Mongolia's Sovereign Wealth Fund Renamed “Chinggis Fund”

Politics
Amrida.G
g.amrida@montsame.gov.mn
2024-12-23 12:05:04

Ulaanbaatar, December 23, 2024 /MONTSAME/. During its irregular session on December 20, 2024, the Government of Mongolia made a decision to adopt a Resolution on Taking Several Measures on Mongolia's Sovereign Wealth Fund. 


Through the Resolution, the Government instructed Minister of Mongolia and Chairman of the Cabinet Secretariat of Government Uchral Nyam-Osor and Minister of Finance Javkhlan Bold to distribute the generated revenue of the 2024 Sovereign Wealth Fund to the Savings Fund, Development Fund, and Future Heritage Fund, and to work to achieve the predetermined targets for 2025. Moreover, in accordance with the Government Resolution, the Sovereign Wealth Fund will be renamed “Chinggis Fund,” in honor of Great Emperor Chinggis Khaan.  


Deputy Prime Minister of Mongolia and Minister of Economy and Development Gantumur Luvsannyam was tasked with researching ways to finance projects and programs to reduce air pollution through the Development Fund and submitting it to the Government of Mongolia.

Related news
Ambassador of Mongolia to Colombia Presents Copy of Letter of Credence 8 hours
Mongolian Judokas Earn Seven Medals from the Russian Judo Tour 9 hours
Mongolian and Japanese Airports to Exchange Best Practices and Enhance Service Quality 9 hours
Mongolian and Colombian Citizens Can Travel Visa-Free for Short-Term Visits 10 hours
Mongolia's Sovereign Wealth Fund Renamed “Chinggis Fund” 10 hours
This Week in Mongolia 10 hours
Japan to Fund Renovation of Secondary School No. 1 in Sagsai Soum, Bayan-Ulgii Aimag 3 days
Political Consultation Between the Foreign Ministries of Mongolia and Oman 4 days
Reducing the Shortage of Teachers and Enhancing Teacher Recognition 4 days
Thirtieth Anniversary of the Mongolia-Japan "Partnership Association" Celebrated in Ulaanbaatar 4 days
Mongolia and India to Expand Cooperation in Culture, Sports, Tourism, and Youth Development 4 days
The Government of Mongolia Raises Pensions by Six Percent 4 days
The Second Consultative Meeting between the Ministries of Foreign Affairs of Mongolia and Canada Takes Place in Ottawa 4 days
“Chimney-Free Zone” to Be Established in Ulaanbaatar 4 days
"Tengeriin Elch" Historical Opera to Delight Audiences 4 days
Green Bond Issued for Waste Recycling 4 days
Baganuur 50 MW Battery Storage Power Station Supplies Energy to Central System 4 days
The Second National Oncology Center to Be Constructed in Ulaanbaatar 4 days
Mongolia and the UN Review Progress of Sustainable Development Cooperation Framework 2023-2027 4 days
Deputy Chairman of the State Great Khural of Mongolia Receives Ambassadors of the French Republic and the European Union 5 days
The Urban Planning Administration Overseeing the Development of New Kharkhorum City 5 days
Human Remains Dating Back 25,000 Years Discovered in Mongolian Gobi Desert 5 days
Hunnu Aristocrats' Burial Complex to Be Registered as World Cultural Heritage 5 days
Presenting New Research Findings on Mongolian Literature Written in Tibetan 5 days
Ambassador of Mongolia to the People’s Republic of China Enkhbold Nyamaa Presents Letter of Credence 6 days
Murun Purevdorj to Compete in the "2025 Dakar Rally" 6 days
Mongolian National Team Wins 79 Medals in 2024 6 days
Zandanshatar Gombojav Elected President of the Mongolian Chess Federation 6 days
Mongolian Athletes Improve Their Rankings by 36-78 Positions 6 days
Thirty World Records Set During the 2024 Weightlifting World Championships 6 days
Draft Resolution on Commemorating the 130th anniversary of the birth of Sambuu Jamsran Submitted 6 days
Mongolian Aviation Sector Marks an Unprecedented Accomplishment in its History 6 days
A Modern Laboratory for Restoration of Cultural Artifacts Now Operational 6 days
Savings in the National Currency of Mongolia Increased by MNT 5.4 Trillion 6 days
This Week in Mongolia 8 days
Mongolia Provides 360 Panoramic Photos to Google Maps 10 days
Przewalski Horses to Be Reintroduced to Numrug with Czech Support 10 days
Central Bank of Mongolia Decides to Keep Policy Interest Rate at 10 Percent 10 days
Mongolian University of Science and Technology Decorates Its Classroom with the World's Heaviest Metal 11 days
Law on Budget of Mongolia for 2025 Approved 11 days
Mongol Nomad Migration Recognized as Intangible Cultural Heritage of Humanity 11 days
ADB-Funded Projects in Darkhan-Uul Aimag Supporting Mongolia's Regional Development 11 days
Asian Development Bank Projects Yielding Positive Results in Selenge Aimag 11 days
The Capital’s First Four “Job Centers” Have Opened Their Doors 12 days
Certificate of Origin for Products Exported to Japan to Be Issued Digitally 12 days
President of Mongolia Khurelsukh Ukhnaa Visits Milk Farms 12 days
Direct Flights from Ulaanbaatar to Ho Chi Minh City Officially Launched 12 days
The Trade and Development Bank JSC Recognized as the “Best Corporate Bank of 2024” by Euromoney Magazine 13 days
Mongolia and Germany Agree to Convert Debt into Public Health Investments 13 days
First Tariff Wage Network in the Cashmere Sector to be Introduced to Mongolia 13 days
Trade & Development Bank Brings Apple Pay to Customers 13 days
Over 50 Mongolian Companies Received the “Women Owned” Certification Label 13 days
Mongolian Athletes Bring Home 80 Out of 90 Medals at the World Memory Championships 13 days
Photo Exhibition Displaying the Wonders of the Philippines Opens in Mongolia 13 days
Photo Exhibition Displaying the Wonders of the Philippines Opens in Mongolia 14 days
Major Ulaanbaatar Projects Presented to Attract Chinese Investment and Cooperation 14 days
17-Year-Old Mongolian Judoka Claims Bronze at Tokyo Grand Slam 14 days
ADB and Xacbank Sign USD 50 Million Deal to Boost Climate and MSME Financing in Mongolia 14 days
Mongolian "Moon Dance" Wins Bronze Medal at the 2024 WDSF World Championship Formation Latin 14 days
Mongolia to Intensify Bilateral Relations and Cooperation with the Kingdom of Bahrain 14 days
This Week in Mongolia 15 days
Prime Minister of Mongolia Calls for Countries to Unite Against Desertification Under the Theme “One for All, All for One” 17 days
Mongolian Culture Center Opens at the University of Parma 17 days
Mongolia Hosts the "Founder of the Democratic Constitution of Mongolia Chimid Byaraa" International Academic Conference 17 days
Mongolia and the UAE Exchange Views on Expanding Bilateral Relations and Cooperation 17 days
Mongolian Herders on Exchange Program to Senegal 18 days
Finest Works from the XVIII-XX Centuries on Display 18 days
Exploring Solutions to Reduce Carbon Emissions and Supply Clean Energy in Ulaanbaatar 18 days
“Norovbanzad Namjil” Commemorative Silver Coin Now on the Market 19 days
Mongolian Athletes Secure 13 Medals at Mas-Wrestling World Championship 2024 19 days
MONTSAME News Agency, C.P.O Box 1514, B.Jigjidjav St-8, Chingeltei dist, Ulaanbaatar-15160, Mongolia, info@montsame.gov.mn
MONTSAME News Agency ©2024
pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy