Highlights from the Cabinet Meeting on March 4
Government to Declassify 894 Official Secrets
The Government of Mongolia will streamline the classification of official information and declassify hundreds of documents currently labeled confidential.
At its meeting, the Cabinet agreed to submit to the State Great Hural a revised draft of the Law on State Secrets, along with legislation approving the list of state secrets and related amendments.
Under the proposal, the current Law on State and Official Secrets will be renamed the Law on State Secrets, narrowing its scope to matters related strictly to state secrets.
Deputy Minister of Justice and Home Affairs D. Munkh-Erdene said 894 items currently classified as official secrets will be made public once the law is adopted.
Officials noted that some institutions have improperly classified information, undermining transparency and restricting citizens’ right to information. The revised framework aims to ensure that all government information not related to state secrets remains open to the public.

Government Approves Air Services Agreement with Bulgaria
The Cabinet approved an Air Services Agreement between Mongolia and the Republic of Bulgaria.
The agreement will allow Mongolian airlines to expand operations to Bulgaria and the wider European market, strengthen links to international transport and logistics networks, and broaden flight routes.
Officials say the deal will increase passenger traffic, promote tourism, and strengthen bilateral relations, trade, and economic cooperation.

Cabinet Discusses Inheritance of Erdenes Tavantolgoi Shares
Chief of the Cabinet Secretariat S. Byambatsogt presented measures concerning Erdenes Tavantolgoi JSC.
Of the company’s 12 billion shares:
- 8.8 billion (73.5%) are owned by the state through Erdenes Mongol LLC
- 7 million (0.06%) are held by 488 national enterprises
- 3.2 billion (26.4%) belong to about 3.4 million Mongolian citizens
The government is reviewing issues including share inheritance, restoring the one-time option for citizens to reclaim shares, and resolving the status of 124,000 citizens born after 2024.
Officials were instructed to prepare a draft decision on share inheritance and possible additional allocations for discussion at next week’s Cabinet meeting.
Government to Support 5,000 Households in Poverty Reduction Initiative
The Cabinet reviewed poverty-reduction measures under the “300-Day Plan to Deliver Economic Growth to Citizens.”
Minister of Family, Labor and Social Protection T. Aubakir introduced the “Supporting Household Employment and Lifting Families Out of Poverty” program.
The initiative will provide targeted employment and income-generation support to around 5,000 households in 2026, aiming to reduce unemployment, increase incomes, and connect families with essential social services.
The Prime Minister will issue a directive instructing local authorities nationwide to coordinate poverty-reduction and employment measures aligned with regional development policies.

Government Orders Faster Tendering for 2026 Budget Projects
Deputy Prime Minister T. Dorjkhand briefed Cabinet members on procurement for projects funded under the 2026 state budget.
Authorities were instructed to announce all tenders by March 15, 2026, and complete contractor selection by April 30.
The government will also monitor procurement progress regularly.
The 2026 state budget includes 296 investment projects and measures totaling 3.534 trillion MNT.
Mongolia Successfully Issues USD 500 Million Bond
Finance Minister B. Javkhlan announced that Mongolia has successfully issued a USD 500 million international bond.
The new “Century-5” bond, issued on March 3, 2026, has a six-year maturity and a 5.95% interest rate. Proceeds will refinance part of the Nomad bond due in 2026 and the Century-2 bond due in 2028.

Mongolia also repurchased USD 321.6 million of existing bonds, saving about USD 14.5 million (51.7 billion MNT) in interest payments.
Despite volatility in global markets following joint attacks by the United States and Israel on Iran, the bond issuance attracted strong demand, with USD 1.6 billion in orders – more than three times the issuance amount.
Officials said the successful offering reflects investor confidence in Mongolia’s macroeconomic outlook and debt management policies.
Prime Minister of Mongolia G. Zandanshatar received Ms. Yasmine Fouad, Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD), on 3 February 2026.
During the meeting, Prime Minister G. Zandanshatar provided an overview of the progress of preparations for hosting the 17th session of the Conference of the Parties to the UNCCD (COP17), scheduled to take place in Mongolia from 17 to 28 August 2026. He underscored that the Government of Mongolia is working in close cooperation with the Convention Secretariat and relevant partners to ensure the successful organization of the conference.

The Prime Minister further highlighted that, at Mongolia’s initiative, the United Nations has proclaimed 2026 as the “International Year of Rangelands and Pastoralists,” noting that this designation is closely aligned with the agenda, priorities, and expected outcomes of COP17.
Executive Secretary Yasmine Fouad expressed appreciation for Mongolia’s proactive and responsible efforts as the host country in advancing preparations for COP17. She reaffirmed that the UN Resident Coordinator’s Office and the Convention Secretariat will extend comprehensive policy and organizational support to facilitate the successful convening of the conference and will continue to work closely with the Government of Mongolia.

During a Cabinet meeting held on 28 January, the Chief of the Cabinet Secretariat, S. Byambatsogt, presented to Cabinet members an update on the progress of work conducted by the sub-working group responsible for evaluating proposals submitted by companies that have expressed interest in investing in and partnering on the Copper Concentrate Smelting and Processing Plant project to be implemented based on Erdenet Mining Corporation, a state-owned enterprise.
In September of last year, pursuant to an order of the Prime Minister, a Working Group was established to accelerate the implementation of the project to construct a copper concentrate smelting and processing plant at Erdenet Mining Corporation. The Working Group is chaired by S. Byambatsogt, Chief of the Cabinet Secretariat.
General information regarding the project was disseminated to 55 companies from more than 20 countries. To date, 13 companies from seven countries have officially expressed their interest in investing in and cooperating on the project.

To identify the most qualified investor and contractor, the sub-working group conducted an evaluation of the submitted proposals, taking into consideration the companies’ experience in implementing similar projects, proposed technical and technological solutions, financial and economic capacity, and comparative advantages.
The companies currently under consideration include:
- NFC (People’s Republic of China)
- Jiangxi Copper (People’s Republic of China)
- A consortium comprising Liantou New Energy Technology, China ENFI Engineering Corporation, and Shanxi Northern Copper Industry (People’s Republic of China)
- Glencore International AG (Swiss Confederation).
Preparatory work is underway to complete the final stage of the selection process for the investor and contractor for the Copper Concentrate Smelting and Processing Plant project within the first quarter of 2026.

Preparatory Work for Launching Direct Flights Between Mongolia and the United States Is Ongoing
At the Cabinet meeting held on 28 January, the Government discussed the progress of preparatory work for launching direct flights between Mongolia and the United States of America.
In 2023, the Governments of Mongolia and the United States concluded an Air Transport Agreement, thereby establishing the legal framework for operating direct flights between the two countries.
From the Mongolian side, to commence direct flights, it is required to undergo the International Aviation Safety Assessment (IASA) conducted by the U.S. Federal Aviation Administration, as well as a security assessment by the Transportation Security Administration. As part of the preparatory work for launching direct flights, the Civil Aviation Authority of Mongolia announced a selection process and, in 2024, entered into a consultancy agreement with the U.S.-based company The Wicks Group Consulting to obtain professional guidance for the IASA assessment.

Mongolian civil aviation sector organizations are currently implementing the recommendations provided through the consultancy services. To fully complete preparations for the IASA assessment, discussions have been held regarding the financing of the second phase of consultancy services through the United States Trade and Development Agency.
It is planned that a grant agreement will be concluded soon between the Government of the United States and USTDA, and the Government of Mongolia and the Civil Aviation Authority of Mongolia.
Prime Minister G. Zandanshatar on January 26 attended the opening of an exhibition showcasing products from domestic small and medium-sized enterprises, organized as part of preparations for the upcoming Tsagaan Sar holiday.
At the event, the Prime Minister announced that the Government is developing a strategy to reduce loan interest rates for national producers and intends to submit it to Parliament during the spring session. He noted that improving financial conditions for SMEs remains a priority for supporting domestic production and employment.
The Prime Minister further stated that a package of tax reform bills will be submitted during the same session. The reforms are expected to reduce the tax burden by 1.6 trillion MNT, primarily benefiting citizens and SMEs.

Prime Minister Zandanshatar underscored that strengthening national production contributes to economic stability and job creation. He called on citizens to purchase domestic products ahead of the Tsagaan Sar holiday and emphasized the importance of improving product quality and compliance with standards.











































