Ulaanbaatar
Strategy introduced to foster private sector in western Mongolia
Society
Ulaanbaatar/MONTSAME/ A discussion themed ‘Strategy to foster private sectors in western Mongolia’ was held at State House on November 19.
During the discussion, authorities
of the Cabinet Secretariat of Government, Governors of Bayan-Ulgii, Gobi-Altai, Khovd, Uvs and Zavkhan aimags,
heads of citizens’ representatives meetings of the aimags, chairman of
Mongolian National Chamber of Commerce and Industry, representatives of the local
chambers of commerce and industry, Asian Development Bank’s Country Director for
Mongolia Yolanda Fernandez Lommen and specialists of corresponding ministries were
introduced with the strategy to develop private sector in western region and
some survey reports.
The Asian Development Bank
has been implementing a technical assistance project ‘Fostering value-added
activities in western Mongolia’ since 2016. Within the project, competitiveness
assessment report and institutional readiness assessment report were carried
out in five western aimags over the past three years and business plans were
worked out for meat factory in Bayan-Ulgii aimag, ‘Narlag Khulemj’ in
Gobi-Altai aimag, seed farm in Khovd aimag and grain farm in Uvs aimag. Moreover,
information rooms of governor offices were furnished with required equipment
and a series of trainings were provided to staffs of private and public
organizations.
The
ADB recommended the Cabinet Secretariat of Government that it needs to create
favorable environment of governance, empower private sector and develop
infrastructure within short period in order to foster local private sector.
Ms.
Yolanda said, “The technical assistance project has implemented successfully. It
fulfilled its objectives sufficiently. Long-term regional assessment on the
state of public and private entities will be a baseline document for government
policy to develop rural areas and be useful data for businessmen to find their directions
of activities and choose future paths.”
U.Byambasuren, deputy head of the Cabinet Secretariat, said “This
baseline document is very important for government to define its development
policy that fits territorial and regional features. We have expressed our
interest to the ADB to realize this project in other aimags.”
