Prime Minister closes Mongolia Economic Forum

2018-05-23 18:07:24

The 2018 Mongolia Economic Forum, held with the slogan ‘Let’s Unite Power’, wrapped up on May 22 in the State House. The two-day forum ended with the signing of agreements and memoranda on investment and cooperation.

In his closing speech, Prime Minister U.Khurelsukh noted, “Mongolia attracted foreign investment worth USD 550 million in the first quarter of 2018. As we see progress in the restoration of investor trust, we must protect this tendency. After reaching USD 11 billion at the end of 2017, Mongolia’s GDP is expected to further rise to USD 12 billion at the end of this year. Although the Government’s economic policy is yielding positive results, we shouldn’t fail to remember our future objectives to achieve and possible risks and challenges that might arise.”

The Prime Minister also underlined how public-private sector dialogue will not be limited by the Forum only, and that the Government aims to improve discussion mechanism through the Investment Protection Council and the Economic Policy Council, citing the Government’s cooperation with the World Bank and the International Finance Corporation in this area.

Related news