Prime Minister Has Tender

By the order of the Prime Minister of Mongolia a Council has been established with the task of developing proposals for measures to mitigate the potential economic crisis in Mongolia caused by the conditions arising in the external environment and to take emergency measures during exceptional circumstances. The Council is chaired by J. Enkhbayar the Deputy Prime Minister and Minister of Economy and Development of Mongolia and includes the Secretaries of State of the ministries as well as the heads of the Financial Regulatory Commission the Bank of Mongolia and the National Statistics Office (by agreement). The Council meeting took place today attended by the Prime Minister of Mongolia G. Zandanshatar. There is a risk of rising prices for petroleum products diesel fuel and gasoline due to the conflict in the Middle East. The Council Chairman J. Enkhbayar was tasked with developing proposals for emergency measures during exceptional circumstances similar to the actions taken to mitigate the effects of the coronavirus pandemic and to present them urgently at a government meeting for discussion. The sector leaders were instructed to ensure the availability of fuel seeds and fertilizers necessary for spring planting without interruption and to focus on ensuring a stable supply of food products. It was also stated that the stock of medicines should be maintained at an appropriate level and attention should be paid to procurement and supply. They were warned to ensure readiness for potential risks and to work in a coordinated and organized manner. At the meeting Deputy Prime Minister and Minister of Economy and Development J. Enkhbayar provided a detailed presentation on the risks posed by the Middle Eastern conflict to Mongolia and the measures to be taken. He provided information on the war situation scale inflation risks readiness of strategic sectors and national resilience measures. The Council believes that it is appropriate to develop a legal draft related to the flexible implementation of budget and financial management during economic and social crises arising from international conditions and to submit it to the Parliament for urgent consideration.