Ulaanbaatar
Governor of the Bank of Mongolia Participates in Asian Financial Forum
Economy
Ulaanbaatar, January 26, 2024 /MONTSAME/. The 17th Asian Financial Forum took place on January 24-25, 2024 in Hong Kong Special Administrative Region and Governor of the Bank of Mongolia Lhagvasuren Byadran participated as a guest speaker.
The Forum themed Multilateral Cooperation
for a Shared Tomorrow brought together 3,000 finance and business delegates to
engage in meaningful, forward-looking conversations and find ways to
collaborate for success on today’s most pressing issues.
In his presentation at the plenary session “Policy Dialogue- Towards International Economic and Financial
Cooperation”, Governor Lhagvasuren highlighted the conditions and opportunities
created within the legal framework to attract investment in the financial
sector, and the development of fintech and green financing in Mongolia.
The session discussed how to maintain financial
system stability amidst changes in monetary policies, fluctuations in commodity
prices, and frequent extreme weather events. The guest speakers in this session
included Burkhard Balz, Member of the Executive Board of the Deutsche
Bundesbank; Lkhagvasuren Byadran, Governor of the Central Bank of
Mongolia; Thomas Helbling, Deputy Director of the Asia and Pacific
Department at the International Monetary Fund (IMF); Ian Johnston, Chief
Executive of the Dubai Financial Services Authority; and Scott Morris,
Vice President of the Asian Development Bank. They exchanged insights on issues
such as how to respond to global financial crises through multilateral
cooperation.
The Governor of the Bank of Mongolia met high
officials of the Hong Kong Special Administrative Region Government, the Hong
Kong Monetary Authority, and representatives from Mirae Asset financial group,
reported the Bank of Mongolia.
