Landlocked countries Think Ahead

ZGM DAILY

2018-06-19 09:39 GMT+8

An opening ceremony for an intergovernmental organization, the International Think Tank for the Landlocked Developing Countries (LLDC) was held at the Ministry of Foreign Affairs of Mongolia.In 2006, the Group of Landlocked Developing Countries initiated to found the International Think Tank center in Ulaanbaatar. At the opening ceremony, Deputy Minister for Foreign Affairs Battsetseg Batmunkh noted: “The International Think Tank center in Ulaanbaatar would have a great impact on the economic and social development and the country’s reputation in the international arena, as it is the first international and intergovernmental organization in Mongolia.

Thanks to the cooperation and efforts of the Government, Ministry of Foreign Affairs, and diplomats of Mongolia, the United Nations included the initiative to open the International Think Tank center in Ulaanbaatar into its resolutions and other documents. During the UN’s General Secretary’s visit to Mongolia in 2009, the International Think Tank center was officially founded. There are 32 landlocked developing countries. In terms of development, landlocked countries are more aggravated compared to coastal developing countries, studies say.

Currently, the agreement on opening the International Think Tank for the Landlocked Developing Countries has been adopted by the countries including Armenia, Afghanistan, Nepal, Burkina Faso, Bhutan, Kazakhstan, Kyrgyzstan, Laos, Paraguay, Tajikistan and Ethiopia. We are calling on the other 20 countries to adopt this document”. The Director of the International Think Tank for the LLDC in Ulaanbaatar Odbayar Erdenetsogt said: “The International Think Tank for LLDC’s main goal is to study difficulties and challenges facing the LLDC and draw international experiences and lessons in this field.

The International Think Tank aims at strengthening the development and reducing the poverty in LLDC, through training cadres and improving economic competitiveness”. Three years have passed since the International Think Tank for the LLDC in Ulaanbaatar started its operation. During this period, we studied the direct investment impact on the economy, particularly in the mining sector, in the case of Laos. Through this study, we tried to evaluate the role of the foreign direct investment in joining the regional integration. According to the study result, it was clear that the foreign direct investment did not make a quite positive impact on the Laos economy”.

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