“Mongolia has a possibility to
structurally transform the economy by developing domestic manufacturing and
infrastructure alongside with preparing educated human resource”.
These are the words highlighted by MrPaul Akiwumi, Director of Division for
Africa, Least Developed Countries and Special Programmes at the UNCTAD /United
Nations’ Conference on Trade and Development/. He gave a speech at the sub-regional
workshop with the theme “Fostering Structural Transformation and Export
Diversification in Selected Asian Landlocked Developing Countries”.
Co-organized by the International Think Tank
for Landlocked Developing Countries (LLDC) and the United Nations’ Conference
on Trade and Development (UNCTAD), the workshop was attended by delegates of
LLDCs/ International Think Tank for Landlocked Developing Countries/ in Asia:
Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan, Laos and Bhutan, experts and
researchers of international organizations such as the UN Economic and Social
Commission for Asia and the Pacificand the Mineral Fund to
discuss ways to no longer depend on mining commodities and diversifying the
economy and share experiences.
Director of the International Think Tank for LLDCs E.Odbayar
landlocked countries that are economically dependent on few types of mining
products have yet to find a way out of the situation. But instead, some of
those countries have found interesting solutions to how the economy can be
further developed using the sector, what kind of funds should be established
and how the income should be correctly spent and allocated, which are being
discussed at the workshop”.
The 2-day-workshop will issue policy
recommendations on solving challenges that the regional countries face.