Ulaanbaatar
Discussion takes place on impact of external factors on Mongolia’s economy
Economy
Ulaanbaatar /MONTSAME/. On February 28, the Business Council
of Mongolia (BCM) organized its monthly meeting under the theme, ‘Economic
Prospects of Mongolia and External Factors’, discussing the current state of
the domestic and international economy. The council’s monthly meeting aims to
provide businesses with information on the current economic situation and
prospects, and the impact of external factors to support them in planning their
future activities.
Chairman of the Business Council of Mongolia Ts.Tumentsogt
noted that studies and research must be thoroughly carried out in order to
ensure stable economic growth, and highlighted the importance of taking
external factors into account.
During the meeting, discussions took place on the present
state of the country’s economy, the banking and financing sector, and its
outlook as well as the impact of external factors such as the COVID-19
pandemic, climate change and expected international measures, and current
global political and geopolitical issues.
At the event, Head of the Department of Economic Security at
the Institute of Strategic Studies N.Enkhbayar also provided a presentation on
the current socio-economic situation in Russia and the changes being made in
the global financial market.
About 300 participants attended the BCM’s meeting both
online and in-person.
