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Mongolia Moves To Submit Economic Freedom Law, Plans Public Listings of State Firms

The draft aims to curb state interference to improve the business climate.

Overview

  • The Cabinet approved sending a primary Economic Freedom bill and related amendments to Parliament on December 15.
  • The government backed an orientation to float 10–66% stakes in 18 state entities on the stock exchange, alongside full sales and mergers that would cut the number of wholly state-owned bodies.
  • National disaster officials, chaired by Prime Minister G. Zandanshatar, ordered 2026–2027 implementation plans and budget allocations to carry out risk-reduction recommendations.
  • Parliament’s temporary inspection committee wrapped a three‑day public evidentiary hearing on Oyu Tolgoi with 70% witness attendance and calls for greater transparency and fairer returns.
  • Urban programs advanced as the Zuun Ail redevelopment handed over the first apartment blocks to residents, Ulaanbaatar reported 32,170 tonnes of semi‑coke fuel in stock and 96% completion of insulation works, and city authorities removed 8,495 livestock from prohibited zones this year.