Strategy introduced to foster private sector in western Mongolia
A discussion themed ‘Strategy to foster private sectors in western Mongolia’ was held at State House of Mongolia develop private sector in western region and some survey reports.
A discussion themed ‘Strategy to foster private sectors in western Mongolia’ was held at State House of Mongolia develop private sector in western region and some survey reports. The Asian Development Bank has been implementing a technical assistance project ‘Fostering value-added activities in western Mongolia’ since 2016. Within the project, competitiveness assessment report and institutional readiness assessment report were carried out in five western provinces over the past three years and business plans were worked out for meat factory in most western Bayan-Ulgii province, green house in Gobi-Altai province, seed farm in Khovd province and grain farm in Uvs provinces. Moreover, information rooms of governor offices were furnished with required equipment and a series of trainings were provided to staffs of private and public organizations. The ADB recommended the Cabinet Secretariat of Government that it needs to create favorable environment of governance, empower private sector and develop infrastructure within short period in order to foster local private sector. The deputy head of the Cabinet Secretariat Byambasuren, said “This baseline document is very important for government to define its development policy that fits territorial and regional features. We have expressed our interest to the ADB to realize this project in other provinces.”