The Ministry of Family, Labour and Social Protection shares Sectoral Policies and Reforms with the International Monetary Fund (IMF)

Ms. L. Munkhzul, State Secretary of the Ministry of Family, Labour and Social Protection, held a meeting with Mr. Tahsin Saadi Sedik, Depute Division Chief of the Asia and Pacific Department at the International Monetary Fund and Head of Mission for Mongolia.

During the meeting, Ms. L. Munkhzul provided comprehensive update on key social and labour sector reforms in response to questions raised by the IMF delegations.

Mongolia’s minimum wage currently stands at 4,715 MNT per hour, or 792,000 MNT per month. To advice pension reform, the government is preparing to submit a draft law proposing amendments to the Social Insurance Law Package, aimed at introducing more flexible and sustainable retirement benefits.

Ms. L. Munkhzul also emphasized that upcoming social welfare reforms will prioritize targeted support for vulnerable populations rather than broad-based distributions.

In addition, Ms. Munkhzul noted that Minister L. Enkh- Amgalan serves as Depute Chair of both the National Wealth Fund Council and National Housing Committee, working to improve the legal framework that ensures greater access to mortgage financing and fosters sustainable housing finance policy.