Government to ensure favorable working environment for international banks in Mongolia

Oyundelger 2017-04-12 06:04

Politics

Mongolia’s Prime Minister J.Erdenebat reportedly told the government will put efforts on increasing effectiveness of cooperation with international banking and financial institutions.

Government is to ensure favorable working environment for international banks in Mongolia. Mongolia’s Prime Minister J.Erdenebat reportedly told the government will put efforts on increasing effectiveness of cooperation with international banking and financial institutions through implementing mega-scale projects on infrastructure and constructions and promoting activities of international representative offices and ensuring favorable environment for them to operate smoothly in Mongolia. Mongolia has been collaborating with 12 international banks, financial, economic and commercial organizations for more than two decades. With the intervention of international banking and financial organizations, Mongolia’s economic and financial sector has been taking steps toward raising its international prestige and discovering opportunities to draw projects and programs to the local market. The government views that the cooperation with international financial institutions will continue to give yields to Mongolian economy, told Mr. Prime Minister.