Ulan-Bator intends to achieve direct investment in the Mongolian economy with $ 2.5 billion in 2022 to $ 4 billion in 2024.
About this, the Minister of Economics and Development of Mongolia Khurelbaatar Chimed reported at the Investment Forum of the private sector in Ulan-Bator, reports Centralasia (MNG).
The Minister said that the economy of Mongolia at the end of 2023 increased by 6.8 percent, which is a significantly high indicator for the region.
According to the head of the department, the mining sector and the service sector had a great influence on economic growth.
The agricultural sector of Mongolia at the end of the year decreased by 9 percent, Chimed said.
The minister noted that the government will further pay attention to the uniform growth of all industries, maintaining steady economic growth on average at the level of 6 percent.
Constant economic growth creates basic conditions for stable income of citizens and has an important impact on economic security, Chimed noted.
“The private sector, which accounts for 79 percent of GDP, needs investments. Abr makes a great contribution to investment in the private sector. Abr invested in more than 10 enterprises,” the Minister of Economics and Development said.
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The organizers of the forum are the Ministry of Economics and Development and the Asian Bank. A group of ABR officials responsible for banks, finances, credit and investment arrived at the event at the Shangri Hotel.
Bank’s speakers will tell representatives of the private sector about priority areas, voiced criteria, basic conditions and processes for submitting applications for investment abr.