Ulaanbaatar
Economic recovery stimulus bills being drafted
Economy
Ulaanbaatar /MONTSAME/ At its
weekly meeting on December 8, the Cabinet ordered the working group drafting a package
of bills to stimulate economic recovery to complete the task promptly and the Minister
of Justice and Home Affairs to present the package at the Cabinet’s next
regular meeting.
Issues related to the government’s
productivity, checkpoints, energy sector, traffic congestion in Ulaanbaatar,
industrialization, and natural resources have become impediments to economic growth
in Mongolia. Economic recovery and sustainable and inclusive growth are
expected to be achieved once the impediment factors are removed as part of the
New Revival policy and a comprehensive set of measures are adopted to improve
the workforce participation and productivity that have been on the decline over
the last decade.
The drafting of the economic
recovery stimulus package is key to implementing the New Revival Policy.
