For the 10th consecutive year, World Bank Group in Washington DC, USA introduced the World Bank Group’s annual ease of doing business measurement.
Ceremony to acquaint with report of World Bank was attended by the Ministry of Mongolia S.Bayartsogt, Ambassador Extraordinary and Plenipotentiary of the United States of America to Mongolia Ms. Jennifer Zimdahl Galt, the World Bank's Country Manager for Mongolia Mr. James Anderson and the representative of the International Financial Corporation (IFC) to Mongolia Tuyen D.Nguyen.
According to the old method, Mongolia was ranked 75th and last year our country climbed up to 59th by new method. This year Mongolia advanced by three places and ranked 56th while placed 6th in Asia-Pacific Region. Singapore ranks number one in the world on the World Bank Group’s annual ease of doing business measurement out of 189 countries.
The representative of the International Financial Corporation (IFC) to Mongolia Tuyen D.Nguyen stated that as a result of consistent reforms aimed at creating a favourable environment for business, Mongolia`s position in the list has constantly increasing.
It is good that Mongolia ranks 56th in the world on the World Bank Group’s annual ease of doing business measurement while ranking 6th in Asia-Pacific Region. However, we have a potential to improve this position and to create more favorable business friendly environment. State Great Hural has not approved the license law and monitoring law in relation to the ease of doing business. After the approval of both laws, major change to be showed in the business environment and our country will bring us within the first 50 countries on ease of doing business, said the Ministry of Mongolia S.Bayartsogt.
For the 10th consecutive year, World Bank Group in Washington DC, USA introduced the World Bank Group’s annual ease of doing business measurement.
Ceremony to acquaint with report of World Bank was attended by the Ministry of Mongolia S.Bayartsogt, Ambassador Extraordinary and Plenipotentiary of the United States of America to Mongolia Ms. Jennifer Zimdahl Galt, the World Bank's Country Manager for Mongolia Mr. James Anderson and the representative of the International Financial Corporation (IFC) to Mongolia Tuyen D.Nguyen.
According to the old method, Mongolia was ranked 75th and last year our country climbed up to 59th by new method. This year Mongolia advanced by three places and ranked 56th while placed 6th in Asia-Pacific Region. Singapore ranks number one in the world on the World Bank Group’s annual ease of doing business measurement out of 189 countries.
The representative of the International Financial Corporation (IFC) to Mongolia Tuyen D.Nguyen stated that as a result of consistent reforms aimed at creating a favourable environment for business, Mongolia`s position in the list has constantly increasing.
It is good that Mongolia ranks 56th in the world on the World Bank Group’s annual ease of doing business measurement while ranking 6th in Asia-Pacific Region. However, we have a potential to improve this position and to create more favorable business friendly environment. State Great Hural has not approved the license law and monitoring law in relation to the ease of doing business. After the approval of both laws, major change to be showed in the business environment and our country will bring us within the first 50 countries on ease of doing business, said the Ministry of Mongolia S.Bayartsogt.