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Cabinet had its regular session on Wednesday and discussed a number of timely issues. To decrease the spread of COVID-19, the high alert state of emergency will continue until the end of the year. Temporary passenger traffic procedures at the border have been extended to December 31, with the exception of entry at Chinggis Khaan International Airport.
As part of efforts to decrease corruption, the government is receiving reports of corruption and bureaucracy complaints from the public, with most of the incidents related to the land allocation process. Cabinet approved a resolution to determine the size, location, and intended use of all land that was issued to citizens in 2021. The cabinet will form a comprehensive plan to reduce bureaucracy for the land allocation process, making it digital and transparent.
Cabinet also reported on the 10 trillion MNT comprehensive plan to revive health and protect the economy. Through the Bank of Mongolia’s repo financing, commercial banks are working to lower annual interest rates to 10.5 percent.
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