Ulaanbaatar /MONTSAME/. At the 30th Congress of the Mongolian People's Party (MPP), the Chairman of the party, Prime Minister of Mongolia L.Oyun-Erdene has presented 'A new revival policy to stimulate economy’, defined as a target program, which is aims to revive the economy amid the pandemic in a short period of time by resolving the hurdles in the development.  

Mr.L.Oyun-Erdene emphasized that the 30th Congress, which falls in the year of the 100th anniversary of the founding of the first political party in Mongolia - the Mongolian People's Party, is being organized in most difficult time, the humanity has faced since the World War II – the time of the COVID-19 pandemic, and pointing out that while over the last century the MPP dedicated its operations to restore Mongolia's independence and sovereignty and gain its recognition around the world, in the new century we have a historic responsibility to ensure economic independence. He also highlighted that considers the victory in the successive elections, as a responsibility and the ruling party’s main policy will focus on reviving the economy.

Underscoring that if the hurdles in the development is resolved in a short period of time, and the basic capacity of the economy is expanded, Mongolia will be able to reach the objectives to increase GDP per capita by 10 times, decrease the poverty by 5 times, bring the wealthy middle class to 80 percent, Prime Minister of Mongolia L.Oyun-Erdene introduced in detail the SIX SET OF PROBLEMS that have been hindering the development of Mongolia, and its solutions. These are presented as Border Checkpoint Recovery, Energy Recovery, Green Growth Recovery, and State Productivity Recovery.

Through the successful implementation of the new revival policy, the capacity of border points will be increased by three times, rising the products to be exported by two times. In addition, energy capacity will increase 2.5 times, and basic conditions will be created for the realization of mega projects for development.

As a result of the implementation of the projects, job opportunity would increase by 285 thousand, decreasing the internal migration to Ulaanbaatar, creating more job opportunities with high salary in rural areas, ensuring the balance of the urban and rural area.

A new revival policy will allow to expand the two times. With the expansion of the scope of the economy, human development goals will be realized, improving the health and educational service, addressing the problems of housing for citizens, increasing the salary, expanding the wealthy middle class, and improving quality of life dramatically.

“A total of MNT 100-120 trillion is needed to implement the revival policy. It is clear that the government cannot raise the money alone. The main principle of realizing the new revival policy is establishing new economic structure based on  active participation of citizen, entities, and investors. Basically, the government will play the role of supporter, and provide all-round support to the citizens, private sectors and investors to compete on the world stage,” noted