By T.Batsaikhan
Following the regular meeting of the Government of Mongolia, several ministers briefed the media on key decisions discussed during the session.
Finance Minister B. Javkhlan: Conditions emerging for macroeconomic stability
Finance Minister B. Javkhlan announced that strong investor interest in Mongolia’s newly issued “Century-5” bond has created favorable conditions for maintaining macroeconomic stability.
According to the minister, orders for the bond reached $1.6 billion, exceeding the planned issuance by 3.2 times. This was partly due to the fact that Mongolia was the only country offering sovereign bonds on the international market at the time, which attracted investors’ attention.
The successful issuance will help reduce the interest burden on the “Nomad” bond, which carries a 5.125 percent interest rate and matures in 2026, as well as the “Century-2” bond, which has an 8.65 percent interest rate and matures in 2028.
The new bond was issued with a risk level of 2.2, the lowest in Mongolia’s history. According to the minister, this reflects growing confidence among international investors in Mongolia’s macroeconomic outlook, fiscal policy, and debt management.
Javkhlan noted that the successful bond issuance will produce four key benefits. First, Mongolia has achieved its lowest benchmark interest level in history, strengthening investor confidence. Second, interest costs on $325 million in debt due by 2028 will decrease from 8.65 percent to 5.95 percent, saving around MNT 57 billion in interest payments. Third, the issuance helped protect the country’s foreign currency reserves, which might otherwise have been reduced by at least $150 million. Finally, the bond was issued at an optimal time, avoiding the risk of higher interest costs had the government delayed the issuance.
Overall, the move is expected to ease pressure on the balance of payments and strengthen macroeconomic stability.
Deputy Justice Minister D. Munkh-Erdene: 372 items to be removed from state secrecy list
The government also decided to submit draft amendments to the Law on State Secrets and the Law on Approving the List of State Secrets to Parliament.
Deputy Minister of Justice and Internal Affairs D. Munkh-Erdene said the reforms aim to prevent officials from arbitrarily classifying unnecessary information as secret and to increase transparency in government.
Currently, the list of state secrets contains 574 items, but the proposed amendments would remove 372 items from the classified list.
Under the new system, the authority to approve the list of state secrets would shift from the government to the State Great Khural (Parliament), placing the issue under parliamentary oversight.
Reviews conducted by intelligence and law enforcement agencies found that some classified information was unnecessary, duplicated, or unrelated to national security, defense, or foreign policy. The reform will also eliminate the category of “official secrets.”
Government revokes land permit at Gashuunsukhait border crossing
The government also annulled Order No. A/618, issued on June 13, 2025, by the acting Minister of Environment and Climate Change, which had granted land-use rights at the Gashuunsukhait border crossing.
Authorities concluded that the decision violated constitutional principles and Mongolia’s Law on the State Border.
An investigation found that Smart Eco Trans LLC had used 66 hectares of land at the border area between 2022 and 2025 without signing the required agreements or obtaining proper authorization. As a result, the government decided to return the land to state ownership.
Source: Zuuniimedee № 43 (7785) March 6, 2026
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