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An International Monetary Fund (IMF) delegation is working in Mongolia to conduct a 5th review of Mongolia’s extended fund facility (EFF) program. Cabinet and the IMF staff reached an initial agreement to raise salaries for civil servants in the fourth quarter of 2018. On July 26, Minister of Labor and Social Welfare S.Chinzorig reported that negotiations will continue on salary increases.
The ministry hopes to keep salary increases in line with inflation as well as workloads and required skills for a specific type of jobs. Minister S.Chinzorig also stated, “The National Tripartite Committee on Labor and Social Consensus might soon decide on raising the minimum wage. The ministry presented a proposal to raise the minimum wage to 300,000 MNT in January 2019.”
An International Monetary Fund (IMF) delegation is working in Mongolia to conduct a 5th review of Mongolia’s extended fund facility (EFF) program. Cabinet and the IMF staff reached an initial agreement to raise salaries for civil servants in the fourth quarter of 2018. On July 26, Minister of Labor and Social Welfare S.Chinzorig reported that negotiations will continue on salary increases.
The ministry hopes to keep salary increases in line with inflation as well as workloads and required skills for a specific type of jobs. Minister S.Chinzorig also stated, “The National Tripartite Committee on Labor and Social Consensus might soon decide on raising the minimum wage. The ministry presented a proposal to raise the minimum wage to 300,000 MNT in January 2019.”