Projects backed by OECD discussedEconomy
Ulaanbaatar /MONTSAME/ State Secretary of the Ministry of Foreign Affairs D.Davaasuren received a delegation led by Project manager of Organisation for Economic Co-operation and Development (OECD)’s Eurasia Competitiveness Program, Gregory Lecomte and exchanged view on the projects implemented and to be implemented by the organisation.
With an aim to encourage sustainable economic growth and employment in Central Asia, OECD developed a policy recommendation for developing SME sector in Mongolia and increasing the sector’s access to finance under the ‘Project on Enhancing Competitiveness in Central Asia’ which is designated for intensifying economic reform and promoting favorable business environment.
The sides talked about how to introduce leading experiences of OECD member countries to Mongolia within the framework of the study reports and recommendations as well as further cooperation issues.
The State Secretary said Mongolia is located on an important spot that links Europe and Asia and he noted that passing the railroad and auto road between Mongolia’s two neighboring countries through its territory and exporting goods to the third market via territories of the neighbors are part of the top priorities of the country. He then underlined the biggest challenge it is facing in enhancing competitiveness is the improvement of transport connection while expressing gratitude to the organisation for implementing a project regarding this matter.
Since 2014, the Government of Mongolia has been actively cooperating with OECD and carrying out specific projects and programs under its policies on diversifying the country’s economy by strengthening competitiveness, developing SME sector and reforming the fight against corruption and tax environment.