PM Orders Council to Draft Crisis Response Measures Amid Global Risks
Politics
Ulaanbaatar, March 24, 2026 /MONTSAME/. By order of the Prime Minister Zandanshatar Gombojav, a council was established to develop proposals to respond to potential economic shocks arising from external conditions and ensure Mongolia can withstand potential crises with minimal impact, including by preparing emergency response measures. The council is chaired by First Deputy Prime Minister and Minister of Economy and Development Enkhbayar Jadamba. Its members include state secretaries of ministries, as well as the heads of the Financial Regulatory Commission of Mongolia, Bank of Mongolia, and National Statistics Office of Mongolia.
The
council held its meeting on March 24, 2026, attended by Prime Minister
Zandanshatar. Amid the conflict in the Middle East, risks have emerged of
rising prices for petroleum products, diesel fuel, and other fuels. The Prime
Minister instructed Council Chair Enkhbayar to urgently develop emergency response
proposals—similar to measures taken to mitigate the impacts of the COVID-19
pandemic—and submit them promptly for Cabinet discussion.
Relevant
authorities were also tasked with ensuring uninterrupted supplies of fuel,
seeds, and fertilizers required for the spring planting season, as well as
maintaining a stable food supply. In addition, they were instructed to secure
adequate reserves of medicines and ensure proper procurement and supply.
Officials were urged to maintain preparedness for potential risks and to act in
a coordinated and well-organized manner.
At
the meeting, Minister Enkhbayar delivered a detailed presentation on risks posed to
Mongolia by the Middle East conflict and outlined potential response measures,
including the scope of the conflict, inflation risks, readiness of strategic
sectors, and national resilience measures.
The council also concluded that a draft law to enable flexible fiscal and financial management during periods of economic and social crisis caused by international developments should be prepared and submitted to the State Great Khural under an urgent procedure, according to the Press and Public Relations Department of the Government.
