Academic Conference Held on “The Sovereign Wealth Fund: Current Situation and Pressing Issues”

In accordance with Government Resolution No. 48 of 2026, the Government of Mongolia has approved a decree to organize a deliberative polling among citizens regarding the Sovereign Wealth Fund on April 15, 2026.

To accelerate the implementation of the Sovereign Wealth Fund Law, transform the Fund into a fair, transparent, open, stable, and responsible system, and mature its asset management institution, the Cabinet Secretariat and the Working Group of the deliberative polling jointly organized an academic conference titled, “Sovereign Wealth Fund: Current Situation and Pressing Issues.”The conference brought together representatives from relevant ministries, agencies, governmental and non-governmental organizations, the Mongolian Academy of Sciences, university scholars and researchers, mining sector NGOs, local governments, and the private sector.

S. Byambatsogt, Cabinet Secretariat, opened the conference, stating:

“The deliberative polling is scheduled for April 15, 2026. We are organizing this academic conference ahead of the polling to streamline the many topics surrounding the Sovereign Wealth Fund. Let us collectively discuss the Fund’s current situation, pressing challenges, and potential future solutions.When citizens are wealthy, the nation is wealthy. Fulfilling our Constitutional mandate to distribute the yields of natural resources equitably and fairly to our people is paramount. We are holding today's discussion to bring clarity to these matters, as deliberating together is the right path forward.”Addressing the financial status of the Fund, he continued: “As of today, a total of 7.1 trillion MNT has been accumulated in the Sovereign Wealth Fund. Of this, 6 trillion MNT is held in the Future Heritage Fund, placed in foreign banks at a 4 percent interest rate. Over 1 trillion MNT is deposited in the accounts of Mongolian citizens through the Savings Fund. The 175,000 MNT currently in each citizen's nominal accounts must grow by 2030. Starting in 2030, citizens will be able to spend the funds accumulated in their savings accounts on housing, healthcare, and education. The funds will be securely held and grown until then. But if we maintain the status quo, will these savings grow sufficiently by 2030? Let us openly discuss from multiple angles how to maximize the resource wealth distributed to our citizens and what leadership and management framework should guide this. The Government of Mongolia and the Prime Minister are actively working to grow the Savings Fund’s assets to reach approximately 10 million MNT per citizen by 2030.”

Following the opening remarks, conference participants engaged in in-depth discussions on the policies required to bring the benefits of subsoil wealth directly to every household. The dialogue focused on actionable strategies to increase the Sovereign Wealth Fund's revenue, effectively consolidate dividends, and improve the Fund's governance and management to ensure that resource benefits are shared equitably and fairly with all citizens, both now and in the future.Эрдэм шинжилгээний хурал 4.jpg 160.76 KBЭрдэм шинжилгээний хурал 5.jpg 166.5 KB