Ulaanbaatar
World Bank expresses commitment to support in conducting analysis on trade policy reform
Economy
Ulaanbaatar/MONTSAME/. Mr.S.Narantsogt, the Vice Minister of
Economy and Development received Mr. Hassan Zaman, the Regional Director, East
Asia and Pacific for the Equitable Growth, Finance, and Institutions on 25 July
2022.
The Vice Minister provided information on current economic
situation and development policy of Mongolia, including the implementation of
the New Recovery policy, as well as the actions in terms of integrating
development planning and budget planning.
While clarifying progress of the New Revival policy, development
policies and projects, Mr.Zaman has extended the World Bank’s readiness to
cooperate with the Government of Mongolia to ensure the implementation of these
policies.
Furthermore, parties agreed that comparison and integration
of data on macroeconomic indicators including GDP growth, inflation, and
unemployment regularly prepared by the Ministry with the analysis on country's
economic conditions conducted by the World Bank's, will be an important impetus
in sustaining accuracy, and thereby in precise projection of the economic
outlook.
During the meeting the World Bank expressed its commitment
to support and cooperate in conducting detailed research and analysis on trade
policy reform, policy development and on potential bilateral and regional free
trade agreements.
Source: Ministry of Economy and Development
