Cooperating with World Bank for optimizing the operation of Ministry of Economy and Development
EconomyUlaanbaatar/MONTSAME/. S. Narantsogt, Vice Minister of
Economy and Development met with Dr. Verena Fritz, Senior Public Sector
Specialist of the World Bank, and provide information about the structure and
functions of the ministry, its cooperation with other ministries, and exchanged
views on international best practices of ministries responsible for economic
and development policies and opportunities and actions to improve government
productivity.
The parties emphasized the experience of the World Bank in
supporting the Government of Mongolia in enhancing the capacity of government
institutions and improving the budget, financial planning, and management. It
was agreed to work closely with the World Bank in strengthening the capacity of
the Ministry of Economy and Development and holding monthly joint discussions
on the macroeconomic outlook in the future.
During her mission in Mongolia, Dr.Verena Fritz will meet
with other relevant ministries and agencies and present her recommendations to
the ministry for further cooperation.
Source: Ministry of Economy and Development