During the meeting, Minister Siluanov emphasized that Russia is ready for deeper cooperation with Mongolia in the financial sector. He noted that joint initiatives could be implemented, including the digitalization of the budget and the use of artificial intelligence for managing state finances. Russia expressed its willingness to share its experience gained from cooperation with other countries. Minister Javkhlan also confirmed Mongolia's interest in exchanging experiences in digital budgeting and the application of fiscal tools based on AI. He outlined the country's commitment to financial market reforms through international cooperation.
The memorandum signed by the parties recorded their intention to work in key priority areas. Both sides confirmed their readiness to fulfill agreements made at the level of ministers and heads of government of Mongolia and Russia.
In addition, the ministers discussed issues related to the joint development of tourism, simplifying cross-border payment systems, and increasing trade flows. The discussions also touched on strategic aspects of financial cooperation, including joint investment projects and interaction with international financial institutions.
