Speaker requests World Bank provide recommendation to Cabinet for issuing Tavan Tolgoi IPO

The American Chamber of Commerce in Mongolia

2018-08-08 14:44 GMT+8

On August 7, Speaker of Parliament M.Enkhbold received the World Bank Country Director for China and Mongolia and Director for Korea, Bert Hofman. During the meeting, Speaker M.Enkhbold highlighted that Mongolia’s key economic indicators have improved considerably following the implementation of the IMF and the World Bank’s programs and projects.

Director Bert Hofman stated, “The macroeconomic situation has stabilized owing to the increasing coal export volume and foreign direct investment. On the other hand, the private sector participation has been one of the factors driving the economic recovery, as well.” At the end of the meeting, Speaker M.Enkhbold asked the World Bank to collaborate with and provide policy recommendations to the Cabinet for issuing Tavan Tolgoi IPO.       

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