Ulaanbaatar
Premier gives report at Annual Asian Investment Conference
PoliticsUlaanbaatar /MONTSAME/ The Prime Minister of Mongolia Ch.Saikhan underlined that Mongolia came back to business, in his report on Thursday at the 11th Annual Asian Investment Conference running in Hong Kong, a Special Administrative Region of the People's Republic of China (PRC).
Although Mongolian economy experienced difficulties in 2015, it has brought some achievements thanks to realizing the biggest projects on mining and infrastructure, he said.
Then he talked about a present situation in the Mongolian economy, ongoing actions for attracting foreign investments, and political stable conditions in Mongolia.
The Premier also said Mongolia will host the 11th ASEM Summit this July, which is expected to gather state leaders of 53 countries, and hoped Mongolia will immensely contribute to the ties between Asia and Europe by organizing this grand event.
Throughout history, Mongolia was a bridge between Asia and Europe, and still connects these continents by railways and airways. "I am very confident that the Asia-Europe cooperation will strengthen more as a result of the ASEM Summit".
After the report, Mr Saikhanbileg met Board members of the Credit Suisse bank. This meeting was witnessed by N.Zoljargal, a president of the Bank of Mongolia (BoM); D.Gankhuyag, the State Secretary of the Ministry of Foreign Affairs; Kh.Gantsogt, the State Secretary of the Ministry of Finance; B.Otgonjargal, the Consul-General of Mongolia to Hong Kong; M.Monkhbat, director of the Development Bank of Mongolia (DBM); B.Byambasaikhan, an executive director of the “Erdenes MGL” LLC; Saurabh Banglani, a director of the Financial Group of the Credit Suisse; Ali Alam, a deputy director of the Credit Suisse; and others.
Having started a cooperation with Mongolia in 2014, the Credit Suisse has worked as the first coordinator for a join credit programme with USD 300 million. This money has been financing big projects and programs on import substitution industrialization, the Premier noted.
He underlined that the government of Mongolia and the Credit Suisse managed to raise USD 750 million by issuing bonds and a joint credit in a short time.
Following the meeting, Mr Saikhanbileg gave an interview to the Bloomberg TV channel.
