This serious matter of the delay in the International Monetary Fund (IMF) postponing the Mongolian financial aid programme is continuing. The Parliamentary Group of Mongolian People’s Party has debated the controversial 29^th Resolution of the Mongolian State Budget Amendment. This  states that major companies, such as Oyu Tolgoi LLC, must transfer all their payments and transactions through banks operating only in Mongolia. Because of the resolution, the IMF office in Mongolia explained that the aid programme has been delayed. The executive board of the IMF met to discuss Mongolia’s request on the Extended Fund Facility Programme on 28th of April.

Rio Tinto has requested that the IMF examines whether the resolution violates the law on investment and is likely to harm investors. As a result of this impasse, the Mongolian parliament is likely to remove problematic Resolution 29 from the State Budget Amendment, thereby, paving the way for  receiving the IMF aid package.