PM outlines three main objectives at Mongolian Economic Forum
Prime Minister S. Batbold said that discussions held at the 2012 Mongolian Economic Forum would play a key role in the Mongolian Government’s future decisions and strategies.
The PM stated that having more Mongolian companies listed on the Mongolian Stock Exchange. Paying careful attention to foreign investment, with the Government granting flexible taxes for new companies that create more jobs and the strong encouragement new ideas and innovation will be the three areas that receive the majority of the Government’s energy and efforts.
Both foreign and domestic delegates from businesses and organizations participated and exchanged opinions during the first day of the two-day forum on Mongolia’s rapid economic growth.
Participants focused on the correct distribution and management of wealth from mineral resources, economic and industrial diversity, social strategies, stable and balanced growth, poverty and its reduction, competitiveness, technological advancement, and innovation.
‘Mongolia’s Long-Term Development Plan and Strategy,’ was the title for the first day, with the Prime Minister. State Great Khural members N. Altankhuyag and S. Oyun, the Chairman of the Development and Innovation Committee Ch. Khashchuluun, Former Prime Minister D. Sodnom, the CEO of Oyu Tolgoi LLC Cameron McRae, and the influential political analyst B. Batbayar all in attendance.
The difficulties Mongolia is facing; notably the outdated and inefficient education system for Mongolian youth, who will become crucial human resources during this critical time of Mongolia’s economic growth, were touched on by speakers.
At the conclusion of the ‘Wealth Management and Economic Diversity,’ presentation the panelists agreed that whether a decision by the Government is made quickly or slowly, the most important matter to consider is that the decision is correct when questioned about a possible Government lag.
The PM stated that having more Mongolian companies listed on the Mongolian Stock Exchange. Paying careful attention to foreign investment, with the Government granting flexible taxes for new companies that create more jobs and the strong encouragement new ideas and innovation will be the three areas that receive the majority of the Government’s energy and efforts.
Both foreign and domestic delegates from businesses and organizations participated and exchanged opinions during the first day of the two-day forum on Mongolia’s rapid economic growth.
Participants focused on the correct distribution and management of wealth from mineral resources, economic and industrial diversity, social strategies, stable and balanced growth, poverty and its reduction, competitiveness, technological advancement, and innovation.
‘Mongolia’s Long-Term Development Plan and Strategy,’ was the title for the first day, with the Prime Minister. State Great Khural members N. Altankhuyag and S. Oyun, the Chairman of the Development and Innovation Committee Ch. Khashchuluun, Former Prime Minister D. Sodnom, the CEO of Oyu Tolgoi LLC Cameron McRae, and the influential political analyst B. Batbayar all in attendance.
The difficulties Mongolia is facing; notably the outdated and inefficient education system for Mongolian youth, who will become crucial human resources during this critical time of Mongolia’s economic growth, were touched on by speakers.
At the conclusion of the ‘Wealth Management and Economic Diversity,’ presentation the panelists agreed that whether a decision by the Government is made quickly or slowly, the most important matter to consider is that the decision is correct when questioned about a possible Government lag.
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