Greater Tumen Initiative countries to discuss financial cooperation

2018-06-19 12:16:52
Ulaanbaatar /MONTSAME/ Ministry of Finance and the Development Bank of Mongolia are to hold a high-level discussion ‘Development Priority Programs: Financial Cooperation’ within the framework of the ‘Greater Tumen Initiative’ program, supported by the UNDP.

In particular, the Ministry of Finance and the Greater Tumen Initiative (GTI) Secretariat will jointly hold the Program Consultative Commission Meeting on June 21-22 in Ulaanbaatar and during the meeting participants will discuss about the National Investment Program, government policy and funding opportunities for priority sectors such as agriculture and mining. Over 100 representatives from Ministry of Finance and Ministry of Trade and Economy of the GTI member countries: Mongolia, People’s Republic of China, Republic of Korea and Russian Federation, executives of EXIM Bank, local authorities engaged in the program and research institutes will participate in the meeting.  

Aside from representatives from the GTI member countries, discussions on the programs will involve embassies in Mongolia, international financial organizations and development partners. At the consultation meeting, issue of strengthening economic cooperation in Northeast Asia, priorities and future action plans will be discussed.

The Greater Tumen Initiative (GTI) is an intergovernmental cooperation mechanism that was founded in 1995 with the support of the United Nations Development Programme. It aims at strengthening economic cooperation, and attaining greater growth and sustainable development in Northeastern Asia.