President: Mongolia is utilizing its resources, but not effectively

Politics
amina@montsame.mn
2018-04-09 10:16:48
Ulaanbaatar /MONTSAME/ President Kh.Battulga has stressed the growing need for optimizing Mongolia's natural resource management policy. 

The Office of the President, Development and Democracy NGO and the Konrad Adenauer Foundation Mongolia co-organized a forum on natural resource governance on April 6 at the Tuushin Hotel.

President Kh.Battulga attended the event and delivered opening remarks, in which he cited Mongolia’s ranking in the 2017 Resource Governance Index report by the Natural Resource Governance Institute, where Mongolia received 54 score in revenue management, 40 in state-owned enterprise and 42 in sovereign wealth funds indicators.

“The experts have highlighted the incompliance with resource management laws and regulations in Mongolia although they are existent in sufficient number. The Constitution of Mongolia states that the land, its subsoil, forests, water, fauna and flora and other natural resources shall be subject to people’s power and State protection. Unfortunately, the people are not benefitting from the natural resources today,” said the President, calling for action to reduce the inequality of resource distribution.

“We must reflect on our mistakes and discuss how we can better enforce the policy, which makes this forum a timely event,” President Kh.Battulga said.

The forum was the main event following five workshops addressing natural resource governance in Mongolia. Members of the Landtag of German state Saarland attended the forum.
Kh.Aminaa

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