Summary of Policy
Citizens of Mongolia
This is a long-term policy document of the Government of Mongolia based on the concepts of the Sustainable Development Goals declared by the United Nations. The employment promotion policy of this document has three objectives:
From 2016-2020, the aims are to increase the economic activity of the working age population to 66 per cent, decrease the unemployment rate to 6 per cent, promote vocational education and training activities directed at graduates to help them generate and engage in self employment, improve informal employment registration and provide financial assistance of not less than MNT 100 billion (USD 40,808,700) to small and medium sized enterprises
In 2021-2025, the aims are to increase the employment rate of the working age population to 68 per cent, reduce the unemployment rate to 4 per cent and to ensure the small and medium enterprises development fund reaches at least MNT 200 billion (USD 81,621,300).
In 2016-2030, the aim is to reduce the unemployment rate to 3 per cent and increase the small and medium enterprises fund to MNT 300 billion (USD 122,431,953).
3. Challenges and difficulties
Because the target groups are not identified, it is impossible to evaluate whether vulnerable groups have benefitted from the policy
4. Outcomes and impacts
No official information has been found about the outcomes and impacts of this policy
It should be noted that the minimum amount of funds to be spent on the promotion of employment was specified by the law and that funds will be increased in a step by step manner.
It is unclear how the policy will benefit youth as it has not considered different age groups in the population.
Opportunities for Improvement:
It is important to examine whether employment of young people has improved, and this question should be taken into account when evaluating policy.
Date: November 18, 2017