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Policy

  • The 26 major development projects recently approved by the Government will be the basis for the future development of Mongolia. Their total cost will be at least USD 300 million, and this will come from foreign and local investors and international financial institutions. B.Ganbaatar of the Development and Investment Policy Department at the National Development and Reform Committee answers questions from the MMJ on the projects.

  • Thank you, Mongolbank for your efficient work. Poor corporate management has taken Zoos Bank to bankruptcy. One good thing about the economic crisis in Mongolia has been that it has shown that only the fittest can survive. The policy of the Central Bank regarding Zoos Bank was right and its prompt action was commendable.

  • The focus in the recent second Economic Policy Forum organised by the World Bank Mongolia...

  • When the President, the Parliament Speaker and the Prime Minister held a meeting on November 17 at Government Palace, it might not have been billed as a formal meeting of the National Security Council but was effectively one. It also discussed very important issues.

    There were others also at the meeting. Apart from the big three, chairmen of standing committees and Ministers expressed their views on the proposed railway routes and the meeting also discussed problems of commercial banks. Both issues were closely connected to geo-politics and geo-economics as they affect the country. Parliament has already decided to finalise and adopt a railway policy before the new year, and once this is done, the new routes from Tavan Tolgoi will be clear in principle. It would also imply that the state has completed the primary preparations for the second phase of choosing the Tavan Tolgoi investor.

     

  • Both the MPRP and the DP pledged during the parliamentary election of 2008 that every Mongolian citizen would get a share of the revenue from the country’s mineral resources. Now that advance payments have finally begun coming and the beginning of mining is not also far away, both are busy working out how this distribution will be done, whether it will be a one-time payment or through access to services that will cover the whole life of a citizen. D.Davaasambuu, Advisor to the Parliament Speaker, explains his views on the complex issue to L.Bolormaa, and tells her why he thinks a pension fund is the best option.

  • Parliament is currently debating the guidelines for the economic and social development of the country in 2010. It was not so long ago when Mongolians saw how extravagant and non-productive economic expansion could lead to an implosion. Nonetheless, from what we hear about the discussions, the results of which will mould the budget, it is clear our members of Parliament have got over their gloom, got back their enthusiasm for spending, and want an “expansion” budget. That will give Mongolia the dubious distinction of being a country that has not learned its lesson from the crisis that debilitated its economic life.

  • T.Bayarbayasgalan, Head of the Licensing Division of the Nuclear Energy Agency, tells L. Bolormaa that the uncertainties in the uranium sector will end soon and that companies with clear targets and long-term plans of work should have no fear.

  • Ram Sachs and Undraa AgvaanluvsanMonAme Scientific Research Center, P.O.Box 24-603, Ulaanbaatar, Mongoliaand Stanford University, Palo Alto, California, 94305 USA

  • B. Batjargal, Head of the Budget Policy Section at the Ministry of Finance, takes a close look at the state of the economy, why it ails, and charts the road to recovery. What role will and should the mining sector play in this?

  •  In recent times Mongolia has been trying to find ways of breaking out of its total and absolute dependence on Russia for its petroleum needs. Small amounts are being imported from Kazakhstan and China but, more importantly, many companies have begun exploring and extracting the country’s own oil resources. With a number of companies drilling for oil, self-sufficiency in this vital sector should be possible in the not too distant future. Director of the Petroleum Authority of Mongolia D.AMARSAIKHAN tells E.BOLORKHAND what has been happening and where all this could lead.

Poll
Do you agree with increasing state participation in the Draft New Mining Law?
  • 1. Agree
  • 2. Disagree

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