Ulaanbaatar
Head of Cabinet Secretariat meets World Bank delegates
PoliticsUlaanbaatar /MONTSAME/ On March 29, J.Munkhbat, Head of the Cabinet Secretariat of Mongolia and members of the Investor Rights’ Protection Council of Mongolia received a delegation led by Roberto Echandi, Investment Policy Global Lead of the Investment Climate Unit of the Trade and Competitiveness Global Practice of the World Bank Group.
Trade and Competitiveness Global Practice of the World Bank Group and the International Finance Corporation have decided to co-implement a project to support investment policy and agricultural investment in Mongolia. At the meeting, the dignitaries exchanged views on issues of cooperation between the International Finance Corporation and the Cabinet Secretariat of Mongolia within the framework of intensification of works of investors and capacity building in the future.
Mr. Roberto Echandi said “The reputation of Mongolia among investors has been slowly reviving. During an Investors’ meeting held in Canada, international economists said that policy pursued by the government of Mongolia is being carried-out successfully and its activities are stabilized in recent times. One of the biggest examples is the recently-established Investor Rights’ Protection Council of the government of Mongolia”.
He continued that I am glad to cooperate with Mongolia in this time when the country has a 'good' law regarding foreign investors. We will include Mongolia in specific into a report, which will be finally delivered to the European Union.
J.Munkhbat said, in turn, that the government of Mongolia would like to revive investors’ confidence in Mongolia and maintain mutually beneficial cooperation with the International Finance Corporation in the agricultural industry of Mongolia. He then pledged that the government will provide all possibilities to develop an action plan through an active operation of the relevant working group. "The government will pay attention to improve the working capacity of the Investor Rights’ Protection Council" he added. .
