March 9, 2011 on: International

Which was attended by Ministers, Ambassadors to Mongolia, Permanent Representatives of international organizations, and some 100 representatives of foreign organizations working for Mongolia’s development.

The meeting had three main themes: new financial opportunities, defining mid-term priorities of development that can be financed with revenue from resources, and ensuring good governance. As far as the first is concerned, 15 billion shares of the Tavantolgoi deposit will be issued to citizens and economic entities; four foreign banks have been selected to arrange for raising capital in the international market for Erdenes Tavantolgoi: and foreign partners will soon be selected for developing the deposit after considering who will be most suitable for transit transportation, port utilization, and advance payment. The Government has initiated large programs and projects that would benefit the domestic market in the long term, such as construction of 100,000 household apartments new auto roads, new railway, and an industry complex in Sainshand. Chief of the Cabinet Secretariat Ch.Khurelbaatar spoke on efforts being made to streamline work in Government offices. Among Ambassadors who spoke were Wang Shyaolun of China and Asi Arar of Turkey.  


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