The Mongolian Government has decided to distribute MNT 1 million (350 U.S. dollars) to those pensioners who had not taken out retirement pension loans before the beginning of 2020.

Mongolia wrote off the loans of pensioners in the country in 2020 in a bid to help them get out of debt. Around 230,000 pensioners benefited from the action.

A total of 194,100 pensioners who had not taken out loans before the write-off decision are expected to receive the assistance starting Monday (10 May).