President proposes agricultural projects to increase income of households

Oyundelger 2019-04-08 01:04

Economy

President of Mongolia Mr. Battulga received representatives of the World Bank, including Martin Raiser, Country Director for China and Mongolia, and Andrei Mikhnev, Country Manager for Mongolia.

President of Mongolia Mr. Battulga received representatives of the World Bank, including Martin Raiser, Country Director for China and Mongolia, and Andrei Mikhnev, Country Manager for Mongolia. Mr. Raiser spoke about the World Bank’s mission to end extreme poverty in its member countries and its efforts and certain accomplishments in Mongolia in reducing poverty and expressed his views on some challenges that Mongolia still faces today. President Mr. Battulga brought to attention the rate of poverty in Mongolia and exchanged views with Mr. Raiser on the necessity of economic diversification for the reduction of poverty. For instance, President Mr. Battulga put forward agricultural projects and programs on processing raw materials such as hide and manufacturing final products, saying that the successful implementation of these projects would result in solid increase of income for 170 thousand households that are making a living in this sector.