Mongolia collaborating with World Bank to protect investors' rights
The discussion was held among the officials of the World Bank Representative office in Mongolia and the capital Ulaanbaatar Administration on how to protect investors’ rights.
Mongolia is collaborating with World Bank to protect investors' rights. Officials of the World Bank Representative office in Mongolia and the capital Ulaanbaatar Administration exchanged information and views on how to collaborate to support the capital’s council to protect investors’ rights within the framework of a project being implemented by the World Bank in cooperation of the Government of Mongolia. The World Bank delegates of the Department of Trade and Competition introduced that the project would collaborate with the capital city in creating a mechanism to resolve complaints and proposals of investors through developing and introducing IT programs to receive investors’ complaints and proposals and to make analysis on them and monitor the solution, based on the existing system of receiving complaints and proposals in the capital city as well as developing related regulations. The World Bank delegates underlined the importance of collaborating with Ulaanbaatar as over 50 per cent of the population of Mongolia resides in the city as well as sustaining a policy to attract investors for a longer period.
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