Government holds forum on public-private partnerships
The Government held a forum called “Partnership for Development” in the Government House on December 3.
Prime Minister S.Batbold opened the forum and said it was intended to bring together the state, the private sector, and scholars to discuss ways to improve business conditions for the country’s development, and to foster public-private cooperation.
He said about 89,000 private sector organizations were registered in Mongolia at the end of June 2011, about 50,000 of which are actively operating. The premier noted that the number of businesses in the country is increasing annually. He said the private sector accounted for 73.7 to 74.3 percent of GDP in the last four years and it accounted for about 30 percent of tax revenues. He also said the World Bank’s ranking of Mongolia’s private sector has improved from 89 to 86.
S.Batbold noted that the Government and Parliament passed policies and laws in 2010 and 2011 to improve private sector legislation and support private sector development and investment, including “National Strategy to Support Private Sector Development,” “State Policy of State and Private Sector Partnership,” “National Program of Corporate Governance,” and the Law on Concessions.
The prime minister added that the Government is determined to support increased domestic production to reduce Mongolia’s dependence on imports.
The head of the National Development and Renovation Committee, Ch.Khashchuluun, and the head of the Mongolian National Chamber of Commerce and Industry, S.Demberel, read reports about public-private partnerships and how to develop them. Participants in the forum had many suggestions, such as loan guarantees, developing the industrial sector, and reducing the country’s dependence on the mining sector.
Delegates decided to establish a Consulting Committee for State and Private Sector Cooperation, and issued recommendations.
Prime Minister S.Batbold opened the forum and said it was intended to bring together the state, the private sector, and scholars to discuss ways to improve business conditions for the country’s development, and to foster public-private cooperation.
He said about 89,000 private sector organizations were registered in Mongolia at the end of June 2011, about 50,000 of which are actively operating. The premier noted that the number of businesses in the country is increasing annually. He said the private sector accounted for 73.7 to 74.3 percent of GDP in the last four years and it accounted for about 30 percent of tax revenues. He also said the World Bank’s ranking of Mongolia’s private sector has improved from 89 to 86.
S.Batbold noted that the Government and Parliament passed policies and laws in 2010 and 2011 to improve private sector legislation and support private sector development and investment, including “National Strategy to Support Private Sector Development,” “State Policy of State and Private Sector Partnership,” “National Program of Corporate Governance,” and the Law on Concessions.
The prime minister added that the Government is determined to support increased domestic production to reduce Mongolia’s dependence on imports.
The head of the National Development and Renovation Committee, Ch.Khashchuluun, and the head of the Mongolian National Chamber of Commerce and Industry, S.Demberel, read reports about public-private partnerships and how to develop them. Participants in the forum had many suggestions, such as loan guarantees, developing the industrial sector, and reducing the country’s dependence on the mining sector.
Delegates decided to establish a Consulting Committee for State and Private Sector Cooperation, and issued recommendations.
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