 Mongolia is now desiring to make a historic jump
to economic revolution, Prime Minister S.Batbold said in his
opening speech at the first ever meeting of Mongolia Economic Forum in
Government House, Ulaanbaatar, on Monday.
"Key
principal of Government's economic policy is directed to increase investment,
intensify industrialization and build a foundation of development economics by
making healthy the business and financial environment. We had talked about
development gate and development path in comprehensive manner. We have
responded to only general issues. Now it is time to discuss it definitely. Time
is to come to shift into real business than speaking by mouth with making
actual step even it will be correct and wrong," Batbold said.
The
primary objective of the Mongolian Economic Forum is to build consensus around
defining sustainable economic development policies and addressing pressing
challenges faced by key economic sectors of Mongolia among policy makers,
business communities, academia, and the civil society. The Forum will also lay
foundation of an independent, non-governmental, non-partisan organization that
will act as a permanent venue for open discussions on various policy issues.
Apart from organizing the Mongolia Economic Forum on an annual basis, the newly
formed institution will work towards helping all relevant stakeholders find
consensus on priority development matters.
"Why
could not we exploit strategically important deposits such as Tavan Tolgoi,
Shivee Ovoo, Asgat, Burenkhaan, Mardai, Gurvangol and others in development of
the country so far? Why manufacturing that absorbed value add could not appear
by the promotion of following the mining sector? We have to discuss and share
views on such agendas to achieve in integrated understanding. For example, our
government decided that the Tavan Tolgoi coal deposit remains 100 percent
State-ownership for exploitation with setting up complex plants of coking,
chemistry of steel for creating thousands of job places," the Prime
Minister emphasized.
This
year the Forum is focusing on the following topics: Reform of the State Budget
of Mongolia, Development of the Mining Industry, Environment and
"Green" Economy, Reform of the State Registration System, Reform of
Capital Markets and Improving Competitiveness.
"...Other
countries are producing, we are consuming. We are extracting raw materials from
mining, but they are making final products. We are trading our agricultural
products and livestock-originated raw materials, but other countries are
producing ready goods. We mainly importing, but they are exporting. We must
change this situation. This is key objective of our economic policy," Mr
Batbold said.
At
the end of his speech, the Premier Batbold proposed to set up a new public
organization "Mongolian Development Strategic Council". Then he
said,"I wish this first ever Economic Forum to be a start of decisive step
to develop economic democracy; shift into economic development of stable growth
from vulnerable economics of inappropriate structure; into open and
transparency economy from hidden unhealthy economy; and into capital market
from the shortage of funding".
Source: montsame
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