛСЭН:2018/02/21     WORLD ECONOMICS: МОНГОЛ УЛСЫН БИЗНЕСИЙН ИТГЭЛИЙН ИНДЕКС 53.4 НЭГЖ БОЛЖ, ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/02/21     2-Р САРЫН 20-НЫ ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN НИЙТЭЛСЭН:2018/02/21     ТАВАНТОЛГОЙ ЦС-ЫН 34 ХУВИЙГ MCS ЭЗЭМШИНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/02/21     Д.ДАМБА-ОЧИР: ЭНЭ ХАВРААС БОДИТОЙ ТОМ ТӨСЛҮҮДИЙГ ЭХЛҮҮЛЭХЭЭР ЭДИЙН ЗАСАГ УЛАМ САЙЖИРНА WWW.DNN.MN НИЙТЭЛСЭН:2018/02/21     ГУРИЛЫН ҮНИЙГ ӨСГӨХГҮЙН ТУЛД 7.8 ТЭРБУМ ТӨГРӨГ ЗАРЦУУЛЖЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2018/02/21     "MINING MONGOLIA 2018" ҮЗЭСГЭЛЭНД ОЛОН УЛСЫН 120 АЖ АХУЙН НЭГЖ ОРОЛЦОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/02/21    

PM: “Government of Mongolia to be debt-free to Chalco within this month” www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat met with the leaders of the administrative organizations under the government to give some directions. He also reflected on actions taken by his cabinet for the last seven months since formation.

J.Erdenebat was appointed as the Prime Minister eight months ago. In a month in the Premier’s office, J.Erdenebat formed his cabinet, hailed as “professional”.

“To look back on the works done by our cabinet, I would call it a “cleaning” cabinet”, said the Premier and provided examples to back his argument.

At first, he said, our cabinet has sophisticated the budgetary system and commenced the action for applying discipline in public expenditures. “We were greeted by an economy that had one of the world’s most critical government budget balance in terms of deficit. The budget deficit was a consequence of careless spending of taxpayers’ money”, he added.

Secondly, the new cabinet has successfully captured opportunities and put an end to the impeachment, which was about whether the Mongolian government would announce a default or not due to the outstanding debt from the government bonds. This government has settled the issue of USD 580 million debt, and shed a light on investors’ confidence.

He went on to say “This is not any kind of political advertisement. The fact that foreign investors offered USD 3.3 billion bid for the recently-issued government bond of USD 124 million can back up the accomplishments of this government”.

Last but not least, Mongolia will be free of debt owing to Chalco Company of China within this month. Thanks to this, the East Tsankhi pit of the coal giant Tavantolgoi mine is finally getting into Mongolian people’s full ownership after seven years. In other words, profit from coal mining in East Tsankhi will go directly to the Mongolian government budget.

“We decided not to just watch what happens with the coal price in the world. This government launched an open auction for Tavantolgoi’s coal and sold at the highest ever price – 72.5 USD per ton” he said.

Although, some of the above mentioned works have been already initiated under the previous governance, our cabinet pushed forward the stagnated processes, added the Prime Minister. “Mongolia’s economy has so much more work. The difficult part is not over yet. Mongolia has just stepped up to the threshold of many decisive steps”.

 
 
 


Published Date:2017-03-20