Minister D.Tsogtbaatar receives Word Bank representativesEconomy
Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs D.Tsogtbaatar received Mr. Martin Raiser, World Bank Country Director for China, Korea and Mongolia, and newly appointed Country Manager for Mongolia Mr. Andrey Mikhnev on April 4.
Foreign Minister noted that the countries and the global community have been providing assistance to Mongolia since its transition to a market economy in 1990 and highlighted the World Bank’s role in it. At that time, Mongolia’s GDP was USD 3 billion and it has reached USD 12 billion today.
Minister D.Tsogtbaatar shared views with the World Bank representatives on expansion of cooperation in infrastructure development, export diversification, quality and standard improvement, mutual exchange of information.
Mr. Martin Raiser pledged to further develop the existing partnership with Mongolia and focus on providing funding and human resources assistance to the infrastructure sector.