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During Cabinet's session on Wednesday, Deputy Prime Minister Ya. Sodbaatar reported on the COVID-19 situation, estimating that COVID-19 cases could reach 3,500, with more than 1,200 people in the incubation phase and 1,000 people in the latent phase of infection by the February 11 Lunar New Year holiday without lockdown measures in place. He reported that PCR tests were administered for 1.17 million people, and that the extension of Ulaanbaatar's lockdown until January 11 could reduce the number of incubation phase cases by 100 and latent phase cases by up to 200.
Cabinet voted for local government agencies to now be responsible for regulating pc game centers, internet cafes, and pawnshops. Cabinet also revised procedures for selecting national honors for herders and farmers.
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45,000 herder households to receive livestock feed
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The government approved the distribution of 300,000 MNT in livestock feed to 45,000 herder households in five provinces that have experienced severe winter conditions. In cooperation with the Ministry of Food, Agriculture, and Light Industry, the World Bank is financing this initiative through its Mongolia Livestock Commercialization Project.
Province and local emergency commissions will be working with local food and agriculture departments to deliver the fodder to herders. Registration for assistance will be verified and monitored according to World Bank rules and regulations.
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World Bank lowers its economic growth forecast for Mongolia
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The World Bank estimated that the Mongolian economy shrank by 5.2 percent in 2020, which is 4.7 percentage points down from a June 2019 forecast. The World Bank estimated that economic growth in 2021 will be 4.3 percent, 0.6 percentage points lower than previous estimates.
The impact of pandemic policies has sharply increased budget deficits in East Asia and the Pacific. Mongolia, Palau, and Fiji have found more foreign funding to cover the deficit, the report stated. In countries such as Mongolia, Malaysia, and Laos, government debt has exceeded 60 percent of GDP. The World Bank warns that Mongolia and China's total debt, including the public and private sectors, is almost three times higher than GDP.
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GCA reports on imports data
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The General Customs Administration (GCA) reported that Mongolia's imports reached 84.9 million USD during the past week, an increase of 13.1 million USD (18.3 percent) compared to the same period in the previous year. Food imports rose by 1.8 million USD (17.6 percent) and imports of other goods increased by 15.9 million USD (79.5 percent) compared to the same week in the previous year. Imports of mineral products decreased by 4.3 million USD, and imports of automobiles and machinery decreased by 0.3 million USD during the reporting period.
Imports of diesel fuel increased by 7,902.1 tons compared to the same period of the previous year, and the number of passenger cars decreased by 934 units, while the number of trucks decreased by 148 units compared to the same period in 2019.
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