“New Cooperative” campaign to be launched next year

On December 24, Prime Minister of Mongolia L.Oyun-Erdene took part in the 7th National Forum of  Cooperatives that was organized in the framework of the 100th anniversary of the development of cooperatives in Mongolia.

The first cooperative in Mongolia was established with 116 members under the name ‘People’s Mutual Aid Cooperative’ while today a total of 4468 cooperatives with 234,633 members, incorporating MNT 49.6 billion,  are making a significant contribution to the social and economic development in Mongolia.

Congratulating to the cooperatives that have played a special role in the country’s economic development on the occasion of the 100th anniversary of the development of cooperatives in Mongolia, L.Oyun-Erdene announced that “New Cooperative” campaign will be launched by the Government of Mongolia nationwide in 2022, enriching cooperatives with new content for modern development.

SOURCE: NEWS AGENCIES