A Democratic Party (DP) delegation led by the party’s
Secretary-General, D.Erdenebat, and comprising several members of its National
Consultative Committee is now in  China at the invitation of the Communist Party
of the People”s Republic of China
(CPPRC). It will spend a week there.
The

Deputy
Prime Minister N.Altankhuyag and Arshad Sayed, resident representative of the World
Bank in Mongolia, exchanged views about the economic situation and the banking
sector. The annual International Monetary Fund review of the budget policy of
Mongolia has not been issued this year, and

Parliament
discussed on Friday revising the legal status of Ulaanbaatar, following the big
rise in its population in recent years. Migration from rural areas has, according
to M.Enkhbold who proposed the draft amendments, has increased the population
of the capital city by 471,500. It

Parliament
took up for discussion on Friday a draft law proposed by Ch.Saikhanbileg and
Su.Batbold to amendments the law on parliamentary procedure. Earlier MPs had rejected
a similar draft proposed by the President, with Ts.Nyamdorj saying, “The President
is trying to become the 77th

Finance
Minister S.Bayartsogt has submitted to D.Demberel, Speaker of Parliament, a
draft amendment to the law on minerals, seeking to impose higher royalty rates
for mineral resources. Many countries already have royalty rates of up to 10
percent depending on the type of mineral,

The
latest Government meeting decided to set up without delay a South Gobi Regional
Development Council in terms of the agreement with Ivanhoe Mines. The Council
will assist the government in preparing strategic plans and the budget, and in
seeking finance for programs and

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