Ulaanbaatar
Speaker meets representatives of World Bank Group
Politics
Ulaanbaatar /MONTSAME/
Speaker of the State Great Khural G.Zandanshatar received representatives of
the World Bank Group (WBG).
At the
beginning of the meeting, Jorge Alejandro Chávez Presa, Executive Director at
the World Bank Group, informed that the WBG delegation is visiting Mongolia to
see implementation progress and outcomes of the projects being implemented by
WBG, expressing pleasure with the macro-economic stabilization in Mongolia. He
then inquired about the economic and social development policies being implemented
by the Government of Mongolia.
For his
part, Speaker G.Zandanshatar extended gratitude for consistently supporting development
goals of Mongolia and gave detailed information about the ‘Three Pillar
Development Policy', a reform policy for three main areas including governance,
economy, and society. He highlighted that the country has been pursuing policies
to develop small and medium industry, especially animal raw material-based
industry, and increase manufacturing and export of value-added products while
speaking of the possibility of creating a large number of jobs through
increased export of cashmere products.
Moreover, WBG
Executive and Alternate Executive Directors Aparna Subramani, Roman Kachur, Yingming Yang, and Claus Happe
asked what sectors and activities are in need of the bank’s support, and about
the policies being implemented to improve public services, strengthen capacity
of local self-governing bodies, overcome environmental and climate changes, enhance
business environment, promote human development, develop satellite cities, ease
centralization in Ulaanbaatar, increase the efficiency of natural resource use
and attract foreign investment. Head of the Parliamentary Standing Committee on
State Structure D.Lundeejantsan and Head of the Parliamentary Standing
Committee on Economy J.Ganbaatar answered their questions.
In addition, Speaker G.Zandanshatar informed of some of the actions, such as placing high focus on supporting foreign investors, collaborating with the investors in developing a favorable and stable legal framework, developing eco cities, and building campuses near the capital city. Furthermore, the Speaker proposed cooperating and implementing projects for creating jobs, eradicating poverty, reducing air pollution, and protecting the environment through developed railway network, infrastructure, agriculture, and tourism.
