Ambassadors take part in BCM Monthly MeetingEconomy
Ulaanbaatar /MONTSAME/ October Monthly Meeting of the Business Council of Mongolia was held yesterday with participation of Ambassadors of Canada, Germany, Italy, the United States, India and the European Union. At the dialogue on COVID-19 socio-economic challenges and opportunities, the Ambassadors shared their own country’s experiences, ongoing measures and current economic cooperation with Mongolia.
U.S. Ambassador Michael Klecheski appraised Mongolia for well calculation of potential risk of the pandemic and coordinating measures very well. We see the pandemic as a chance to prepare for future potential disaster. Although the situation is difficult for the USA, innovation is booming in some areas. For instance, we are seeing the vaccine development work optimistically. And we will be highly responsible for its distribution and consumption. Furthermore, the U.S. side is placing emphasis on strengthening cooperation with its all partner countries, especially, broadening economic ties with Mongolia. The U.S. Government’s Development Finance Institution is actively working to provide support to Mongolia.
Ambassador of the European Union to Mongolia Traian Laurentiu Hristea said "The EU has resolved to grant financing of EUR 15.6 billion to its partner countries and of which EUR 1.2 billion will be spent in Asia. The financing will be dedicated to improve health system of the country, give welfare to vulnerable groups of the society and promote small and medium sized enterprises. Currently, we are working to issue EUR 37.5 million to Mongolia. EUR 1 million dedicated to health sector will be granted in the near future through WHO. Generally, necessity has arisen for us to adapt with the condition brought by the virus in the future. Outbreak of the COVID-19 is high in European countries. It is important for the countries to reach mutual agreement in order to not to ruin their economies. There are ways not to put any restriction on freight transport and allow citizens who needs medical assistance to enter its border. I would like to say Mongolian Government to consider it. Border closure will influence adversely to the economy.“