AmCham business meeting held on 'Development solutions of Mongolia'

2018-06-13 11:36:18
Ulaanbaatar /MONTSAME/ B.Batbayar, Executive Director of ‘Nepko Publishing’ company, D.Jargalsaikhan, Executive Director of DeFacto Institute and L.Sumati, Director of Sant Maral Foundation attended the monthly business meeting held by American Chamber of Commerce in Mongolia (AmCham) on June 12 and shared their views on a topic ‘Development Solutions of Mongolia’.
From nomadism to socialism and to populism, we, as a country, are going through an evolution and I am optimistic and believe in the next generation with regards to the country's future," Mr. B.Batbayar, Executive Director of ‘Nepko Publishing’ said.
D.Jargalsaikhan, Executive Director of DeFacto Institute said “Public-private sector dialogues should be transparent and platforms such as AmCham's monthly meeting with government representatives are a good platform to enable it." Technological advancement and information technology will be the main factors to define country’s future and development, he added.

Director of Sant Maral Foundation Mr. Sumati Luvsandendev expressed concerns about the challenges to Mongolia’s development and said, “There is an absence of social stability because the gap between the rich and poor is growing, and the middle class is shrinking. The middle class in Mongolia, like other post-communist countries, depends on, or belongs to, the public sector. So when there’s a budget deficit, the middle class is negatively affected.”

Representatives from AmCham member organizations, foreign diplomatic mission and foreign and domestic investors attended the meeting and got answers to their interested questions.