NEW STAGE OF ECONOMIC GROWTH HAS BEGUN, FOREIGN PARTNERS TOLD

The Government of Mongolia invited all its foreign partners in the last 20 years for a meeting on March 4, which was attended by Ministers, Ambassadors to Mongolia, Permanent Representatives of international organizations, and functionaries of foreign organizations working for Mongolia’s development.
The meeting was intended to mark the end of the transition period and the beginning of a new stage of development. Mongolia has asked for and received grants and soft loans from donor countries and organization since 1992 but now it would need less of both, with its economy set to grow stronger. However, foreign partners were told that their advice and suggestions on proper use of natural resources would be welcome.
The meeting had three main themes: new financial opportunities, defining mid-term priorities of development that can be financed with revenue from resources, and ensuring good governance.
Source: Ardiin Erkh
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