Discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ held

Densmaa 2021-09-08 03:09

Economy

The first discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ was organized by the Bank of Mongolia.

The first discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ was organized by the Bank of Mongolia. During the discussion, Bank of Mongolia (BoM), National Development Agency (NDA), The Ministry of Food, Agriculture and Light Industry, World Bank, International Finance Corporation, Mongolian Sustainable Finance Association) and The United Nations Development Program presented their research works done on ‘Inclusive Economic Growth’ and ‘Climate Change and Sustainable Green Financing’. The draft of the ‘Basic guidelines for 2022 State Monetary Policy” will be submitted to the autumn session of the parliament for an approval. As global income inequality, quality of life, and climate change is negatively affecting the long- and mid-term sustainable economic growth, the sides concluded that it is important to take immediate measures, and develop and implement long-term results-oriented policies and strategies. The study suggested the importance of long-term, sustainable and consistent unified policy, private sector initiatives, technological advances, and international cooperation to achieve tangible results.