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PRESS RELEASE

Government of Mongolia-External Partners Policy Dialogue on major reforms of Mongolia

June 8, 2010



Ulaanbaatar, June 8, 2010 — Government of Mongolia- External Partners Policy Dialogue, jointly organized by the Government of Mongolia and the World Bank Mongolia office, will commence in “B” hall in the Government House.

The Policy Dialogue aims to listen to Government’s achievements and challenges as it implements its policy reforms in ensuring fiscal sustainability, improving its social welfare system, promoting a healthier banking sector, and continuing real sector growth. The Policy Dialogue above all promotes high-level discussions regarding reform challenges and issues.

Mr. Batbold.S, the Prime Minister of Mongolia, made the opening remark at the policy dialogue. Members of the Great Ikh Khural (the Parliament), the Cabinet, heads of relevant agencies and institutions and civil society representatives will be attending. Klaus Rohland, recently appointed as World Bank Country Director for Mongolia, Arshad Sayed, Country Manager and Resident Representative of the World Bank in Ulaanbaatar, resident representatives of development institutions and international financial institutions are also attending.

The policy dialogue consists of the following sessions:

1. Fiscal sustainability

2. Social welfare reform: protecting the poor

3. Beyond the crises- promoting economic growth:
--Banking sector reform
--Restarting real sector growth

The Ministers and heads of relevant institutions will present the current situation in the Fiscal, Social Welfare Reform, Banking Sector and the Real Sector. Members of the Parliament, representatives from development partners and the private sector will then provide their views as panelists.

The Policy Dialogue provides an invaluable opportunity for the Government of Mongolia, international finance institutions, development organizations and business representatives to share their views on major reforms in Mongolia. This dialogue has been organized within a biannual platform between the Government and development partners in the form of a technical meeting.

Media Contacts
In Mongolia
Sunjidmaa Jamba
Tel : (976 11) 312647 ext-207
sjamba@worldbank.org

PRESS RELEASE NO:
20100608

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